One of the most important ideas that you should be aware of that has the potential to change your life is the concept of Less is More and the 80:20 rule. The 80:20 rule is also referred to as the Pareto Principle after the name of the famous 19th century Italian economist and philosopher called Vilfredo Pareto. There are two wonderful books I highly recommend that are devoted to this subject called the 80:20 Principle by Richard Koch (see https://richardkoch.net/books/320-the-80-20-principle-the-secret-to-achieving-more-with-less) ) and The One Thing by Gary Keller and co-author Jay Papasan ( https://www.the1thing.com/ ) that go into detail about the power of this principle. This article provides an overview of the key elements of the principle.
You go shopping for office clothes – and end up with three casual shirts and two pairs of jeans you just knew you wanted. You decide to go for a salad and soup meal and end up in an expensive restaurant with an impressive menu and end up ordering much more than you can eat. None of these incidents is unusual, but as time passes, your choices amount to a mounting and consistent trade off: You’re choosing pleasure now in exchange for some possible financial discomfort in the future.
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