Name: Living the 80/20 Way
Rating: 4.1 (173 reviews)
Author: Richard Koch

What’s in it for me? Harness the power of the 80/20 principle to create more with less.

Are you making the most out of your life? Or do you spend your days running around, scrambling to get work done?

What if you could spend your time more productively?

You can, if you follow the 80/20 principle. It states that 20 percent of your time and resources goes into 80 percent of the results. Thus 20 percent of a record label’s artists generate 80 percent of sales; and the world’s top 20 percent of people generate 80 percent of its wealth.

These blinks will show you how to use this principle to transform your own life. You’ll learn to identify all the places, from finance to productivity, in which living the 80/20 way can simplify how you live and make you happier, too.

In these blinks, you’ll discover

how one woman turned $5,000 into $22 million by doing next to nothing;
why married people are happier than unmarried singles; and
why living the simple life is the best way to live.

Working all day, every day makes you less productive. To achieve more, you need to do less.

Some 50 years ago, computers could do little in terms of processing, yet were massive machines. But today we carry incredibly powerful computers around in our pockets!

The story of how computers evolved matches a wider trend in human activity: doing more with less. And in fact, the history of agriculture followed a similar path.

More than 300 years ago, close to 98 percent of the labor force worked in the fields, harvesting food. Due to technological advances, today in developed countries only 2 to 3 percent of the working population is involved with agriculture. And yet we grow and harvest more food than ever!

This is the driving force behind the 80/20 principle: the best 20 percent of our efforts produce 80 percent of the results. And by applying this principle everywhere, we can transform our lives.

We tend to believe that if we spend as much time as possible working, we’ll be the most productive. Yet if you apply the 80/20 principle, you would realize that the best way to achieve more is to work less!

Say you’re a freelancer and you need to get a project done in a week. If you give yourself all week to do it, you’ll procrastinate, spending your time fiddling around and not working on what matters.

But if you give yourself only 20 percent of the week to complete the project (just one day), then you’ll work diligently and efficiently. The end results will be better, and you’ll have more time to spend on other things.

Interested in how the 80/20 way can work for you? Next we’ll show you exactly how to apply this principle to the most important areas of your life.

To follow the 80/20 principle, set a destination, chart a route to get there, and then go for it!

Let’s say you want to take a vacation. First, you choose a destination, and then you figure out how to get there. And then finally, you go!

It’s simple, right? Luckily it’s exactly the same process you can use to change your life and start living by the 80/20 principle.

Focus your attention on your happiness islands: what is it that gives you the most pleasure?

Most of us are in awe of time. It is an extremely valuable and scarce resource, and thus we live our lives feeling that we don’t have enough time to do what we want.

It may come as a surprise that time is one of the areas that stands to benefit from the 80/20 principle.

Use the 80/20 principle to invest in the long term to earn big, or save incrementally to reach a goal.

As you may know, 20 percent of Americans own over 80 percent of the entire country’s wealth.

And many of these wealthy individuals followed the same 80/20 logic to earn their fortunes, in that they realized you can use a small amount of money to produce unbelievable returns.

Kernaussagen in Living the 80/20 Way

Worum geht es in Living the 80/20 Way?

Living the 80/20 Way shows you how to apply the 80/20 principle, an economic concept which states that the vast majority of results come from a small proportion of effort, to your personal life. With pragmatic, easily applicable advice about how to create more with less, the author encourages the reader to focus on what’s important and to think outside the box.

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Blink 3 von 12 - Eine kurze Geschichte der Menschheit

von Yuval Noah Harari

Zusammenfassung von Living the 80/20 Way

Living the 80/20 Way
in 6 Kernaussagen verstehen

What’s in it for me? Harness the power of the 80/20 principle to create more with less.

Working all day, every day makes you less productive. To achieve more, you need to do less.

To follow the 80/20 principle, set a destination, chart a route to get there, and then go for it!

Focus your attention on your happiness islands: what is it that gives you the most pleasure?

Use the 80/20 principle to invest in the long term to earn big, or save incrementally to reach a goal.

Instead of trying to please everyone, concentrate on the relationships that matter the most.

Things will not make you happy. Stress certainly won’t, either. Simplicity is the key.

Kernaussagen in Living the 80/20 Way

Einleitung

Working all day, every day makes you less productive. To achieve more, you need to do less.

To follow the 80/20 principle, set a destination, chart a route to get there, and then go for it!

Focus your attention on your happiness islands: what is it that gives you the most pleasure?

Use the 80/20 principle to invest in the long term to earn big, or save incrementally to reach a goal.

Instead of trying to please everyone, concentrate on the relationships that matter the most.

Things will not make you happy. Stress certainly won’t, either. Simplicity is the key.

Worum geht es in Living the 80/20 Way?

Wer Living the 80/20 Way lesen sollte

Über den Autor

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Zusammenfassung von Living the 80/20 Way

Living the 80/20 Way in 6 Kernaussagen verstehen

What’s in it for me? Harness the power of the 80/20 principle to create more with less.

Working all day, every day makes you less productive. To achieve more, you need to do less.

To follow the 80/20 principle, set a destination, chart a route to get there, and then go for it!

Focus your attention on your happiness islands: what is it that gives you the most pleasure?

Use the 80/20 principle to invest in the long term to earn big, or save incrementally to reach a goal.

Instead of trying to please everyone, concentrate on the relationships that matter the most.

Things will not make you happy. Stress certainly won’t, either. Simplicity is the key.

Kernaussagen in Living the 80/20 Way

Einleitung

Working all day, every day makes you less productive. To achieve more, you need to do less.

To follow the 80/20 principle, set a destination, chart a route to get there, and then go for it!

Focus your attention on your happiness islands: what is it that gives you the most pleasure?

Use the 80/20 principle to invest in the long term to earn big, or save incrementally to reach a goal.

Instead of trying to please everyone, concentrate on the relationships that matter the most.

Things will not make you happy. Stress certainly won’t, either. Simplicity is the key.

Worum geht es in Living the 80/20 Way?

Wer Living the 80/20 Way lesen sollte

Über den Autor

Kategorien mit Living the 80/20 Way

Ähnlich wie Living the 80/20 Way

Leute mochten auch

Entdecke den Blinkist Katalog

Beliebte Titel

Meistgeklickte Kategorien

Beliebte Themen

Angesagte Themen

Ausgewählte Titel

Living the 80/20 Way
in 6 Kernaussagen verstehen