How to Manage Time

How to Manage Time
How to Manage Time

 

 

How to Manage Time

 

Being busy is a form of lazinesslazy thinking and indiscriminate

action.

 

Being overwhelmed is often as unproductive as doing nothing, and is far more unpleasant. Being selective—doing less—is the path of the productive. Focus on the important few and ignore the rest.

 

It’s easy to get caught in a flood of minutiae, and the key to not feeling rushed is remembering that lack of time is actually lack of priorities. Take time to stop and smell the roses, or—in this case— to count the pea pods.

 

  1. Doing something unimportant well does not make it important.
  2. Requiring a lot of time does not make a task important.

 

How to Manage Time

Pareto’s Law is a key for time management.

“Pareto’s Law” “80/20 Principle.”

80% of the outputs result from 20% of the inputs.

 

80% of the consequences flow from 20% of the causes. 80% of the results come from 20% of the effort and time. 80% of company profits come from 20% of the products and customers. 80% of all stock market gains are realized by 20% of the investors and 20% of an individual portfolio. The list is infinitely long and diverse, and the ratio is often skewed even more severely: 90/10, 95/5, and 99/1 are not uncommon, but the minimum ratio to seek is 80/20.

 

How to Manage Time

 

There are two synergistic approaches for increasing productivity that are inversions of each other:

 

  1. Limit tasks to the important to shorten work time (80/20).
  2. Shorten work time to limit tasks to the important (Parkinson’s

Law).

 

Source The 4 Hour Work Week by Tim Ferris

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