The 80/20 Rule Can Simplify Strategies for Living a Happier, Healthier and Richer Life

It comes from saying no to 1,000 things to make sure we don’t get on the wrong track or try to do too much. We’re always thinking about new markets we could enter, but it’s only by saying no that you can concentrate on the things that are really important.  ~ Steve Jobs on innovation

No matter what you’re trying to achieve, you have to deal with information overload and an overwhelming number of choices on how to proceed. It can be very confusing to figure out which strategies can really help your succeed.

When you’re using many ineffective strategies, you end up working way too hard and wasting too much time. You end up wasting a lot of money, too.

If you’re trying to live a happier, healthier and richer life, failure to achieve your goals can have long-term health and economic consequences. It can keep you miserable. It can also shorten your life.

Unhealthy living is associated with increased risk of being overweight or obese as well as faster aging. Overweight and obese individuals have greater risks of having cancer, diabetes, stroke and other health problems.

Due to unhealthy living, diseases previously associated with aging — such as, heart disease, cancer, arthritis, type 2 diabetes, high blood pressure and stroke — are no longer limited to the elderly. Instead, many young and unhealthy individuals are dealing with aging-associated diseases. Strokes and heart attacks are no longer uncommon for people in their 20s.

Chronic diseases associated with obesity and rapid aging can drive your cost of unhealthy living extremely high.

Money that you can save by living healthy can fuel your financial freedom and build your wealth. Instead, people making costly unhealthy choices end up not being able to save money. Sadly, many end up eroding their nest egg and dealing with financial ruin due to resulting health problems.

What can you do to improve your chances of becoming successful?

It’s important to avoid becoming overwhelmed by having too many things to do. You can end up getting very frustrated and demoralized. You can end up giving up and abandoning your goals.

Instead of trying to use many strategies and working too hard, you can change your mindset. Just focus on the most effective strategies for generating maximum results.

You can harness the power of the 80/20 Rule and get better results with less effort.

To give you a brief background: The 80/20 Rule is based on an observation by an Italian economist, Vilfredo Pareto (1848-1923). He made the observation that 20% of the people of Italy owned 80% of it’s wealth.

Since Pareto’s time, other studies have also shown that in other areas of life, 80% of results are generated by 20% of activities. The 80/20 Rule or Pareto’s Principle also applies to strategies for living a happier, healthier and richer life.

A huge advantage of applying the 80/20 Rule is that you can avoid wasting a lot of time, money and effort by NOT doing 80% of the strategies that will only generate 20% of your results.

You can work smarter. You can limit yourself to the most essential activities. You can focus on 20% of strategies that can generate 80% of your results. You can avoid wasting a lot of time, money and effort. You can work less and achieve more.

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