Self Help FAQ

Where the most popular self help questions hang out

How can I improve my life?

Posted on | August 2, 2013 | No Comments

In 1906, Italian economist Vilfredo Pareto observed what is known as the 80/20 principle (now also known as the Pareto Principle), which states that, for many events, about 80% of effects come from 20% of causes. When used as a central rule in your life, it can be a catalyst for great change for you. In this article, I want to focus on financial improvement for your life. Here’s how the 80/20 rule can work in that regard:

You have a goal in your life to support yourself (and perhaps any dependents you have) comfortably, so you can enjoy life and have all you need. Unfortunately, in this economy, a large chunk of your money (possibly 80-90%) goes to paying for a few things, such as rent or mortgage, groceries, and bills for your survival needs. At the end of it all, you have little to show for it and nothing left over to do more things that you enjoy, such as traveling to exotic places, taking part in more hobbies/sports, or even donating your time to worthy causes. How can you change things to be more in your favor, so that you have more money left over to enjoy life more and work less?

It becomes clear when you learn how to use the 80/20 rule to spark ideas, prioritize possibilities, and think/work smarter, not harder. It could include a brainstorming list of ideas to make money, crossing out ones that would keep you working too many hours. For myself, this rule helped me figure out which passions of mine could make money for me online, and it also kept me from spinning my wheels trying to get a business running. I had to figure out which tasks would earn me money in the end, and which ones were just paperwork/office tasks that could be done later or passed on to someone else. As you can see, this rule can put you well on your way of digging out of slave-wage labor. It’s all about mindset: I repeat: work smarter, not harder.

But there are other rules of wisdom that work hand-in-hand with this principle. They are simple, yet invaluable ideas that can change your life. And these can be learned in just a few hours, I am happy to report! A well-known work-smart entrepreneur by the name of Yaro Starak has compiled all you need to know to get started in changing your life for the better (in online entrepreneurship and blogging), using the 80/20 rule and other great principles, all in one place. His program of audio CDs and pdf’s called Master your Mindset, is available NOW and instantly downloadable. Get it now! You won’t be sorry!

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