Russell Smithers

Pareto’s Principle

by Russell on Feb.16, 2008, under General

Vilfredo Pareto was an Italian economist who basically theorized that 80% of a country’s wealth was owned by 20% of the people. His principle has since been heavily adopted by personal development experts as a working model of time management, more commonly known as the 80/20 rule. The 80/20 rule (Pareto’s Principle) states that 80% of all the results in your life is achieved by only 20% of all the actions that you make.”

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