The poor are poor, the rich are rich

Chapter 7 2Focus on the key minority and use the magic power of the [-]/[-] rule to create wealth
Chapter 22Focus on the key few and use the magic power of the [-]th rule to create wealth
The 80th rule is also called the 20:[-] rule.

In 1897, the Italian economist Pareto accidentally noticed the wealth and income patterns of the British in the 19th century in his economic research.

In the survey sampling, he not only found that most of the wealth flows to a few hands.He also discovered two things that he thought were very important.One is that there is a delicate imbalance between the percentage of a certain ethnic group's total population and the total income or wealth enjoyed by that ethnic group.

But what Pareto was really interested in was the discovery that this pattern of imbalance repeats, and that he has seen it in different times or countries.Whether it was early Britain or other countries, he found that the same pattern appeared again and again, and it showed a stable relationship mathematically.

Through research, Pareto concluded that if 20% of the people own 80% of the wealth, then it can be predicted that 10% of the people own about 65% of the wealth, and 50% of the wealth is owned by 5%. owned by people.What matters here is not percentages, but the fact that wealth is unevenly distributed across the population.Thus, the 80/20 rule became shorthand for this unbalanced relationship, whether or not the outcome happens to be [-]/[-].

Reasoning that a small cause, investment, and effort can often produce a large result, output, or reward.So, for all practical goals, 4/5 of our effort is most of the effort, with only a little bit to do with the outcome.Therefore, the 80/20 rule points out that there is an unbalanced relationship between cause and effect, input and output, effort and reward.The 80/20 rule provides a very good measure of this imbalance, that is, 80% of the output comes from 20% of the input; [-]% of the results are due to [-]% of the reasons; [-]% of the results are due to [-]% effort.

The [-]th rule is an important rule in the mall. It reveals the mystery behind wealth. Anyone who takes the [-]th rule seriously will gain useful knowledge from it, and sometimes even change their destiny. People who are good at thinking with the [-]th rule often It is easier to get rich.

If you find that you have achieved nothing so far, but hope to make a difference in the future, you might as well learn the 20-20 rule at this time, make "doing things and grasping the key" a daily habit, and concentrate on big things.Goethe said this: Don't let important things be influenced by details, find out the [-]%, and do the most important and valuable things.So, how do you find out the most important [-]%?

Divide the things you do into five categories, and you will know what the most important 20% are?
1. Urgent and very important

For example, your boss wants you to submit a report by 10:[-] tomorrow morning.Because it is urgent and important, it takes precedence over everything else.If delay was the cause of urgency, there is no longer any delay.These are jobs that must be done immediately.

2. Urgent but not important

This category is something that on the surface seems to require immediate action.But if we look at them objectively, we will put them as a secondary priority.

For example, a friend invites you out to dinner. They are good friends who have not seen each other in a long time.You might think it's a second priority, but with someone standing in front of you, waiting for your answer, you accept his request.Because you can't think of a way to politely decline.But in fact, such things can be placed in the second priority.

3. busy
A lot of work has little value, is neither urgent nor important, and we often do them before more important things because they distract you—they give you a sense of being engaged and accomplished, and We inadvertently waste our energy.

For example, a manager goes to his office on a Saturday morning to do something that he has been putting off doing.He decided to tidy up the things on his desk first. After tidying up, he thought, since he had tidied up the things on the table, he should also tidy up the drawers.He spent the morning rearranging drawers and files.But he didn't do what he set out to accomplish.

4. Waste time
For example, if we feel good after watching TV, then the time spent watching TV is well spent.But if afterwards we feel that the time spent watching TV is not as good as reading a good book.Then the time spent watching TV can be classified as "wasted".

(End of this chapter)