The 80/20 Rule: Maximizing Impact with Minimal Effort

00:00:47.731 --> 00:00:48.271In this video,00:00:48.290 --> 00:00:48.930I want to talk about00:00:49.070 --> 00:00:51.771maximizing impact with minimal effort.00:00:51.851 --> 00:00:52.531Isn't that what we're always00:00:52.551 --> 00:00:53.951looking for with the cheat00:00:54.012 --> 00:00:54.811codes for life?00:00:54.832 --> 00:00:55.972We're always looking for life hacks.00:00:56.792 --> 00:00:57.773This is a life hack that's00:00:57.813 --> 00:00:58.732not really a life hack.00:00:58.773 --> 00:01:00.552It's understanding this00:01:00.652 --> 00:01:02.734concept called the 80-20 rule.00:01:03.533 --> 00:01:04.974It's also known as the00:01:05.034 --> 00:01:07.254Pareto principle because of00:01:07.275 --> 00:01:08.974the guy who first observed it.00:01:09.015 --> 00:01:09.515So first,00:01:10.614 --> 00:01:11.694the idea is I want you to00:01:11.855 --> 00:01:13.436understand the 80-20 rule00:01:13.575 --> 00:01:14.256and how it can...00:01:15.168 --> 00:01:19.271change, help your work environment,00:01:19.852 --> 00:01:20.772your home life,00:01:21.171 --> 00:01:22.793and everything in between.00:01:23.112 --> 00:01:25.375How you exercise, how you do yard work,00:01:25.694 --> 00:01:26.694how you do your job,00:01:27.256 --> 00:01:28.637how you ration your time,00:01:28.837 --> 00:01:31.018which is your most valuable asset.00:01:31.718 --> 00:01:32.319And you're going to do it00:01:32.358 --> 00:01:33.799with this tool called the 80-20 rule.00:01:36.100 --> 00:01:38.302Once I saw how the 80-2000:01:38.402 --> 00:01:40.561rule applied to my life,00:01:40.841 --> 00:01:43.382I was able to... It's hard00:01:43.403 --> 00:01:44.602to put an exact number on it.00:01:44.623 --> 00:01:45.283I'm going to say I'm going00:01:45.403 --> 00:01:46.864to 10x my productivity.00:01:47.243 --> 00:01:48.504But I was able to feel...00:01:48.603 --> 00:01:49.123Maybe this is it.00:01:49.224 --> 00:01:50.724I was able to feel better00:01:51.265 --> 00:01:53.506about saying no to the00:01:53.626 --> 00:01:55.646things that did not help move the needle.00:01:56.286 --> 00:01:56.966So this is more of a00:01:57.027 --> 00:01:58.486paradigm and a concept that00:01:58.566 --> 00:01:59.927when you understand it,00:02:00.466 --> 00:02:01.987does feel like a cheat code.00:02:03.227 --> 00:02:03.626But really,00:02:03.667 --> 00:02:07.269it's a nugget of insight that00:02:07.310 --> 00:02:08.349leads to understanding that00:02:08.409 --> 00:02:09.371helps you make better00:02:09.531 --> 00:02:11.551decisions with your most valuable asset,00:02:11.951 --> 00:02:12.473your time.00:02:12.853 --> 00:02:14.394And again, it's called the 80-20 rule,00:02:14.813 --> 00:02:16.634also known as the Pareto Principle.00:02:16.975 --> 00:02:17.716It's called the Pareto00:02:17.735 --> 00:02:18.956Principle because it was00:02:19.016 --> 00:02:20.538originally observed by this guy,00:02:20.557 --> 00:02:21.698Vilfredo Pareto.00:02:21.998 --> 00:02:22.818I know, it rhymes.00:02:24.099 --> 00:02:24.659He noted that 80%...00:02:26.917 --> 00:02:28.899of Italy's wealth belonged00:02:29.038 --> 00:02:31.942to about 20% of the population,00:02:31.961 --> 00:02:33.14380-20 rule.00:02:34.123 --> 00:02:35.044And then he started doing00:02:35.085 --> 00:02:36.407the math and figuring out00:02:36.546 --> 00:02:38.348that this principle,00:02:38.389 --> 00:02:40.991this ratio of 80-20 applied00:02:41.632 --> 00:02:43.653across a bunch of different spectrums,00:02:44.093 --> 00:02:46.717not just wealth holding in a country,00:02:47.836 --> 00:02:48.456Where I think it's00:02:48.497 --> 00:02:49.677applicable to people like00:02:49.777 --> 00:02:52.961you and to me is in00:02:53.200 --> 00:02:55.582budgeting our time or our effort,00:02:55.883 --> 00:02:58.525the things we say yes and say no to.00:02:59.366 --> 00:03:01.927So this really is a universal principle.00:03:02.088 --> 00:03:03.150It's nice to know,00:03:03.810 --> 00:03:05.151but it's need to know once00:03:05.191 --> 00:03:07.272you figure out how to begin applying it.00:03:07.332 --> 00:03:08.093So let's figure that out.00:03:10.359 --> 00:03:11.400In terms of healthcare,00:03:11.659 --> 00:03:12.919maybe with physical therapists,00:03:13.621 --> 00:03:14.260it would be able to be00:03:14.300 --> 00:03:17.802applied to say 20% of our00:03:17.883 --> 00:03:19.824interventions actually00:03:19.883 --> 00:03:22.445bring 80% of our results.00:03:22.866 --> 00:03:23.766And I'm no math guy,00:03:24.127 --> 00:03:25.548but that leaves exactly the00:03:25.728 --> 00:03:27.348opposite left over,00:03:27.489 --> 00:03:29.449which means that 80% of our efforts,00:03:29.449 --> 00:03:31.43180% of our exercise or our00:03:31.491 --> 00:03:33.372interventions only bring00:03:33.451 --> 00:03:35.752about 20% of our results.00:03:35.993 --> 00:03:37.974Now, if you're still with me, that...00:03:38.715 --> 00:03:39.854this is a principle that can00:03:39.895 --> 00:03:42.316be applied across not just wealth,00:03:42.817 --> 00:03:44.116but in terms of time and00:03:44.257 --> 00:03:45.298effort and results,00:03:46.397 --> 00:03:49.519we wind up chasing the shiny object,00:03:49.739 --> 00:03:51.240the big shiny thing at the moment.00:03:51.379 --> 00:03:56.042We wind up chasing the 80%00:03:56.042 --> 00:03:57.081of the things that we do00:03:58.022 --> 00:03:59.443that only bring about 20% of our results.00:04:01.929 --> 00:04:02.748So the idea is,00:04:03.368 --> 00:04:06.349can we identify the 20% of00:04:06.370 --> 00:04:07.570the things that we do that00:04:07.950 --> 00:04:10.711bring about the 80% of the results?00:04:10.972 --> 00:04:12.192Because once you do this,00:04:12.693 --> 00:04:14.332you can focus more of your00:04:14.353 --> 00:04:16.593time on those 20% things,00:04:17.374 --> 00:04:18.494and you can feel good about00:04:18.574 --> 00:04:20.894saying no to the things00:04:21.115 --> 00:04:23.115that don't bring about the results,00:04:23.216 --> 00:04:24.396that don't move the needle,00:04:25.036 --> 00:04:25.916that the lever that you're00:04:25.937 --> 00:04:27.357pulling isn't actually00:04:27.437 --> 00:04:28.937getting the results downstream.00:04:31.343 --> 00:04:32.163What I think you need to do00:04:32.244 --> 00:04:34.045is identify what tasks or00:04:34.185 --> 00:04:35.766inputs are most productive.00:04:35.805 --> 00:04:37.526This is where the data nerds00:04:37.586 --> 00:04:39.307out there can get data nerdy.00:04:40.428 --> 00:04:42.209You need to identify what00:04:42.410 --> 00:04:43.670things in your life,00:04:44.572 --> 00:04:45.853what things in your practice,00:04:45.892 --> 00:04:47.134what things in your business,00:04:47.173 --> 00:04:47.793what things in your00:04:47.913 --> 00:04:50.276exercise routine are00:04:50.336 --> 00:04:51.036amongst the 20% that give00:04:51.055 --> 00:04:51.596you the 80% results.00:04:51.617 --> 00:04:52.276And I say...00:04:56.154 --> 00:04:58.536double, triple, quadruple,00:04:58.636 --> 00:05:00.497or more down on those things.00:05:00.838 --> 00:05:02.557So you're doing the high00:05:02.637 --> 00:05:06.060return on investment operations,00:05:06.480 --> 00:05:08.541the high return on investment exercises,00:05:08.581 --> 00:05:09.281the high return on00:05:09.322 --> 00:05:10.783investment interventions.00:05:11.362 --> 00:05:11.663And again,00:05:11.682 --> 00:05:13.124this principle is universally00:05:13.163 --> 00:05:15.425applied across all domains.00:05:18.567 --> 00:05:19.528Could you identify which00:05:19.588 --> 00:05:21.028patients or treatments or00:05:21.168 --> 00:05:23.810tasks yield the best outcomes?00:05:25.406 --> 00:05:28.350Can you figure out how to spend,00:05:28.370 --> 00:05:31.055how to best spend 20% of00:05:31.074 --> 00:05:32.336your financial resources00:05:32.437 --> 00:05:33.317that actually wind up00:05:33.358 --> 00:05:36.322getting you 80% of your results?00:05:36.641 --> 00:05:39.086I think you can, and I think you need to.00:05:40.560 --> 00:05:41.680And I know this goes into a00:05:41.899 --> 00:05:44.761psychological feeling, an emotional need.00:05:44.781 --> 00:05:47.721The busier we are, the better we are.00:05:48.322 --> 00:05:49.021Talk to anybody,00:05:49.101 --> 00:05:50.341especially around the end of the year.00:05:50.502 --> 00:05:51.442Oh, just so busy.00:05:51.901 --> 00:05:53.062Once it gets past the holidays,00:05:53.723 --> 00:05:55.062I'll really be able to00:05:55.103 --> 00:05:56.122devote more time and effort.00:05:56.322 --> 00:05:57.504That never actually comes.00:05:57.983 --> 00:05:59.863Someday is code for never.00:06:01.483 --> 00:06:05.264So I'm asking you to do an00:06:05.404 --> 00:06:08.305audit of the things that you do.00:06:09.726 --> 00:06:10.708On the left side of the00:06:10.807 --> 00:06:12.649audit are the things that you do,00:06:12.829 --> 00:06:16.973financially, work-wise, life, exercise,00:06:17.153 --> 00:06:17.853anything that you do.00:06:19.576 --> 00:06:20.757And on the right, the outcomes,00:06:20.997 --> 00:06:22.117how much you get out of it.00:06:22.257 --> 00:06:24.339Not all of it is going to be00:06:24.379 --> 00:06:25.740strictly financial or00:06:25.821 --> 00:06:27.081productivity or output.00:06:27.663 --> 00:06:28.302Some of those things are00:06:28.322 --> 00:06:29.144going to be emotional.00:06:30.345 --> 00:06:31.766Well, I notice when I spend 5% more time00:06:33.665 --> 00:06:35.627doing the activities I love with my family,00:06:35.706 --> 00:06:36.887I get so much more.00:06:37.288 --> 00:06:38.168Then that is something you00:06:38.208 --> 00:06:38.927need to invest on.00:06:39.369 --> 00:06:39.949But remember,00:06:41.689 --> 00:06:44.031every time you say yes to doing something,00:06:44.230 --> 00:06:45.692you have to be saying no to00:06:45.732 --> 00:06:48.153doing something else.00:06:48.173 --> 00:06:49.69280-20 principle.00:06:51.293 --> 00:06:52.595This goes into time management.00:06:54.755 --> 00:06:56.175You only have a finite00:06:56.255 --> 00:06:57.357amount of time each week.00:06:59.658 --> 00:07:01.160You can use the 80-20 rule00:07:01.220 --> 00:07:03.519and apply it to manage your schedule.00:07:04.161 --> 00:07:05.761Why are you doing the things00:07:07.021 --> 00:07:07.922that are not bringing you00:07:07.961 --> 00:07:09.021the results that you want?00:07:09.562 --> 00:07:11.302Could you have those tasks00:07:11.463 --> 00:07:14.024completed by someone else?00:07:14.124 --> 00:07:15.543Could you automate something00:07:15.685 --> 00:07:18.886so you can do the 20% that00:07:18.925 --> 00:07:20.326maybe only you can do in00:07:20.365 --> 00:07:22.206your organization that00:07:22.307 --> 00:07:23.906helps to yield the 80% results?00:07:27.983 --> 00:07:30.084The 80-20 rule helped me not00:07:30.204 --> 00:07:31.545only with time management,00:07:33.247 --> 00:07:36.629not only with task delegation, but also,00:07:36.889 --> 00:07:39.050big picture, goal setting.00:07:40.411 --> 00:07:41.471Again, it feels really,00:07:41.531 --> 00:07:43.492really safe and warm and00:07:43.632 --> 00:07:45.374fuzzy to feel busy.00:07:45.514 --> 00:07:46.415Look how busy I am.00:07:46.435 --> 00:07:48.196Look how jam-packed my schedule is.00:07:49.141 --> 00:07:51.463eventually there's an inverse proportion.00:07:52.163 --> 00:07:53.285The busier you are,00:07:53.764 --> 00:07:55.005the more stuff going on,00:07:55.125 --> 00:07:56.406the less effective you are00:07:56.447 --> 00:07:58.127at doing those things.00:07:59.749 --> 00:08:00.990So what can you get rid of?00:08:01.029 --> 00:08:02.130This is also known as00:08:02.690 --> 00:08:04.132addition by subtraction.00:08:05.653 --> 00:08:07.593You're adding to your output.00:08:07.653 --> 00:08:08.875You're adding to your happiness.00:08:08.894 --> 00:08:10.276You're adding to your bottom line.00:08:12.057 --> 00:08:13.038Whatever's important to you,00:08:13.077 --> 00:08:14.639you're adding to it by00:08:14.759 --> 00:08:16.100actually doing less.00:08:18.410 --> 00:08:19.370but it's the right less.00:08:21.353 --> 00:08:22.394Get rid of the part of the00:08:22.394 --> 00:08:23.67580% of the thing that00:08:23.694 --> 00:08:24.415you're doing that's only00:08:24.454 --> 00:08:25.817bringing 20% of your results.00:08:25.896 --> 00:08:28.759I want you to focus on that00:08:28.759 --> 00:08:30.07920% of your tasks,00:08:30.079 --> 00:08:31.56220% of the things that are00:08:31.601 --> 00:08:32.663bringing you the opposite,00:08:32.682 --> 00:08:34.783the 80% results in your business,00:08:35.264 --> 00:08:38.408in your personal life, in your education,00:08:39.635 --> 00:08:40.576in your personal health,00:08:41.297 --> 00:08:43.557the 80-20 rule is a great00:08:43.618 --> 00:08:45.078starting point because it00:08:45.139 --> 00:08:49.140works in the micro and the macro.00:08:49.980 --> 00:08:51.802So when I applied this to time management,00:08:51.881 --> 00:08:54.342my schedule got a little bit lighter,00:08:55.224 --> 00:08:56.043but I'm doing less.00:08:56.063 --> 00:08:57.465It doesn't feel good.00:08:58.725 --> 00:08:59.666I was doing less,00:09:00.687 --> 00:09:02.427but I was doing the00:09:02.486 --> 00:09:03.827remainder was the right less.00:09:05.448 --> 00:09:06.549When I set goals,00:09:07.190 --> 00:09:09.250setting 15 goals was too much.00:09:10.990 --> 00:09:11.791Setting 15 goals,00:09:11.811 --> 00:09:12.530I'm not actually really00:09:12.591 --> 00:09:13.292hitting any of them.00:09:14.731 --> 00:09:17.033I'm not multitasking, I was multi-doing.00:09:18.774 --> 00:09:21.557So when I figured out the right goals,00:09:21.797 --> 00:09:23.857the right milestones that00:09:23.898 --> 00:09:24.879will put me where I want to00:09:24.918 --> 00:09:26.600be in three or five or 10 years,00:09:29.022 --> 00:09:30.802it was easier to see when I00:09:30.842 --> 00:09:32.063applied the 80-20 rule00:09:32.144 --> 00:09:33.445which ones were nice to00:09:33.504 --> 00:09:35.265have that I could ignore.00:09:36.177 --> 00:09:37.519and which ones were need to have,00:09:37.759 --> 00:09:39.019which ones I had to do.00:09:39.519 --> 00:09:40.759A good exercise for this is00:09:40.779 --> 00:09:42.460write down 10 goals that00:09:42.519 --> 00:09:44.360you have personally, professionally.00:09:45.481 --> 00:09:46.322Write down 10 of them.00:09:49.722 --> 00:09:50.744Once you hit 10,00:09:50.744 --> 00:09:53.625I want you to cross off seven of them.00:09:54.725 --> 00:09:55.264Cross them out.00:09:56.485 --> 00:09:57.005But I wanted the 10.00:09:57.446 --> 00:09:57.946Doesn't matter.00:09:59.287 --> 00:10:00.126Cross out seven.00:10:00.226 --> 00:10:01.447The three you have remaining,00:10:01.888 --> 00:10:03.067stare at them, study them,00:10:03.327 --> 00:10:04.408really take stock in them.00:10:05.219 --> 00:10:06.219Pay attention to those three00:10:06.239 --> 00:10:09.200that remain out of the 10.00:10:09.200 --> 00:10:11.620Of those three, I want you to circle one.00:10:12.721 --> 00:10:13.500Just one goal.00:10:14.441 --> 00:10:17.682Sometimes I call it a BHAG, big, hairy,00:10:17.841 --> 00:10:18.562audacious goal.00:10:18.621 --> 00:10:19.361What's the goal?00:10:19.442 --> 00:10:20.523What's your North Star?00:10:22.263 --> 00:10:24.244From 10 down to three,00:10:24.884 --> 00:10:26.063now you've circled one.00:10:26.384 --> 00:10:26.984Here's the rule.00:10:28.043 --> 00:10:28.945You've got to work on the00:10:29.085 --> 00:10:29.965one that you circled.00:10:32.139 --> 00:10:33.840Until it is complete,00:10:34.220 --> 00:10:36.600this is where I was very, very guilty.00:10:38.520 --> 00:10:39.240I would just try to work on00:10:39.260 --> 00:10:41.182all 10 simultaneously,00:10:41.642 --> 00:10:42.701like the guy at the circus00:10:42.741 --> 00:10:44.062who spins plates and keeps00:10:44.102 --> 00:10:45.442moving from plate to plate to plate,00:10:45.462 --> 00:10:46.562just hoping they don't crash.00:10:47.583 --> 00:10:49.024Not effective, but I felt good.00:10:49.043 --> 00:10:49.703I felt busy.00:10:50.245 --> 00:10:52.524That's me focusing on the 80%,00:10:52.524 --> 00:10:54.725and then I'm sort of getting 20% result.00:10:55.806 --> 00:10:56.787By applying this principle,00:10:56.826 --> 00:10:57.807I was able to flip that over.00:10:58.547 --> 00:11:00.187And a good tangible exercise,00:11:00.368 --> 00:11:01.489write down 10,00:11:01.489 --> 00:11:03.471cross out seven of the three that remain,00:11:03.630 --> 00:11:04.171circle one.00:11:05.072 --> 00:11:07.193That one left is the one you00:11:07.394 --> 00:11:08.634have to work on to00:11:08.674 --> 00:11:12.336completion before you move00:11:12.398 --> 00:11:13.118on to the next one.00:11:15.340 --> 00:11:17.061Are you multitasking or are00:11:17.081 --> 00:11:17.922you multi-doing?00:11:18.522 --> 00:11:20.023There are studies that over00:11:20.062 --> 00:11:21.604and over prove that we are00:11:21.745 --> 00:11:22.504actually not great at00:11:22.524 --> 00:11:23.466multitasking at all.00:11:24.378 --> 00:11:25.317We can do a whole lot of00:11:25.357 --> 00:11:26.738things at the same time,00:11:27.058 --> 00:11:28.038but we're not doing any of00:11:28.058 --> 00:11:29.099them particularly well.00:11:30.019 --> 00:11:31.938And the 80-20 rule allows00:11:31.958 --> 00:11:33.519you to focus on the things00:11:33.759 --> 00:11:35.919that are of biggest impact.00:11:37.120 --> 00:11:41.721For every one thing in the 20%,00:11:41.721 --> 00:11:43.061you're able to maximize the00:11:43.100 --> 00:11:43.961return on investment.00:11:45.182 --> 00:11:47.422And that is in accordance to your time,00:11:47.662 --> 00:11:49.043your effort, your money.00:11:50.043 --> 00:11:51.643Those things are finite.00:11:53.583 --> 00:11:54.823I want to understand if this00:11:55.124 --> 00:11:56.105type of episode,00:11:56.144 --> 00:11:57.304this type of short episode00:11:57.325 --> 00:11:59.686is something you get value from.00:11:59.785 --> 00:12:01.125If it is, drop a comment below.00:12:02.166 --> 00:12:02.567If it is,00:12:02.787 --> 00:12:04.846hit us with a DM on social media00:12:05.126 --> 00:12:06.168at ptpinecast.00:12:06.847 --> 00:12:08.107If you have questions about00:12:08.148 --> 00:12:08.788it or want to have a00:12:08.847 --> 00:12:09.808conversation about it,00:12:10.208 --> 00:12:10.928hit me with a message.00:12:12.267 --> 00:12:14.347This to me was one of the00:12:14.408 --> 00:12:16.308biggest game changers,00:12:16.369 --> 00:12:17.269which is sort of a phrase00:12:17.289 --> 00:12:18.450that gets overused a lot,00:12:18.850 --> 00:12:20.051but it's more of a mindset.00:12:20.250 --> 00:12:21.731It's something I apply00:12:22.032 --> 00:12:25.192across decisions that I make with my time,00:12:25.374 --> 00:12:26.453my effort, and my money.00:12:26.734 --> 00:12:29.875The 80-20 rule applies and00:12:29.936 --> 00:12:32.777is very useful in learning00:12:32.797 --> 00:12:33.717what to say yes to,00:12:35.768 --> 00:12:36.768And also in my life,00:12:37.048 --> 00:12:38.548learning what to say no to,00:12:38.969 --> 00:12:39.629which I don't know if I00:12:39.688 --> 00:12:41.629ever learned a lesson on00:12:41.870 --> 00:12:43.149how to say no or when to00:12:43.210 --> 00:12:44.071say no to something.00:12:44.850 --> 00:12:46.370I did hear a great talk a few years ago,00:12:46.410 --> 00:12:47.491and the bottom line was,00:12:47.532 --> 00:12:49.511if it's not a hell yes, it's a no.00:12:51.452 --> 00:12:52.513But when someone asks or00:12:52.533 --> 00:12:53.594you're given an opportunity,00:12:54.114 --> 00:12:55.995people always also say, well,00:12:56.014 --> 00:12:57.495just say yes, figure it out later.00:12:58.695 --> 00:13:00.936I can go back and forth with these things,00:13:00.975 --> 00:13:01.615but when I look at00:13:02.196 --> 00:13:03.557decisions and how to make them,00:13:05.659 --> 00:13:06.820I get better results when I00:13:06.840 --> 00:13:09.421apply the 80-20 rule to decision making.00:13:09.780 --> 00:13:10.981This is a simple concept.00:13:11.461 --> 00:13:12.221This is not easy.00:13:12.241 --> 00:13:13.461I'm going to say that again.00:13:14.523 --> 00:13:17.943This is a simple concept, but not easy.00:13:18.203 --> 00:13:21.085It gets easier the more often you do it,00:13:21.325 --> 00:13:22.304like most things in life.00:13:22.404 --> 00:13:24.485That's why I started this by00:13:24.546 --> 00:13:26.025saying this feels like a life hack.00:13:26.086 --> 00:13:27.326It feels like a shortcut.00:13:27.407 --> 00:13:27.966It's not.00:13:29.124 --> 00:13:30.125But like anything else,00:13:30.264 --> 00:13:32.466this is learning a skill of00:13:32.748 --> 00:13:34.809what to say yes to, what to say no to,00:13:35.269 --> 00:13:37.272when to say yes, when to say no,00:13:37.793 --> 00:13:40.254and applying the 80-20 rule to time,00:13:40.416 --> 00:13:41.255effort, and money00:13:42.589 --> 00:13:43.048is a really,00:13:43.068 --> 00:13:44.389really great way to be able to00:13:45.029 --> 00:13:47.491get to a right decision,00:13:47.692 --> 00:13:50.113not necessarily the right decision,00:13:50.153 --> 00:13:53.274but a right decision for you.00:13:53.413 --> 00:13:53.875And it's going to be00:13:53.894 --> 00:13:54.615different for everybody.00:13:55.095 --> 00:13:56.836What is right or good for me00:13:57.375 --> 00:13:58.876is not going to be right or good for you.00:13:59.197 --> 00:14:00.337So the 80-20 rule,00:14:00.357 --> 00:14:03.259I want to thank Vilfredo00:14:03.318 --> 00:14:05.860Pareto of Italy for00:14:05.941 --> 00:14:07.260introducing this concept to00:14:07.301 --> 00:14:09.643not only personal wealth in Italy,00:14:11.259 --> 00:14:13.402But seeing that this 80-2000:14:13.721 --> 00:14:16.625ratio applies across a lot of paradigms.00:14:16.705 --> 00:14:18.846Your time, your effort, and your money.00:14:19.687 --> 00:14:20.488Let me know if this was helpful.00:14:29.535 --> 00:14:30.416I did that whole thing and00:14:30.436 --> 00:14:31.157the camera came out.00:14:31.797 --> 00:14:32.138Awesome.00:14:35.059 --> 00:14:35.821Fucking kidding me.00:14:42.005 --> 00:14:43.927I mean, I guess I could just be pissed off,00:14:44.267 --> 00:14:47.249Drew, and just say I'll do it later,00:14:47.308 --> 00:14:47.788but I won't.00:14:50.291 --> 00:14:51.711Fuck, I gotta do that whole thing again?00:14:51.731 --> 00:14:55.774All right, fuck it,00:14:55.793 --> 00:14:56.573I'll do the whole thing again.00:14:56.833 --> 00:14:57.914Just give me a second to re-rack.00:15:15.657 --> 00:15:16.004Dammit.