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80/20 Principle in time management

As mentioned last week, I read 80/20 Principle book last month. 

The 80/20 principle asserts that a minority of causes, inputs, or effort usually lead to a majority of the results, outputs, or rewards. This means that 80 percent of what you achieve in your job comes from 20 percent of the time spent. 

The books explains how this principle works in various phases and also explains this principle can be used to increase personal effectiveness. I agree with this.

Not all the tasks we take same time. 20 percent of our time gives 80 percent of results. Recognizing this we should increase our focus on 20 percent of activities so that our personal effectiveness improves.

You can find this principle in action from your personal life.

80% of your expenses will go to 20% of categories.
80% of your time will result in only completion of 20% of tasks.
20% of the things we do give us 80% of happiness we experience

and so on.

The book also introduces a concept that we don't need time management, but we need time revolution.

Some tips for time revolution

  • Make the difficult mental leap of dissociating effort and reward: What we must do is to plant firmly in our minds that hard work, especially for somebody else, is not an efficient way to achieve what we want. Hard work leads to low returns. Insight and doing what we ourselves want lead to high returns.
  • Giving up guilt: Do the things you like doing. Make them your job. There is no value in doing things that you don't enjoy
  • Free yourself from obligations imposed by others
  • Be unconventional and eccentric in your use of time : Who among your acquaintances is both effective and eccentric? Find out how they spend their time and how it deviates from the norm. You may want to copy some of the things they do and don't do.
  • Identify the 20 percent that gives you 80 percent
  • Multiply the 20 percent of your time that gives you 80 percent
  • Eliminate or reduce the low-value activities

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