How to Set Goals: 80/20 Rule for Goal Setting | Brian Tracy

ask for the job you want ask for the salary you want ask for the responsibilities you want hello I'm Brian Tracy today I'm going to talk to you about one of the most helpful concepts of time and life management it's called the 80/20 rule now the 80/20 rule is also called the Pareto principle named after its founder the Italian economist vilfredo pareto in 1895 he noticed that people in society seemed to divide naturally into what he called the vital few or the top 20% in terms of money property and influence and the trivial many for the bottom 80% later he discovered that virtually all economic activity was subject to this same principle in the 80% of the wealth of Italy during that time was controlled by 20% of the population we can take Pareto's 8020 rule and apply it to almost any situation in particular we can apply it to goal-setting and productivity according to this principle 20% of your activities will account for 80% of your results that means if you have a list of 10 items to accomplish two of those items will turn out to be worth more than the other 8 items put together the sad fact is that most people procrastinate on the top 10 or 20% of items that are the most valuable and important the vital few that account for all your success and instead they busy themselves with the least important 80% the trivial many that contribute very little or nothing to their success so here's what you should do in order to effectively apply the 80/20 rule to goal-setting and to your overall productivity first a piece of paper and write down ten goals then ask yourself if you could only accomplish one of the goals on that list today within 24 hours which one goal would have the greatest positive impact on your life I asked this question of my clients all over the world what is your most important goal in life right now which you need to know by the way if you want to be successful then pick the second most important goal what you'll find is that after you complete this exercise you will have determined the most important 20% of your goals that will help you more than anything else you do second you should work at those goals that you have chosen all the time you often see people who appear to be busy all day long but seem to accomplish very little this is almost always because they are busy working on tasks that are of low value or no value while they are procrastinating on the one or two activities that can make a real difference to their companies and to their careers the most valuable tasks you can do each day are often the hardest and most complex but the payoff and rewards for completing them can be tremendous they can actually change your whole future before you begin work always ask yourself is this task in the top 20% of my activities or is it in the bottom 80% the rule for this is simple resist the temptation to clear up small things first that's the greatest killer we become so involved in little things and little things multiply they just become more and more at the end of the day your disaster and you've accomplished nothing if you choose to start your day working on low value tasks you'll soon develop the habit of always starting and working on low you tasks you'll be like a horse that pulls the wheel around in a circle all day never makes any progress finally I want to tell you about a study has just been done about the attitudes of rich people versus poor people with regard to goal-setting what they found is that 85% of rich people have one big goal that they work on all the time only 3% of poor people have a big goal and they don't work on it very much so if you want to be wealthy do what wealthy people do pick one big goal and work on it all the time and if you do it will change your life now before we wrap up I'd like to leave you with a thought to share with your friends and followers it is this when your goals are clear you will come up with exactly the right answer to achieve your goals at exactly the right time so those are my strategies for applying the 8020 rule to goal-setting if you haven't seen my other videos about goal-setting and increasing your productivity take a look now I'd love to hear from you so my question today is do you use the 80/20 rule for goal-setting and time management and if you do what changes have you noticed in your life leave a comment below and I'll be sure to follow up with you thanks for watching and remember if you want to change your future take action and take action now to learn more about goal-setting download my 14 step goal-setting guide by clicking the link on the screen or in the description below to help you get on track with your goals

Channel: Brian Tracy

Views: 591,401

Rating: 4.9527416 out of 5

Keywords: 80/20 rule for goal setting, brian tracy 80 20 rule, brian tracy 80/20, goals setting, goal setting, goal-setting, 80/20 rule, goal achievement, goals brian tracy, 80 20 rule, brian tracy goal setting, how to set goals, brian tracy goals, setting goals, 80/20, 80/20 principle, 80 20 principle, 80 20, achievement, goal setting for kids, goal setting for students, goals, achieving your goals, success, time management, brian tracy, goal setting motivation

Id: cdiApKj3QPg

Length: 6min 8sec (368 seconds)

Published: Tue May 10 2016