The Pareto Principle

By David C. - May 28, 2018

Most of feel that we often don’t enough have enough time to get everything done. But if you think about, twenty four hours is a ton of a time. The real problem? We simply don’t know to properly utilize our time.

We certainly can’t add any hours to our day, but there are plenty of ways to make the most of the time that we do have, by focusing on our greatest priorities, and this is where the Pareto Principle comes in.

What’s that? Don’t worry, we’re here to explain! It was invented by Vilfredo Pareto who was an Italian economist. He realized that 20% of Italian families own an entire 80% of the country’s money. He was completely taken away with this finding and started to use this 20/80 rule in everything he did.  As it appeared, 20% of the pods provided 80% of his garden’s entire crop.

It can be confusing to understand at first, but it’s important to understand that in our modern society, there are way too many opportunities for every idea to come into play. What does this mean for you? Out of the 10 things you planned to get done today, 8 of them are really not that important. You just need to decide for yourself which 2 are the most crucial. By not focusing on the vital 20%, you will waste an entire 80% of your time.

Write down your top priorities for the next day, and then cross some out.  That’s just how teachers do it, by testing you only on specific questions about the entire material. They also don’t have time to test you on everything, and that’s why they aim to do their best in asking only the most important things.

 

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