The Pareto principle has been seen working in various fields, and domains:
MORE IDEAS FROM THE ARTICLE
... or the 80/20 principle was coined in the early 1900s by Vilfredo Pareto, an Italian economist. He observed that the pea pods in his garden were producing peas at this rate. 20 percent of the pea pods produced 80 percent of the peas. This output was then observed by him on a larger scale, across industries, societies and companies.
This principle states that 80 percent of the output or results comes from 20 percent of the input or effort.
We have never considered this before but the same principle applies to our lives.
The 80/20 law, like gravity, is everywhere in your life.
Check your money flow, relationships, possessions, and the things you spend your time on, and find if there is any improvement that can be made in your life.
What restraints you from achieving your goals? Are they learned feelings of helplessness? Or are they just simply excuses? Remember, whatever you have learned, you can unlearn.
If your real goal is to dream big dreams and to live without limits, you can set this as your standard and compare everything that you do against it.
Not having clear goals makes it hard to focus well on your priorities at hand. Applying the 80/20 rule will lift that mental clutter and enable you to focus better on your priorities. By merely identifying that this task is a priority, you’ll start to approach it with more impact and intensity.
Phase I: Self-analysis
Reflect on where your current focuses are. How do these impact you in different areas in life?
Phase II: Identify the 20 Percent
Link those good or bad results to the source of your activities.
Phase III: Focus on the Fat Tail
Eliminate or at least, minimize destructive routines and focus your time and energy on the top 20% habits that lead to good progress