Learn more in less time using Pareto’s Principle.

I was first introduced to this theory a few years ago in the 4 hour work week by Timothy Ferriss. He emphasizes that you only require 20% of the right kind of effort to produce 80% of your results.
I stumbled upon this theory again recently in a book by Ramit Sethi “I Will Teach You To Be Rich”. This time, it stuck with me. Seeing the theory in action from a different perspective (organizing your finances) helped the information really soak in.
This theory applies to almost anything we do in life, especially when it comes to learning something new (which takes up way more time than it needs to).
Internalizing Pareto’s Principle will help you save tons of time, and will help build confidence in whatever you are trying to achieve.
This is huge!
Here’s how it works:
All you need to focus on is the most vital 20% of anything new that you are wanting to learn, and then apply it to the real world to get 80% of your results.
- 20% of the pea pods you plant, will result in 80% of the peas you eat
- 20% of the key words you learn in Spanish, will allow you to comprehend 80% of conversations in Mexico.
- 20% of the boxing punches you learn (right, cross, jab) will enable you to fight 80% of your matches. This is often enough to win your match against someone more experienced.
- 20% of the information in that shiny new text book you purchased for school, will result in 80% of your success in that field in real life.
Steps to success:
- Identify the most vital pieces of information you need to succeed (Ask a mentor if you don’t know).
- Learn the 20% least that you need to.
- Execute to achieve success
- Repeat steps 1 – 3 to achieve mastery (picking new vital pieces of information each time).
Internalizing this theory has recently helped me in getting started with my online business. In the past I have procrastinated on getting things done which stemmed from a fear of the unknown, not knowing enough, being overwhelmed, and not starting at all.
Example: A Start-up Business
Embarking on a new business venture is like looking out across the ocean, into a sunny horizon of possibilities. The view is beautiful, it lifts your spirits and gets you excited to embark on an adventure!
You share your ideas with all your friends and family with enthusiasm! They are excited for you, but skeptical of you at the same time. You step into the ocean ready to embark on your voyage, when you realize that the water is cold and the ocean is vast. As you take a few more steps, you realize you need a boat, your not going to get very far by floating and flailing your arms.
At this point you will either:
- Get scared, discouraged, and quit.
- Do a little more research as to what is required to get started.
- Get lucky grab onto a log and float away like Tom Hanks in Castaway (or something like that).
Most of us aren’t experts, survivalists, or sailors, so we choose the first two options (mostly the first).
When you choose the first option, fear immediately paralyzes you. You step out of the water, and go back to what you were comfortable with, watching South Park on TV.
Because voyaging into the unknown could lead to the end of your existence, where is the fun in that?
Or…
You choose option two (doing a little more research before you embark).
Using Pareto’s principle you would be able to complete step two in the shortest period of time, allowing you to get started on your journey right away.
Here’s how Pareto’s principle would apply in the scenario above.
Ask yourself…
What is the 20% most vital information you need to know in order to set sail into the sunset without dying or overwhelming yourself with information?
Seek out a mentor that knows a lot about boats (and has one you can borrow or buy). Ask him a few key questions… How do I turn it on? How do I keep it running? How do I park it?
Ask your mentor what you need to know about ocean navigation. How do you avoid hitting an iceberg and sinking? Or ask him what his biggest challenge was when he first embarked, and how he avoided it.
Does your Mentor have any recommendations for finding food on your journey? Will there be any restaurants on the way? Perhaps you will be required to learn to fish… or hire someone that can fish for you.
These appear to be the 3 most vital things that you would learn about in order to embark on your journey as painlessly as possible.
Everything else is just details. Avoid the web of details that may trap you.
I’ve spent many hours aimlessly trying to learn how to start an online business, never getting anywhere. There is just too much information to sift through. I was stuck before I even got started.
Results happened when I stopped trying to be perfect and I started moving with 20% of the most vital information I could find.
I hope that you can internalize the value within Pareto’s Principle. Try and see it in your environment, try it out when it comes time to learn something new that may be intimidating you.
If this works for you, great!
Share this new found knowledge with the world.
We are all in it to win together.