The main concern everybody have with the Pareto principle is that when it works against you…. you get seriously disappointed, and you start to regret. Generally speaking the Pareto principle says the life is not fair: 80% goes to the 20%, well, today if we think to the crisis it’s likely to be more: 10% of the superrich hold 90% of the global wealth… I don’t mind this, I am more interested to the everyday effects of the Pareto principle on myself.
I see the major effects of it when the laziness comes to me and stop me to invest a bit of time to solve problems; it can spread consequences that go beyond any expectation: let’s do some example:
- Your mattress is a bit old, you need a new one, but instead of going straight to the shop to buy a new one, you simply do nothing. Result: you sleep bad for lots of days, waking up tired and so on…
- The email you should had sent to your accountant is still waiting for you since a week, but you are too busy with other matters and then you don’t get the important reply you needed to save money….
- The key of the main door needed to be copied because the one you have is old and not working properly and every time you come back you have no idea if you could get in… and maybe you are not alone.
You could say: what a stupid guy, just a bit of bit has some big impact on the consequences… well think to yourself and to all the times you get in trouble just because you didn’t invest the small amount of time to get things done… It’s not resolution of character, it’s just that we are not aware of the spread of the consequence of our actions on the dimension that is not the time.
We are concerned more about the time, rather with the extension; start to think to bidimensional: time and space together; then prioritize what to do and do it.
In previous examples is easy to see that a small amount of time saved not getting things done is nothing in comparison to the extension of the consequences of that not taking actions implies.
A simple rule could b: not think only how much takes to do something (or not doing something) but more important focus to the extension of that action (or not action) will imply on your life; if the extension is huge, that means is likely to have huge impact on you, so consider to take an action… it happens the most important things and decisions in our life have to be taken … in seconds.
The Pareto principle can be seen as 90% of extension of consequences, usually are connected with action that take 10% of your time to be sorted out…
I hope this helped…