Remember the newsletter I sent out a little while ago about compound wins and its similarity to accruing interest? The point then is similar to today… you don’t need to be an economist, just practice good habits like saving regularly and knowing exactly where your money is going. Building wealth is 80% habits, and 20% math. By having a clear awareness of your own personal finances, the math will begin to make sense. You don’t need to read up on complex financial strategies.
I’ve started successful businesses, and I never studied accounting. Trust me, when you do the right things, it all becomes clearer.
What about conversations and communicating with others? I could write a whole newsletter just about the 80/20 principle in communicating because so many people struggle with it. You should be striving for 80% listening and 20% speaking, but how many of us know someone that refuses to acknowledge this balance?
They can be annoying as f*ck to talk to sometimes, right?
Next time, try listening more than you talk, and watch your relationships deepen.
At a macro level, it doesn’t matter if it’s learning, achieving, happiness, relationships, or self-improvement, they all follow this same principle. Whether it’s persistence over ideas, purpose over fun, or giving over receiving, are you focusing on the 80% that truly matters?
Remember, perfection isn’t the goal. It’s admirable to chase it, but it’s unattainable.
The goal here is mastering the absolutely essential 80% that drives results.
Think about how we learn. Sure, you can read every book from cover to cover, but it’s all for nothing if you don’t comprehend the material. Think about when you were in school. How many textbooks did you carry around over the years? Now, how many of them did you read from beginning to end?
I’ll save the suspense and guess none. Because I didn’t either, and it doesn’t matter.
Think about even the smartest kids you knew, or the smartest people you work with now. They don’t memorize books; they grasp key concepts. That’s why focusing more on understanding what you read and prioritizing quality over quantity, helps people excel both in school and in their careers.