Friday, June 5, 2015

The Pareto Principle / The 20/80 Rule

"How to 80/20 Your Life"

http://markmanson.net/80-20-your-life/

"In 1906 there was an Italian economist named Vilfredo Pareto. One day Pareto noticed that every year, 20% of the pea pods in his garden produced approximately 80% of the peas.

This got him thinking about economic output on a larger scale. Sure enough, he began to find that in various industries, societies and even companies, 80% of the production often came from the 20% most productive faction.

This became known as the Pareto Principle, or what is now often referred to as the 80/20 Principle.

The 80/20 Principle states that 80% of the output or results will come from 20% of the input or action."




But put aside economics for just a sec...what does this look like on an individual level?

"For instance:

  • What are the 20% of your possessions you get the most value out of?
  • What do you spend 20% of your time doing that gives you 80% of your happiness?
  • Who are the 20% of people you’re close to who make you the happiest?
  • What are the 20% of the clothes you wear 80% of the time?
  • What’s the 20% of food you eat 80% of the time?"

What if we adjusted our lives so that we were more productive with less effort, material possessions and waste? What if our space, minds and schedules are bloated with stuff that doesn't contribute to our relationships, spiritual maturity or happiness? 

It may be time to revise a system, update a process or overhaul an SOP. Life takes maintenance. Just saying.