80/20 rule or Pareto principle is one of the most powerful time management techniques that will help you achieve your goal by just doing 20% of your work to get 80% results of your goal. And you can apply this to any area in your life!
The idea is to do less and get more….
What is the 80/20 rule?
The Pareto principle was named by the italian economist Vilfredo Pareto, back in 1895. Anyway, the idea of this principle is “80 percents of your outcomes come from 20 percents of your inputs”. In terms of time management, businesses often found that 20% of their time created 80% of their productivity, and that 20% of their employees created 80% of the value. However, you can use this rule in any area in life. For example, if you are a student. Let’s say, you want to get 80% results from what you are studying, so you have to figure out what is the 20% of the work you have to do in order to get the result you want. It’s all about concentration on what is the most important thing to do so you can achieve the best result of your goal.
1.Reducing the time wasting
When you apply the 80/20 rule, you will save a lot of time. Because you know exactly what to do and what not to. It’s not just saving time but you can save a lot more of your energy as well. And when you have more time you can do more things!
2.Focusing on what that matters
When you know exactly what to do, it will be easy for you to focus on that thing. It helps you to stay focused and work faster because you don’t have any distractions.
3.Getting a better result
When you work on the right thing for your goal, of course you will get the better result! Because you have more time and energy to think so you can perform better at what you are doing.
How to use
You can apply 80/20 rule to your day to day life by asking yourself these type of questions
What are the 20 % of the specific actions that lead you to the result you want?
What is the 20% of food you eat that gets you 80% of the body you want ?
What do you spend 20% of your time doing that gives you 80% of your happiness?
Who are the 20% of people you spend time with that make you smile the most?
Where are the 20% of places which you like to spend time the most?
These are the types of questions you need to ask yourself, so you can figure out what are the 20% of the most important things for you to do in order to get the 80% results of what you want. Once you know the answer you can easily increase efficiencies in most of the area in your life
The most valuable thing is your time, you need to learn how to manage it effectively. The 80/20 rule is one of the best systems for time management. When you know how to prioritize your life, you will have enough time to do more things that you normally never have time to do before!