Do You Know About the 80–20 Rule?

Do you need to come up with a game plan for managing multiple projects? Have you ever applied the 80–20 Rule?

Many people say you can apply the 80–20 Rule for all aspects of your life; from coming up with a game plan for early retirement to figuring out if you have an unfaithful partner.

Vilfredo Pareto, an Italian economist, came up with a principle or rather a performance measurement, that you can apply to your daily life, business, work, or personal.

He said you need to analyze your “TEE” ~ time, effort, and energy.

• STEP 1: Determine what activities you engage in that take up 80% of your TEE.
• STEP 2: Calculate the 20% of your TEE that yields 80% of the most profitable results.

People call this or the Pareto Principle or the 80–20 Rule.

Sound easy to calculate?

If it sounds easy to you, then you must be a math genius.

The calculating part doesn’t sound easy to me. But understanding what Mr Pareto is saying is not hard at all. He’s saying: “Don’t waste your…