Pareto's Law (80/20 Rule) - Deepstash
Managing People

Learn more about books with this collection

Conflict resolution

Motivating and inspiring others

Delegation

Managing People

Discover 57 similar ideas in

It takes just

7 mins to read

Pareto's Law (80/20 Rule)

Pareto's Law (80/20 Rule)

Pareto’s Law (80/20 Rule): 80% of the outputs result from 20% of the inputs.

Use 80/20 in work -

  1. If you had a heart attack and had to work two hours per day, what would you do?
  2. If you had a second heart attack and had to work two hours per week, what would you do?
  3. If you had a gun to your head and had to stop doing 4/5 of different time-consuming activities, what would you remove?
  4. What are the top 3 activities that I use to fill time to feel as though I’ve been productive?
  5. Who are the people who produce the most of your enjoyment and propel you forward, and which cause most of your depression, anger, and second-guessing?
  6. If this is the only thing I accomplish today, will I be satisfied with my day?

98

187 reads

MORE IDEAS ON THIS

4 Step Process to Reinvent Yourself

Remember DEAL

  1. D is for Definition: Define what are your worst fears and what you want to do in life.
  2. E is for Elimination. Kills the obsolete notion of time management once and for all. 
  3. A is for Automation.

103

455 reads

Disappearing Act

The approach for working from home for your office work - 

  1. Use a pre-planned project or emergency and take two weeks out of the office.
  2. Propose how you can work remotely.
  3. Make those two weeks the most productive at work.

86

176 reads

Timothy Ferriss

"Most people fail not because they lack the skill or aptitude to reach their goal but because they simply don't believe they can reach it."

TIMOTHY FERRISS

102

360 reads

Outsourcing

Get a remote personal assistant to learn how to give orders. It is small-scale training wheels for the most critical of NR skills: remote management and communication.

Never automate something that can be eliminated, and never delegate something that can be automated or str...

88

175 reads

The W's to Control

Money is multiplied in practical value depending on the number of W’s you control in your life:

  • What you do
  • When you do it
  • Where you do it
  • With whom you do it

101

488 reads

Timothy Ferriss

“Information is useless if not applied to something important. Or if you will forget it before you have a chance to apply it.”

TIMOTHY FERRISS

88

225 reads

Interrupting Interruptions

How to Fix Interruptions

  • Check email twice per day. Create an email autoresponse so people respect your new rule.
  • Screen incoming and limit outgoing phone calls.
  • Use two numbers: one office line (non-urgent) and one cellular (urgent).
  • Don’t let ...

94

195 reads

Timothy Ferriss

“If you cannot find meaning in your life, it is your responsibility as a human being to create it.”

TIMOTHY FERRISS

91

264 reads

The Not-To-Do List

  1. Do not answer calls from unknown phone numbers
  2. Do not email first thing in the morning or last thing at night
  3. Do not agree to meetings or calls with no clear agenda or end time
  4. Do not let people ramble
  5. Do not check email constantly—“batch” and check at set tim...

92

190 reads

Selective Ignorance

To be selectively ignorant, learn to ignore or redirect all information and interruptions that are irrelevant, unimportant, or unactionable.

The Low-Information Diet:

  1. Go on an immediate one-week media fast.
  2. Only consume information for something i...

91

242 reads

Income Automation

Income Automation

The 3 recommended options for automation:

  1. Resell. The easiest route but also the least profitable. It is the fastest to set up but the fastest to die off due to price competition with other resellers.
  2. License. Two options: invent and let someon...

88

181 reads

Parkinson's Law

Parkinson’s Law: tasks will swell in (perceived) importance and complexity in relation to the time allotted for their completion.

Set a deadline for each and every task or project.

95

252 reads

Timothy Ferriss

“Earn dollars. Live on pesos. Compensate in rupees.”

TIMOTHY FERRISS

87

211 reads

The Rules that Change the rules

  1. Retirement Is Worst-Case-Scenario - It's like your life insurance, not your life goal.
  2. Work only when you are most effective.
  3. Less Is Not Laziness.
  4. The Timing Is Never Right. Start it NOW!
  5. Ask for Forg...

102

370 reads

Fear-Setting and Escaping Paralysis

Write down the answers in a sheet of paper-

  1. What is the worst thing that can happen to you?
  2. How likely that would actually happen?
  3. How could you get things back under control?
  4. What will be the outcomes? temporary and permanent.
  5. What you have done wrong?

98

234 reads

Timothy Ferriss

"There is no sure path to success, but the surest path to failure is trying to please everyone."

TIMOTHY FERRISS

109

859 reads

The 6 Basic Rules of the Choice-Minimal Lifestyle

The 6 Basic Rules of the Choice-Minimal Lifestyle

  1. Set rules for yourself so you can automate as much decision-making as possible.
  2. Don’t provoke deliberation before you can take action
  3. Don’t postpone decisions just to avoid uncomfortable conversations.
  4. Learn to make nonfatal or reversible decisions as quickly as possi...

92

204 reads

Adding Life After Subtracting Work

Adding Life After Subtracting Work

The two fundamental components to enjoy life:

  1. Continual Learning. Transport skills that you practice domestically to other countries, like sports. Instant social life and camaraderie. Or pick skills that you can practice there, like learning a language or reading books...

89

194 reads

Resetting The SYSTEM

Resetting The SYSTEM

Advanced Goal Setting - Dreamlining-

  • What would you do if there were no way you could fail?
  • What does “being” entail doing?
  • What are the four dreams that would change it all?
  • Determine the cost of these dreams and calculate your Target Monthly ...

91

233 reads

Joining the NEW RICH

Don't be like Deferrers who

  • Sacrifice life for retirement.
  • Endure 30-40 years of carrier.
  • Retire at 65.

Be the NEW RICH (NR) who-

  • Live their retired lifestyle throughout their lives.
  • Mobile and flexible wo...

95

501 reads

CURATED FROM

CURATED BY

ssuman24

A learner who loves to share wisdom on personal growth, happiness, and success on Deepstash. Topics include motivation, habits, goals, and mindset. Believes that everyone can achieve their dreams with the right attitude and action.

Related collections

More like this

80/20 Principle And Parkinson’s Law

80/20 Principle And Parkinson’s Law

  • Be Effective rather than Efficient. Apply Pareto’s Law- 80/20 Principle to everything you do.
  • Parkinson’s law- A task will swell in importance and complexity in relation to the time allotted for its completion e.g. If for a project, I give you a week or a single day. You’ll be able t...

The 80/20 rule reversed

The 80/20 rule reversed

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.

80/20 Rule All Around

The Pareto Principle could also be observed in almost every industry:

  • In software, 80% of the errors and crashes in a system would be eliminated by fixing the top 20% of the most reported bugs.
  • In sports, 20% of athletes participate in 80% of the big games

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates