The 80/20 Rule: Maximizing Impact with Minimal Effort

00:00:47.731 --> 00:00:48.271 In this video, 00:00:48.290 --> 00:00:48.930 I want to talk about 00:00:49.070 --> 00:00:51.771 maximizing impact with minimal effort. 00:00:51.851 --> 00:00:52.531 Isn't that what we're always 00:00:52.551 --> 00:00:53.951 looking for with the cheat 00:00:54.012 --> 00:00:54.811 codes for life? 00:00:54.832 --> 00:00:55.972 We're always looking for life hacks. 00:00:56.792 --> 00:00:57.773 This is a life hack that's 00:00:57.813 --> 00:00:58.732 not really a life hack. 00:00:58.773 --> 00:01:00.552 It's understanding this 00:01:00.652 --> 00:01:02.734 concept called the 80-20 rule. 00:01:03.533 --> 00:01:04.974 It's also known as the 00:01:05.034 --> 00:01:07.254 Pareto principle because of 00:01:07.275 --> 00:01:08.974 the guy who first observed it. 00:01:09.015 --> 00:01:09.515 So first, 00:01:10.614 --> 00:01:11.694 the idea is I want you to 00:01:11.855 --> 00:01:13.436 understand the 80-20 rule 00:01:13.575 --> 00:01:14.256 and how it can... 00:01:15.168 --> 00:01:19.271 change, help your work environment, 00:01:19.852 --> 00:01:20.772 your home life, 00:01:21.171 --> 00:01:22.793 and everything in between. 00:01:23.112 --> 00:01:25.375 How you exercise, how you do yard work, 00:01:25.694 --> 00:01:26.694 how you do your job, 00:01:27.256 --> 00:01:28.637 how you ration your time, 00:01:28.837 --> 00:01:31.018 which is your most valuable asset. 00:01:31.718 --> 00:01:32.319 And you're going to do it 00:01:32.358 --> 00:01:33.799 with this tool called the 80-20 rule. 00:01:36.100 --> 00:01:38.302 Once I saw how the 80-20 00:01:38.402 --> 00:01:40.561 rule applied to my life, 00:01:40.841 --> 00:01:43.382 I was able to... It's hard 00:01:43.403 --> 00:01:44.602 to put an exact number on it. 00:01:44.623 --> 00:01:45.283 I'm going to say I'm going 00:01:45.403 --> 00:01:46.864 to 10x my productivity. 00:01:47.243 --> 00:01:48.504 But I was able to feel... 00:01:48.603 --> 00:01:49.123 Maybe this is it. 00:01:49.224 --> 00:01:50.724 I was able to feel better 00:01:51.265 --> 00:01:53.506 about saying no to the 00:01:53.626 --> 00:01:55.646 things that did not help move the needle. 00:01:56.286 --> 00:01:56.966 So this is more of a 00:01:57.027 --> 00:01:58.486 paradigm and a concept that 00:01:58.566 --> 00:01:59.927 when you understand it, 00:02:00.466 --> 00:02:01.987 does feel like a cheat code. 00:02:03.227 --> 00:02:03.626 But really, 00:02:03.667 --> 00:02:07.269 it's a nugget of insight that 00:02:07.310 --> 00:02:08.349 leads to understanding that 00:02:08.409 --> 00:02:09.371 helps you make better 00:02:09.531 --> 00:02:11.551 decisions with your most valuable asset, 00:02:11.951 --> 00:02:12.473 your time. 00:02:12.853 --> 00:02:14.394 And again, it's called the 80-20 rule, 00:02:14.813 --> 00:02:16.634 also known as the Pareto Principle. 00:02:16.975 --> 00:02:17.716 It's called the Pareto 00:02:17.735 --> 00:02:18.956 Principle because it was 00:02:19.016 --> 00:02:20.538 originally observed by this guy, 00:02:20.557 --> 00:02:21.698 Vilfredo Pareto. 00:02:21.998 --> 00:02:22.818 I know, it rhymes. 00:02:24.099 --> 00:02:24.659 He noted that 80%... 00:02:26.917 --> 00:02:28.899 of Italy's wealth belonged 00:02:29.038 --> 00:02:31.942 to about 20% of the population, 00:02:31.961 --> 00:02:33.143 80-20 rule. 00:02:34.123 --> 00:02:35.044 And then he started doing 00:02:35.085 --> 00:02:36.407 the math and figuring out 00:02:36.546 --> 00:02:38.348 that this principle, 00:02:38.389 --> 00:02:40.991 this ratio of 80-20 applied 00:02:41.632 --> 00:02:43.653 across a bunch of different spectrums, 00:02:44.093 --> 00:02:46.717 not just wealth holding in a country, 00:02:47.836 --> 00:02:48.456 Where I think it's 00:02:48.497 --> 00:02:49.677 applicable to people like 00:02:49.777 --> 00:02:52.961 you and to me is in 00:02:53.200 --> 00:02:55.582 budgeting our time or our effort, 00:02:55.883 --> 00:02:58.525 the things we say yes and say no to. 00:02:59.366 --> 00:03:01.927 So this really is a universal principle. 00:03:02.088 --> 00:03:03.150 It's nice to know, 00:03:03.810 --> 00:03:05.151 but it's need to know once 00:03:05.191 --> 00:03:07.272 you figure out how to begin applying it. 00:03:07.332 --> 00:03:08.093 So let's figure that out. 00:03:10.359 --> 00:03:11.400 In terms of healthcare, 00:03:11.659 --> 00:03:12.919 maybe with physical therapists, 00:03:13.621 --> 00:03:14.260 it would be able to be 00:03:14.300 --> 00:03:17.802 applied to say 20% of our 00:03:17.883 --> 00:03:19.824 interventions actually 00:03:19.883 --> 00:03:22.445 bring 80% of our results. 00:03:22.866 --> 00:03:23.766 And I'm no math guy, 00:03:24.127 --> 00:03:25.548 but that leaves exactly the 00:03:25.728 --> 00:03:27.348 opposite left over, 00:03:27.489 --> 00:03:29.449 which means that 80% of our efforts, 00:03:29.449 --> 00:03:31.431 80% of our exercise or our 00:03:31.491 --> 00:03:33.372 interventions only bring 00:03:33.451 --> 00:03:35.752 about 20% of our results. 00:03:35.993 --> 00:03:37.974 Now, if you're still with me, that... 00:03:38.715 --> 00:03:39.854 this is a principle that can 00:03:39.895 --> 00:03:42.316 be applied across not just wealth, 00:03:42.817 --> 00:03:44.116 but in terms of time and 00:03:44.257 --> 00:03:45.298 effort and results, 00:03:46.397 --> 00:03:49.519 we wind up chasing the shiny object, 00:03:49.739 --> 00:03:51.240 the big shiny thing at the moment. 00:03:51.379 --> 00:03:56.042 We wind up chasing the 80% 00:03:56.042 --> 00:03:57.081 of the things that we do 00:03:58.022 --> 00:03:59.443 that only bring about 20% of our results. 00:04:01.929 --> 00:04:02.748 So the idea is, 00:04:03.368 --> 00:04:06.349 can we identify the 20% of 00:04:06.370 --> 00:04:07.570 the things that we do that 00:04:07.950 --> 00:04:10.711 bring about the 80% of the results? 00:04:10.972 --> 00:04:12.192 Because once you do this, 00:04:12.693 --> 00:04:14.332 you can focus more of your 00:04:14.353 --> 00:04:16.593 time on those 20% things, 00:04:17.374 --> 00:04:18.494 and you can feel good about 00:04:18.574 --> 00:04:20.894 saying no to the things 00:04:21.115 --> 00:04:23.115 that don't bring about the results, 00:04:23.216 --> 00:04:24.396 that don't move the needle, 00:04:25.036 --> 00:04:25.916 that the lever that you're 00:04:25.937 --> 00:04:27.357 pulling isn't actually 00:04:27.437 --> 00:04:28.937 getting the results downstream. 00:04:31.343 --> 00:04:32.163 What I think you need to do 00:04:32.244 --> 00:04:34.045 is identify what tasks or 00:04:34.185 --> 00:04:35.766 inputs are most productive. 00:04:35.805 --> 00:04:37.526 This is where the data nerds 00:04:37.586 --> 00:04:39.307 out there can get data nerdy. 00:04:40.428 --> 00:04:42.209 You need to identify what 00:04:42.410 --> 00:04:43.670 things in your life, 00:04:44.572 --> 00:04:45.853 what things in your practice, 00:04:45.892 --> 00:04:47.134 what things in your business, 00:04:47.173 --> 00:04:47.793 what things in your 00:04:47.913 --> 00:04:50.276 exercise routine are 00:04:50.336 --> 00:04:51.036 amongst the 20% that give 00:04:51.055 --> 00:04:51.596 you the 80% results. 00:04:51.617 --> 00:04:52.276 And I say... 00:04:56.154 --> 00:04:58.536 double, triple, quadruple, 00:04:58.636 --> 00:05:00.497 or more down on those things. 00:05:00.838 --> 00:05:02.557 So you're doing the high 00:05:02.637 --> 00:05:06.060 return on investment operations, 00:05:06.480 --> 00:05:08.541 the high return on investment exercises, 00:05:08.581 --> 00:05:09.281 the high return on 00:05:09.322 --> 00:05:10.783 investment interventions. 00:05:11.362 --> 00:05:11.663 And again, 00:05:11.682 --> 00:05:13.124 this principle is universally 00:05:13.163 --> 00:05:15.425 applied across all domains. 00:05:18.567 --> 00:05:19.528 Could you identify which 00:05:19.588 --> 00:05:21.028 patients or treatments or 00:05:21.168 --> 00:05:23.810 tasks yield the best outcomes? 00:05:25.406 --> 00:05:28.350 Can you figure out how to spend, 00:05:28.370 --> 00:05:31.055 how to best spend 20% of 00:05:31.074 --> 00:05:32.336 your financial resources 00:05:32.437 --> 00:05:33.317 that actually wind up 00:05:33.358 --> 00:05:36.322 getting you 80% of your results? 00:05:36.641 --> 00:05:39.086 I think you can, and I think you need to. 00:05:40.560 --> 00:05:41.680 And I know this goes into a 00:05:41.899 --> 00:05:44.761 psychological feeling, an emotional need. 00:05:44.781 --> 00:05:47.721 The busier we are, the better we are. 00:05:48.322 --> 00:05:49.021 Talk to anybody, 00:05:49.101 --> 00:05:50.341 especially around the end of the year. 00:05:50.502 --> 00:05:51.442 Oh, just so busy. 00:05:51.901 --> 00:05:53.062 Once it gets past the holidays, 00:05:53.723 --> 00:05:55.062 I'll really be able to 00:05:55.103 --> 00:05:56.122 devote more time and effort. 00:05:56.322 --> 00:05:57.504 That never actually comes. 00:05:57.983 --> 00:05:59.863 Someday is code for never. 00:06:01.483 --> 00:06:05.264 So I'm asking you to do an 00:06:05.404 --> 00:06:08.305 audit of the things that you do. 00:06:09.726 --> 00:06:10.708 On the left side of the 00:06:10.807 --> 00:06:12.649 audit are the things that you do, 00:06:12.829 --> 00:06:16.973 financially, work-wise, life, exercise, 00:06:17.153 --> 00:06:17.853 anything that you do. 00:06:19.576 --> 00:06:20.757 And on the right, the outcomes, 00:06:20.997 --> 00:06:22.117 how much you get out of it. 00:06:22.257 --> 00:06:24.339 Not all of it is going to be 00:06:24.379 --> 00:06:25.740 strictly financial or 00:06:25.821 --> 00:06:27.081 productivity or output. 00:06:27.663 --> 00:06:28.302 Some of those things are 00:06:28.322 --> 00:06:29.144 going to be emotional. 00:06:30.345 --> 00:06:31.766 Well, I notice when I spend 5% more time 00:06:33.665 --> 00:06:35.627 doing the activities I love with my family, 00:06:35.706 --> 00:06:36.887 I get so much more. 00:06:37.288 --> 00:06:38.168 Then that is something you 00:06:38.208 --> 00:06:38.927 need to invest on. 00:06:39.369 --> 00:06:39.949 But remember, 00:06:41.689 --> 00:06:44.031 every time you say yes to doing something, 00:06:44.230 --> 00:06:45.692 you have to be saying no to 00:06:45.732 --> 00:06:48.153 doing something else. 00:06:48.173 --> 00:06:49.692 80-20 principle. 00:06:51.293 --> 00:06:52.595 This goes into time management. 00:06:54.755 --> 00:06:56.175 You only have a finite 00:06:56.255 --> 00:06:57.357 amount of time each week. 00:06:59.658 --> 00:07:01.160 You can use the 80-20 rule 00:07:01.220 --> 00:07:03.519 and apply it to manage your schedule. 00:07:04.161 --> 00:07:05.761 Why are you doing the things 00:07:07.021 --> 00:07:07.922 that are not bringing you 00:07:07.961 --> 00:07:09.021 the results that you want? 00:07:09.562 --> 00:07:11.302 Could you have those tasks 00:07:11.463 --> 00:07:14.024 completed by someone else? 00:07:14.124 --> 00:07:15.543 Could you automate something 00:07:15.685 --> 00:07:18.886 so you can do the 20% that 00:07:18.925 --> 00:07:20.326 maybe only you can do in 00:07:20.365 --> 00:07:22.206 your organization that 00:07:22.307 --> 00:07:23.906 helps to yield the 80% results? 00:07:27.983 --> 00:07:30.084 The 80-20 rule helped me not 00:07:30.204 --> 00:07:31.545 only with time management, 00:07:33.247 --> 00:07:36.629 not only with task delegation, but also, 00:07:36.889 --> 00:07:39.050 big picture, goal setting. 00:07:40.411 --> 00:07:41.471 Again, it feels really, 00:07:41.531 --> 00:07:43.492 really safe and warm and 00:07:43.632 --> 00:07:45.374 fuzzy to feel busy. 00:07:45.514 --> 00:07:46.415 Look how busy I am. 00:07:46.435 --> 00:07:48.196 Look how jam-packed my schedule is. 00:07:49.141 --> 00:07:51.463 eventually there's an inverse proportion. 00:07:52.163 --> 00:07:53.285 The busier you are, 00:07:53.764 --> 00:07:55.005 the more stuff going on, 00:07:55.125 --> 00:07:56.406 the less effective you are 00:07:56.447 --> 00:07:58.127 at doing those things. 00:07:59.749 --> 00:08:00.990 So what can you get rid of? 00:08:01.029 --> 00:08:02.130 This is also known as 00:08:02.690 --> 00:08:04.132 addition by subtraction. 00:08:05.653 --> 00:08:07.593 You're adding to your output. 00:08:07.653 --> 00:08:08.875 You're adding to your happiness. 00:08:08.894 --> 00:08:10.276 You're adding to your bottom line. 00:08:12.057 --> 00:08:13.038 Whatever's important to you, 00:08:13.077 --> 00:08:14.639 you're adding to it by 00:08:14.759 --> 00:08:16.100 actually doing less. 00:08:18.410 --> 00:08:19.370 but it's the right less. 00:08:21.353 --> 00:08:22.394 Get rid of the part of the 00:08:22.394 --> 00:08:23.675 80% of the thing that 00:08:23.694 --> 00:08:24.415 you're doing that's only 00:08:24.454 --> 00:08:25.817 bringing 20% of your results. 00:08:25.896 --> 00:08:28.759 I want you to focus on that 00:08:28.759 --> 00:08:30.079 20% of your tasks, 00:08:30.079 --> 00:08:31.562 20% of the things that are 00:08:31.601 --> 00:08:32.663 bringing you the opposite, 00:08:32.682 --> 00:08:34.783 the 80% results in your business, 00:08:35.264 --> 00:08:38.408 in your personal life, in your education, 00:08:39.635 --> 00:08:40.576 in your personal health, 00:08:41.297 --> 00:08:43.557 the 80-20 rule is a great 00:08:43.618 --> 00:08:45.078 starting point because it 00:08:45.139 --> 00:08:49.140 works in the micro and the macro. 00:08:49.980 --> 00:08:51.802 So when I applied this to time management, 00:08:51.881 --> 00:08:54.342 my schedule got a little bit lighter, 00:08:55.224 --> 00:08:56.043 but I'm doing less. 00:08:56.063 --> 00:08:57.465 It doesn't feel good. 00:08:58.725 --> 00:08:59.666 I was doing less, 00:09:00.687 --> 00:09:02.427 but I was doing the 00:09:02.486 --> 00:09:03.827 remainder was the right less. 00:09:05.448 --> 00:09:06.549 When I set goals, 00:09:07.190 --> 00:09:09.250 setting 15 goals was too much. 00:09:10.990 --> 00:09:11.791 Setting 15 goals, 00:09:11.811 --> 00:09:12.530 I'm not actually really 00:09:12.591 --> 00:09:13.292 hitting any of them. 00:09:14.731 --> 00:09:17.033 I'm not multitasking, I was multi-doing. 00:09:18.774 --> 00:09:21.557 So when I figured out the right goals, 00:09:21.797 --> 00:09:23.857 the right milestones that 00:09:23.898 --> 00:09:24.879 will put me where I want to 00:09:24.918 --> 00:09:26.600 be in three or five or 10 years, 00:09:29.022 --> 00:09:30.802 it was easier to see when I 00:09:30.842 --> 00:09:32.063 applied the 80-20 rule 00:09:32.144 --> 00:09:33.445 which ones were nice to 00:09:33.504 --> 00:09:35.265 have that I could ignore. 00:09:36.177 --> 00:09:37.519 and which ones were need to have, 00:09:37.759 --> 00:09:39.019 which ones I had to do. 00:09:39.519 --> 00:09:40.759 A good exercise for this is 00:09:40.779 --> 00:09:42.460 write down 10 goals that 00:09:42.519 --> 00:09:44.360 you have personally, professionally. 00:09:45.481 --> 00:09:46.322 Write down 10 of them. 00:09:49.722 --> 00:09:50.744 Once you hit 10, 00:09:50.744 --> 00:09:53.625 I want you to cross off seven of them. 00:09:54.725 --> 00:09:55.264 Cross them out. 00:09:56.485 --> 00:09:57.005 But I wanted the 10. 00:09:57.446 --> 00:09:57.946 Doesn't matter. 00:09:59.287 --> 00:10:00.126 Cross out seven. 00:10:00.226 --> 00:10:01.447 The three you have remaining, 00:10:01.888 --> 00:10:03.067 stare at them, study them, 00:10:03.327 --> 00:10:04.408 really take stock in them. 00:10:05.219 --> 00:10:06.219 Pay attention to those three 00:10:06.239 --> 00:10:09.200 that remain out of the 10. 00:10:09.200 --> 00:10:11.620 Of those three, I want you to circle one. 00:10:12.721 --> 00:10:13.500 Just one goal. 00:10:14.441 --> 00:10:17.682 Sometimes I call it a BHAG, big, hairy, 00:10:17.841 --> 00:10:18.562 audacious goal. 00:10:18.621 --> 00:10:19.361 What's the goal? 00:10:19.442 --> 00:10:20.523 What's your North Star? 00:10:22.263 --> 00:10:24.244 From 10 down to three, 00:10:24.884 --> 00:10:26.063 now you've circled one. 00:10:26.384 --> 00:10:26.984 Here's the rule. 00:10:28.043 --> 00:10:28.945 You've got to work on the 00:10:29.085 --> 00:10:29.965 one that you circled. 00:10:32.139 --> 00:10:33.840 Until it is complete, 00:10:34.220 --> 00:10:36.600 this is where I was very, very guilty. 00:10:38.520 --> 00:10:39.240 I would just try to work on 00:10:39.260 --> 00:10:41.182 all 10 simultaneously, 00:10:41.642 --> 00:10:42.701 like the guy at the circus 00:10:42.741 --> 00:10:44.062 who spins plates and keeps 00:10:44.102 --> 00:10:45.442 moving from plate to plate to plate, 00:10:45.462 --> 00:10:46.562 just hoping they don't crash. 00:10:47.583 --> 00:10:49.024 Not effective, but I felt good. 00:10:49.043 --> 00:10:49.703 I felt busy. 00:10:50.245 --> 00:10:52.524 That's me focusing on the 80%, 00:10:52.524 --> 00:10:54.725 and then I'm sort of getting 20% result. 00:10:55.806 --> 00:10:56.787 By applying this principle, 00:10:56.826 --> 00:10:57.807 I was able to flip that over. 00:10:58.547 --> 00:11:00.187 And a good tangible exercise, 00:11:00.368 --> 00:11:01.489 write down 10, 00:11:01.489 --> 00:11:03.471 cross out seven of the three that remain, 00:11:03.630 --> 00:11:04.171 circle one. 00:11:05.072 --> 00:11:07.193 That one left is the one you 00:11:07.394 --> 00:11:08.634 have to work on to 00:11:08.674 --> 00:11:12.336 completion before you move 00:11:12.398 --> 00:11:13.118 on to the next one. 00:11:15.340 --> 00:11:17.061 Are you multitasking or are 00:11:17.081 --> 00:11:17.922 you multi-doing? 00:11:18.522 --> 00:11:20.023 There are studies that over 00:11:20.062 --> 00:11:21.604 and over prove that we are 00:11:21.745 --> 00:11:22.504 actually not great at 00:11:22.524 --> 00:11:23.466 multitasking at all. 00:11:24.378 --> 00:11:25.317 We can do a whole lot of 00:11:25.357 --> 00:11:26.738 things at the same time, 00:11:27.058 --> 00:11:28.038 but we're not doing any of 00:11:28.058 --> 00:11:29.099 them particularly well. 00:11:30.019 --> 00:11:31.938 And the 80-20 rule allows 00:11:31.958 --> 00:11:33.519 you to focus on the things 00:11:33.759 --> 00:11:35.919 that are of biggest impact. 00:11:37.120 --> 00:11:41.721 For every one thing in the 20%, 00:11:41.721 --> 00:11:43.061 you're able to maximize the 00:11:43.100 --> 00:11:43.961 return on investment. 00:11:45.182 --> 00:11:47.422 And that is in accordance to your time, 00:11:47.662 --> 00:11:49.043 your effort, your money. 00:11:50.043 --> 00:11:51.643 Those things are finite. 00:11:53.583 --> 00:11:54.823 I want to understand if this 00:11:55.124 --> 00:11:56.105 type of episode, 00:11:56.144 --> 00:11:57.304 this type of short episode 00:11:57.325 --> 00:11:59.686 is something you get value from. 00:11:59.785 --> 00:12:01.125 If it is, drop a comment below. 00:12:02.166 --> 00:12:02.567 If it is, 00:12:02.787 --> 00:12:04.846 hit us with a DM on social media 00:12:05.126 --> 00:12:06.168 at ptpinecast. 00:12:06.847 --> 00:12:08.107 If you have questions about 00:12:08.148 --> 00:12:08.788 it or want to have a 00:12:08.847 --> 00:12:09.808 conversation about it, 00:12:10.208 --> 00:12:10.928 hit me with a message. 00:12:12.267 --> 00:12:14.347 This to me was one of the 00:12:14.408 --> 00:12:16.308 biggest game changers, 00:12:16.369 --> 00:12:17.269 which is sort of a phrase 00:12:17.289 --> 00:12:18.450 that gets overused a lot, 00:12:18.850 --> 00:12:20.051 but it's more of a mindset. 00:12:20.250 --> 00:12:21.731 It's something I apply 00:12:22.032 --> 00:12:25.192 across decisions that I make with my time, 00:12:25.374 --> 00:12:26.453 my effort, and my money. 00:12:26.734 --> 00:12:29.875 The 80-20 rule applies and 00:12:29.936 --> 00:12:32.777 is very useful in learning 00:12:32.797 --> 00:12:33.717 what to say yes to, 00:12:35.768 --> 00:12:36.768 And also in my life, 00:12:37.048 --> 00:12:38.548 learning what to say no to, 00:12:38.969 --> 00:12:39.629 which I don't know if I 00:12:39.688 --> 00:12:41.629 ever learned a lesson on 00:12:41.870 --> 00:12:43.149 how to say no or when to 00:12:43.210 --> 00:12:44.071 say no to something. 00:12:44.850 --> 00:12:46.370 I did hear a great talk a few years ago, 00:12:46.410 --> 00:12:47.491 and the bottom line was, 00:12:47.532 --> 00:12:49.511 if it's not a hell yes, it's a no. 00:12:51.452 --> 00:12:52.513 But when someone asks or 00:12:52.533 --> 00:12:53.594 you're given an opportunity, 00:12:54.114 --> 00:12:55.995 people always also say, well, 00:12:56.014 --> 00:12:57.495 just say yes, figure it out later. 00:12:58.695 --> 00:13:00.936 I can go back and forth with these things, 00:13:00.975 --> 00:13:01.615 but when I look at 00:13:02.196 --> 00:13:03.557 decisions and how to make them, 00:13:05.659 --> 00:13:06.820 I get better results when I 00:13:06.840 --> 00:13:09.421 apply the 80-20 rule to decision making. 00:13:09.780 --> 00:13:10.981 This is a simple concept. 00:13:11.461 --> 00:13:12.221 This is not easy. 00:13:12.241 --> 00:13:13.461 I'm going to say that again. 00:13:14.523 --> 00:13:17.943 This is a simple concept, but not easy. 00:13:18.203 --> 00:13:21.085 It gets easier the more often you do it, 00:13:21.325 --> 00:13:22.304 like most things in life. 00:13:22.404 --> 00:13:24.485 That's why I started this by 00:13:24.546 --> 00:13:26.025 saying this feels like a life hack. 00:13:26.086 --> 00:13:27.326 It feels like a shortcut. 00:13:27.407 --> 00:13:27.966 It's not. 00:13:29.124 --> 00:13:30.125 But like anything else, 00:13:30.264 --> 00:13:32.466 this is learning a skill of 00:13:32.748 --> 00:13:34.809 what to say yes to, what to say no to, 00:13:35.269 --> 00:13:37.272 when to say yes, when to say no, 00:13:37.793 --> 00:13:40.254 and applying the 80-20 rule to time, 00:13:40.416 --> 00:13:41.255 effort, and money 00:13:42.589 --> 00:13:43.048 is a really, 00:13:43.068 --> 00:13:44.389 really great way to be able to 00:13:45.029 --> 00:13:47.491 get to a right decision, 00:13:47.692 --> 00:13:50.113 not necessarily the right decision, 00:13:50.153 --> 00:13:53.274 but a right decision for you. 00:13:53.413 --> 00:13:53.875 And it's going to be 00:13:53.894 --> 00:13:54.615 different for everybody. 00:13:55.095 --> 00:13:56.836 What is right or good for me 00:13:57.375 --> 00:13:58.876 is not going to be right or good for you. 00:13:59.197 --> 00:14:00.337 So the 80-20 rule, 00:14:00.357 --> 00:14:03.259 I want to thank Vilfredo 00:14:03.318 --> 00:14:05.860 Pareto of Italy for 00:14:05.941 --> 00:14:07.260 introducing this concept to 00:14:07.301 --> 00:14:09.643 not only personal wealth in Italy, 00:14:11.259 --> 00:14:13.402 But seeing that this 80-20 00:14:13.721 --> 00:14:16.625 ratio applies across a lot of paradigms. 00:14:16.705 --> 00:14:18.846 Your time, your effort, and your money. 00:14:19.687 --> 00:14:20.488 Let me know if this was helpful. 00:14:29.535 --> 00:14:30.416 I did that whole thing and 00:14:30.436 --> 00:14:31.157 the camera came out. 00:14:31.797 --> 00:14:32.138 Awesome. 00:14:35.059 --> 00:14:35.821 Fucking kidding me. 00:14:42.005 --> 00:14:43.927 I mean, I guess I could just be pissed off, 00:14:44.267 --> 00:14:47.249 Drew, and just say I'll do it later, 00:14:47.308 --> 00:14:47.788 but I won't. 00:14:50.291 --> 00:14:51.711 Fuck, I gotta do that whole thing again? 00:14:51.731 --> 00:14:55.774 All right, fuck it, 00:14:55.793 --> 00:14:56.573 I'll do the whole thing again. 00:14:56.833 --> 00:14:57.914 Just give me a second to re-rack. 00:15:15.657 --> 00:15:16.004 Dammit.