A Guide That Make You Rich & Life Easier – Part III

7. The 80/20 Rule

 

 

This is also called the Pareto Rule. If you’ve been a subscriber of our channel you should be more than familiar with it. For everybody else, the rule goes like this: 20% of your actions account for 80% of results. This has been one of the most valuable things we’ve learned in business and in life.

• 20% of the workers produce 80% of the result
• 20% of the customers create 80% of the revenue
• 20% of the bugs cause 80% of the crashes
• 20% of the features cause 80% of the usage
• 20% of the words in a language make up for 80% of the conversations

And so on…

 

Once you’re aware of this powerful rule you will look at everything you’re doing differently. We were first introduced to it in Tim Ferris’ Book ‘The 4 Hour Work Week’ and since then we’ve seen it all over the place.

 

8. The Left Hand Rule

 

 

This is more of a social life hack than a business rule. If you’re at any kind of event where you’re drinking, always hold the glass or cup in your left hand rather than your primary right.

Let’s say you’re grabbing a beer and suddenly you’re introduced to someone new. What do you do, you go in to shake their hand; but your hand has been on the cold and wet class so it’s going to feel weird and slimy.

People will not remember your name, but they will remember how you made them feel, and clammy hands is a big no-no in any setting.

 

9. The apology Rule

 

 

You’re going to make mistakes in life. Everybody does & there’s a way for you to move forward the right way. Pay close attention and from this day forward we want you to both use this rule for your actions and expect the same from everybody else.

A real, effective apology has three parts:

(1) Acknowledge you were wrong and how it affected the person or outcome;

(2) say you’re sorry;

(3) describe what you’re going to do to make it right or make sure it doesn’t happen again.

Don’t excuse or explain. If you’ve made a mistake own up to it. There’s no negotiating yourself from the truth and there’s more to gain by following this rule than getting away with a mistake.

Your entire life will change once you begin using it. It’s also valuable with employees. Instead of a simple sorry, this helps both parties improve their relationship, by building trust and solving the situation instead of just hitting a wall of excuses.

 

See also: Part IV