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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
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The Pareto Principle could also be observed in almost every industry:
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Don’t be discouraged even you are being left behind, as long as you are making a progress, you are already making a difference.
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It is an idea discovered by an Italian economist. It says that power and wealth is distributed like a reversed hockey stick where a small percentage of the population (20%) owns majority of the wealth (80%).
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In Pareto Principle, the winner takes almost all. The-Winner-Take-All effect happens isn’t because winners are better, smarter, and stronger than everyone else. In fact, most of us started at about the same place. But that tiny little advantage can take a person a long way by compounding effect o...
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It is hard to accept the truth that there are inequalities everywhere. But depending on how you see it, the rule could help us filter out unnecessary data, better channel our resources, and make better decision in work and life.
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Another way to prioritize tasks is by using the 80/20 rule. This rule states that 20% of your work will account for 80% of your results.
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The Pareto Principle or 80/20 Principle says that 20% of your activities will account for 80% of your results.
Resist the temptation to clear the small tasks first; instead, start your day by asking, “Is this task in the top 20% or bottom 80% of my activities
Sometimes figuring out your 20% — what activities you will get the vast majority of your return on — is too hard.
It’s sometimes easier to identify the 80% of things not bringing you sufficient value and stop learning and doing them.
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