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The 80-20 Principle by Richard Koch
By Five Cents Ten Cents  •  March 22, 2011

Wordle: 80-20

I finished reading the book and it was useful to revisit the concept of 80:20 or the pareto principle in our own lives.

If you haven’t already heard of the pareto principle, Wikipedia explains to you the background. Pareto found the 20% of the population in Italy owned 80% of the land. It is very similar in income distribution, 20% of the people tend to own 80% of the wealth.

Why is the pareto principle applicable to our lives?

Seeing the World with 80-20 Lenses

I’d like to think that the 80-20 principle is a type of lens that we can use to look at our own lives. In our quest towards financial freedom, what is the 20% of things that we do that lead to the 80% of results. At work, what is the 20% of tasks, activities and priorities that get us the 80% of results ...

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By Five Cents Ten Cents
PanzerGrenadier is a 30-something accountant who finally grasped the concept of financial freedom at the ripe old age of 32. Ever since, he has been travelling on his journey towards financial freedom and documenting his adventures through his blog "fivecentstencents". PanzerGrenadier allocates his non-work time in between living within his means, saving and investing as well as spending quality time with family. He is an avid toastmaster and has completed 10 years of being a reservist conscript in the Lion City.
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