Understanding The 80/20 Rule Will Change Your Results Straight Away
First of all, the 80/20 rule is not about economics or maths (even though it may sound like it), so let's get that straight from the start! However, this rule does apply to your life (and everyone else's life) so it's very important that you are aware of it and can start manipulating it for your own benefit (in the way you study or in any other field you choose).
The 80/20 rule (developed by Vilfredo Pareto) states that 80% of what we achieve is a direct result of 20% of the actions we take (it also applies to many other areas but they are not the focus of this article). In plain English, this means that only a very small amount of the actions we take each day create most of what we achieve (or don't achieve). The ratio does not have to be 80/20 - it may even be as high as 99/1 - but the point is simply that your major results (your 80%) are actually being dictated by a minority of your actions (your 20%).
This rule applies to more than just our "actions"; it actually applies to everything (according to Pareto). So let's have a look at some very straightforward examples to help demonstrate this. I'm willing to bet that you spend 80% or more of your social time with 20% or less of the people you know (friends, family, acquaintances). What about 80% or more of the time you spend online is on 20% or less of all the websites you've ever visited? What about 80% or more of the phone calls you make are to 20% or less of all the contacts in your phone? Seriously, you can apply it to anything.
The first major thing to take away from the 80/20 rule is to understand that there is no point focusing on the 80% of things you do each day that are creating only 20% of your results. You need to do the opposite! Forget the 80% that is impacting 20% of your results, you want to focus only on the 20% that is impacting 80% of your results! Are you following? Clear as mud?
Quite clearly, there is no reason to focus any time or energy on anything other than the 20% that is creating 80% of your results. If you want to get the biggest bang for your buck, you need to focus on any areas that create maximum outcomes (you wouldn't do the opposite because that would be crazy!) However, I can still hear you asking - "but what are my 20% areas? What small things do I need to change that will create the biggest results for me?"
So which small areas are having the biggest impact on your results? Unfortunately it could be many things. For example, time management and a lack of organization are often cited as key problems. But for the point of this article let's focus on three areas that are most often cited as problematic (and are definitely 20% areas!)
Your habits are a key 20% area. Your habits dictate your thoughts and your actions. Bad habits lead to bad results. Good habits lead to good results. It really is that simple! If you have gotten yourself into poor habits then unfortunately you will get poor results. The good news is that by identifying the bad habits and then changing them you can completely transform your outcomes. Small area, massive impact!
The next most cited problem is motivation levels. With a lack of motivation comes a lack of action. So if you can't find a way to feel motivated it will have a significantly negative impact on your results. We all know how much we get done when we have no motivation - nothing! So again we can see that one small area (motivation) is greatly impacting on a big area (your results).
Your memory recall ability has a huge impact on your results. Many tests and exams don't only test knowledge; they also strongly test your memory recall. Unfortunately, not many students are taught how to recall information. Nonetheless, if your memory recall ability is legendary then you will transform your results! I'm sure we can agree on that. SO again, we see that one area (your 20%) is having a significant impact on your level of achievement (your 80%).
Everyone (including you) has several small areas that are impacting the majority of their results. The most important thing for you to do is to identify what your areas are. Once you know what they are, focus hard on changing them because it is going to quickly improve your results and help you get better grades. Remember, you only need to change 2 or 3 areas in order to change your entire life so there really are no excuses. Good luck!
The 80/20 rule (developed by Vilfredo Pareto) states that 80% of what we achieve is a direct result of 20% of the actions we take (it also applies to many other areas but they are not the focus of this article). In plain English, this means that only a very small amount of the actions we take each day create most of what we achieve (or don't achieve). The ratio does not have to be 80/20 - it may even be as high as 99/1 - but the point is simply that your major results (your 80%) are actually being dictated by a minority of your actions (your 20%).
This rule applies to more than just our "actions"; it actually applies to everything (according to Pareto). So let's have a look at some very straightforward examples to help demonstrate this. I'm willing to bet that you spend 80% or more of your social time with 20% or less of the people you know (friends, family, acquaintances). What about 80% or more of the time you spend online is on 20% or less of all the websites you've ever visited? What about 80% or more of the phone calls you make are to 20% or less of all the contacts in your phone? Seriously, you can apply it to anything.
The first major thing to take away from the 80/20 rule is to understand that there is no point focusing on the 80% of things you do each day that are creating only 20% of your results. You need to do the opposite! Forget the 80% that is impacting 20% of your results, you want to focus only on the 20% that is impacting 80% of your results! Are you following? Clear as mud?
Quite clearly, there is no reason to focus any time or energy on anything other than the 20% that is creating 80% of your results. If you want to get the biggest bang for your buck, you need to focus on any areas that create maximum outcomes (you wouldn't do the opposite because that would be crazy!) However, I can still hear you asking - "but what are my 20% areas? What small things do I need to change that will create the biggest results for me?"
So which small areas are having the biggest impact on your results? Unfortunately it could be many things. For example, time management and a lack of organization are often cited as key problems. But for the point of this article let's focus on three areas that are most often cited as problematic (and are definitely 20% areas!)
Your habits are a key 20% area. Your habits dictate your thoughts and your actions. Bad habits lead to bad results. Good habits lead to good results. It really is that simple! If you have gotten yourself into poor habits then unfortunately you will get poor results. The good news is that by identifying the bad habits and then changing them you can completely transform your outcomes. Small area, massive impact!
The next most cited problem is motivation levels. With a lack of motivation comes a lack of action. So if you can't find a way to feel motivated it will have a significantly negative impact on your results. We all know how much we get done when we have no motivation - nothing! So again we can see that one small area (motivation) is greatly impacting on a big area (your results).
Your memory recall ability has a huge impact on your results. Many tests and exams don't only test knowledge; they also strongly test your memory recall. Unfortunately, not many students are taught how to recall information. Nonetheless, if your memory recall ability is legendary then you will transform your results! I'm sure we can agree on that. SO again, we see that one area (your 20%) is having a significant impact on your level of achievement (your 80%).
Everyone (including you) has several small areas that are impacting the majority of their results. The most important thing for you to do is to identify what your areas are. Once you know what they are, focus hard on changing them because it is going to quickly improve your results and help you get better grades. Remember, you only need to change 2 or 3 areas in order to change your entire life so there really are no excuses. Good luck!
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