Comments on: The Pareto Principle – the 80/20 Rule http://cashmoneylife.com/pareto-principle-80-20-rule/ Money Management, Small Business, Career Thu, 09 Feb 2012 19:08:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Wojciech Kulicki http://cashmoneylife.com/pareto-principle-80-20-rule/#comment-20580 Wojciech Kulicki Thu, 03 Dec 2009 18:14:26 +0000 http://cashmoneylife.com/?p=1990#comment-20580 Pareto seems to pop up whenever I start writing about money! It's just such a great rule for getting to the heart of what's important. I can think of a few more money-related Pareto statements: 20% of your expenses account for 80% of the value you receive 20% of your budget accounts for 80% of your spending 20% of your investments create 80% of your returns (ehh...maybe) It's actually kind of fun to brainstorm these and see what shakes out... Pareto seems to pop up whenever I start writing about money! It’s just such a great rule for getting to the heart of what’s important. I can think of a few more money-related Pareto statements:

20% of your expenses account for 80% of the value you receive
20% of your budget accounts for 80% of your spending
20% of your investments create 80% of your returns (ehh…maybe)

It’s actually kind of fun to brainstorm these and see what shakes out…

]]> By: Manshu http://cashmoneylife.com/pareto-principle-80-20-rule/#comment-20572 Manshu Thu, 03 Dec 2009 02:15:54 +0000 http://cashmoneylife.com/?p=1990#comment-20572 Great idea! I loved this post especially because I was talking 80/20 with a friend this week. Since I am going to get married soon, the subject was more than 80% of money getting spent on less than 20% of stuff for the wedding! Great idea! I loved this post especially because I was talking 80/20 with a friend this week. Since I am going to get married soon, the subject was more than 80% of money getting spent on less than 20% of stuff for the wedding!

]]> By: Craig http://cashmoneylife.com/pareto-principle-80-20-rule/#comment-20569 Craig Wed, 02 Dec 2009 18:09:33 +0000 http://cashmoneylife.com/?p=1990#comment-20569 Great idea and I like keeping things organized and as simple as possible. I am the same with work, always create to do list and cross things off as I go along. With finances I keep everything in my main accounts and organized. No reason to have stuff all over the place. Great idea and I like keeping things organized and as simple as possible. I am the same with work, always create to do list and cross things off as I go along. With finances I keep everything in my main accounts and organized. No reason to have stuff all over the place.

]]> By: Financial Samurai http://cashmoneylife.com/pareto-principle-80-20-rule/#comment-20566 Financial Samurai Wed, 02 Dec 2009 13:58:23 +0000 http://cashmoneylife.com/?p=1990#comment-20566 It's a great principle that I've used ever since high school. You can't be all things to all people, so don't try. Focus on what's most important! Hence, from a finance perspective, don't sweat about saving $10 bucks a month on electricity and other small things. Focus on making an extra $1,000/month in income! It’s a great principle that I’ve used ever since high school. You can’t be all things to all people, so don’t try. Focus on what’s most important!

Hence, from a finance perspective, don’t sweat about saving $10 bucks a month on electricity and other small things. Focus on making an extra $1,000/month in income!

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