Why the Pareto Principle is Among the Top 10 Life Skills

pareto principle - top10 life skills

Have you ever felt that you are so busy trying to keep up with your life that you just can’t get anything done? Do you find yourself constantly putting things off because you just don’t have enough time to do it all?

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Have you experienced the lack of progress that comes from never getting to the things that would make a real difference in your life? Maybe what you need is one of those life skills that gives you better leverage with whatever time and energy you have available.

The Pareto Principle is among the top 10 life skills

There is a fantastic principle that many business people use called the Pareto Principle or 80-20 Rule. The premise is that you get 80% of your results from 20% of your efforts. Amazingly, this principle works extremely well in almost every area of life.

In fact, it works so well that I consider it to be among the top ten life skills. When it comes to producing epic results, the Pareto Principle is perfect for getting you from where you are to where you want to be as quickly as possible.

In sales, it’s the top 20% of your customers that create 80% of your income. In relationships, it’s the first 20% of the time you spend with a person that reveals 80% of their personality. In personal growth, you achieve 80% of your progress through a mere 20% of your efforts. Now that’s leverage!

Put more focus where it will have the biggest impact

What is the real difference between those whose performance is average and those who excel? The ones who excel have developed the necessary life skills to focus more of their time and effort on the things that have the greatest impact on their life. That’s why we expect professionals to be more accomplished. And as it turns out, 80% of business is done by the best 20% in any given field.

The best 20% of all doctors will make 80% of all the money paid to doctors. The best 20% of all the books published account for 80% of all book sales. The most popular 20% of all musicians get 80% of the money spent on concert tickets and CD sales. As you can see, there’s a good reason the Pareto Principle is known as the 80-20 rule. It’s one of those universal life skills that creates incredible leverage wherever it is applied.

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Making application of Pareto Principle

So here’s the application – If you want to get the best results from your efforts in life, you need to focus your time accordingly. Why not structure the most important areas of your life so you can take full advantage of the Pareto Principle? Take relationships as an example.

Why are some couples happier than others? Well, it’s been said that the quality of our relationships is in direct proportion to the quality of our communication skills.  The people involved in those happy relationships have put forth effort into developing good communication skills. Now, there are a lot of things that contribute to a good relationship, but communication is an area with the leverage to upgrade everything else. If you put some extra effort there it will pay off big time.

Develop the needed life skills to multiply your results

I’m sure you understand that the better you are at what you do, the greater the results you’ll get from your efforts. But, here’s another important point that you might have overlooked.  When you’re really good at what you do, you can do much less and still get the same results.

Now I need to ask, why would you want to spend 40 hours a week earning a living if you could generate the same income in just 5 hours? Why spend months trying to work through a relationship problem if you can develop the life skills to do it in a day?

Leverage your results to create more free time

Would you rather spend your life struggling for every inch of progress or put your time and energy where it can do the most good? We all have “other things” we would like to do if we just had the time and money. The Pareto Principle is one of the life skills that can help you accomplish that.

Why not take the time to figure out which areas of your life really matter and which ones are just consuming your valuable time. Once you clearly understand the difference, then what? Use the  Pareto Principle and other productivity life skills to leverage your efforts in those areas.

Life is full of unnecessary busy work and distractions. How much better would your life be if you could spend less time doing what needs to be done and more time and energy doing the things that really matter to you?

What do you think of the Pareto Principle?
What life skills enable you to better leverage your efforts?
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