Category — Viewpoints
80 20 Principle For Money And Life
Recently, I picked up Timothy Ferriss’s book “The 4 Hour WorkWeek”. I’m sure you would have heard about this book. It is one of the best sellers around. If you have not, you will get some hint from its tagline, which say, “escaping the 9 to 5 and be a new rich.”
While the book is great in many areas, there are some areas you need to be careful about. I almost got sucked in.
I’ve written about using your time effectively and about whether you should do something just because everyone is doing it. So back to the book, the great thing about the 4HWW is there are some tips everyone can use to be more effective.
Tips that are worth reminders as we start 2010 include:-
- the 80 20 principle which is more that proven, that says “80% of any outcome comes from 20% of the effect” or also know as the Pareto principle
- Parkinson’s law (no not Parkinson’s disease) which says any task expends to fill the time allocated to complete it (this is a great one)
- to how to reduce time interruptions from co worker
- getting on a low info diet
plus many more. One of my favorite is the tip on avoiding or reducing meetings. That alone would be worth the price of the book. I’ve applied some of what I read to my own life albeit not zapping bad habits like multitasking and I would say it helps. I would certainly recommend you get a copy of this book.
January 20, 2010 4 Comments
Choose Your Investment
I bought a digital camera recently. Not a budget type digital camera but what photographers call prosumer. I paid more for a better camera because it is an investment to me. You see, I plan on getting some nice shots and also video (it does HD video) to make either an ebook or even a video book. A cheaper digital camera would probably not give the level of control.
At the same time, the radio in my car broke. I choose to let be remain broken since spending money of the car stereo is not likely to generate income for me. Anyway, I still have my pda if I want to listen to podcast on the road. People make choices everyday. It depends on what you want to achieve. I usually choose tools to help me create than to consume. What about you?
Panasonic Lumix DMC-FZ28K 10MP Digital Camera with 18x
By the way, this is the camera I got. It is our first digital camera. Yes, we are late adopters.
July 14, 2009 No Comments