Maximizing The Pareto Principle -The Secret Strategy to Optimizing Every Area of Your Life
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About this ebook
written to explore how you can take advantage of the idea that 80 percent of the outcomes of things in life are products of 20 percent input. It discusses how you can leverage this phenomenon in every aspect of your life, including your career, marriage, interpe
Sensei Paul David
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Maximizing The Pareto Principle -The Secret Strategy to Optimizing Every Area of Your Life - Sensei Paul David
Chapter One:
The Pareto Principle
According to economist Vilfredo Pareto, 80% of the occurrences in life are due to 20% of the causes. This is known as the Pareto principle. You can leverage this principle to enhance your productivity in your career and interpersonal relationships. This chapter will explore this principle and its practical application.
Introduction To The Pareto Principle
Economist, Vilfredo Pareto, discovered that 80% of the land in Italy was owned by 20% of the population. In his further research, he observed that this pattern was replicated across Europe. The Pareto principle was derived from this observation of the uneven distribution of wealth. This is still true today and is even worse. According to PolitiFact, the wealth of the 400 wealthiest Americans is more than half of the wealth of all Americans combined! Things might not change any time soon because most of these people inherited their wealth and will still pass it on to their children and families, and so it will continue.
Inequality All-Around
In Dear God, rapper Dax aired his frustration when he stated that he could not understand why some people have over a hundred million dollars in their savings account, while there are people on the street who cannot even afford their daily meals. Indeed, the Pareto Principle is based on the alarming inequality in the world today. Yet, you can use it to your advantage when you understand its practical application. For example, it has been discovered that 20% of the employees of a company are usually responsible for 80% of its