How to Do More With Less and Get More Results and Free Time
79 0 0
1
Productivity

Applying 80/20 principles in your life by creating 2 critical lists.

79 0 0
1

The Pareto Principle is often known as the 80/20 rule or the law of the critical few and unimportant many. 

You will possibly free up hundreds of extra hours this year if you apply it to your daily routine. 

Pareto discovered a universal truth: 

Only 20% of your everyday actions are responsible for 80% of your success, money, and personal satisfaction. 

If you kept track of every waking hour of your life, you'd soon learn, as Pareto did, that: 

● You spend 80% of your time wearing the same 20% of your wardrobe. 

● You use 80% of your awake hours thinking the same 20% of your ideas. 

● At 80% of your meals, you eat the same 20% of your favorite foods… etc.

The pattern is sometimes 90/10 or 70/30 or even 99/1, where just 1% of the elements provide you with 99 percent of the advantages.

Each activity we are involved with has its value for us. 

The total value of an activity is a summary of different values we earn from doing an activity.

Here is a list of the central values we potentially can get from doing something. 

Activity:

  • It gives emotional or esthetic enjoyment 
  • Provides learning and growth experience 
  • Provides relationships building 
  • It gives money, power, or status 
  • Gives physical satisfaction 

Every activity can be low or high usage of your time.

Here are 10 low-value and high-value uses of your time to help you judge your actions or plans. 

Please note that these 2 lists are generalities. 

So use them carefully because sometimes low-level uses of time are high-level value uses of time and vice versa. They depend on context.


The Top 10 Low-Value Uses of Time

1. Things others want you to do or compel you to do.

2. Items that have always been done this way.

3. Something you're not particularly good at.

4. Something you don't like to do.

5. Things that are constantly interrupted.

6. Things that just a few other people care about.

7. Items that have already taken twice as long as you anticipated.

8. Things with untrustworthy or low-quality collaborators.

9. Items that follow a set pattern.

10. Things like answering the telephone when doing meaningful work.


The Top 10 Highest Value Uses of Time

1. Things that help you achieve your life's overarching goal.

2. Things you've always wanted to do but haven't had the opportunity to do.

3. Things are already in a 20/80 time-to-results relationship.

4. Innovative methods of doing things promise to reduce the amount of time

necessary or (and) increase the quality of the outcomes.

5. Things that other people say you can't do (but you know you can, and as a result,  you will grow).

6. Things that other people have done well in other fields.

7. Things that need you to use your imagination and creativity.

8. Things that you may have others accomplish for you with minimal effort on

your part.

9. Anything involving high-quality collaborators who have already surpassed the

80/20 rule of the time. This cooperation helps to utilize time effectively and productively.

10. It's now, or you will not be able to do this in the future.

Critically determine what you excel in and what will provide you the most rewards.

Then do whatever it takes to free up more time to accomplish these critical things.

Find the 20% of your life that produces 80% of your outcomes and pleasure. 

Then devote as much time as you can to that 20%. 

You'll be a lot happier and more productive as a result.

“Lack of time is a lack of priorities” - Tim Ferriss.

Subtraction is often the best (and easiest) way to improve your performance. 

Being overwhelmed is frequently just as ineffective as doing nothing, and it's also a lot more unpleasant. 

The road of productive people is being selective, doing less. 

Concentrate on the most essential and dismiss the rest. 

It's easy to get caught in the details of life, and the secret to avoiding feeling hurried is to remember that “lack of time is a lack of priorities.”

  • Focus on doing more of what you're already doing well and what gives you more of the total value. 
  • Reallocate additional resources to the top 20% by taking away time and resources from the unproductive 80%. 
  • After you make your “Not-To-Do" list, think about how you can minimize or delegate the rest of the 80% list. Lookout for strategies to make ineffective or inefficient operations more productive or effective.

About Mindgifts
Leverage the power of your mind, character, and personality to elevate your lifestyle.  Precise step-by-step practical guides, challenges, and community to help you grow the possibilities of your mind, character, and personality

📫 New guides in your inbox
Join hundreds subscribers. You'll get new guides as soon as they're published and occasional project updates.

© 2022, made by Alex Zozovsky