Friday, May 24, 2013

Study Smart By Understanding The 80/20 Rule

By Lachlan Haynes


First of all, the 80/20 rule is not about economics or maths (even though it may sound like it), so let's get that straight from the start! However, this rule does apply to your life (and everyone else's life) so it's very important that you are aware of it and can start manipulating it for your own benefit (in the way you study or in any other field you choose).

The 80/20 rule states that 80% of what we achieve is a direct result of 20% of the actions we take (it also applies to many other areas but they are not the focus of this article). In plain English, this means that only a very small amount of the actions we take each day create most of what we achieve (or don't achieve). The ratio does not have to be 80/20 - it may even be as high as 99/1 - but the point is simply that your major results (your 80%) are actually being dictated by a minority of your actions (your 20%).

It's not hard to understand how this rule applies to your life but let's look at a basic example which will apply to you to help you understand it. Let's think about your social life (hopefully you have one!) The reality is that you almost certainly spend 80% or more of your social time with 20% or less of the people you know. Think about it. Do you spend most of your time with a few close friends? Or you may spend 80% or more of your time sending texts, calling and chatting online with 20% or less of your contacts.

So, can we agree that 80% of what anyone achieves in life is a direct result of 20% or less of the actions they take? Good I'm glad we agree! But what's really important about this rule is how to use it to your advantage. You want to be able to exploit the rule and make it work for you don't you? So, the first tip is to focus only on the 20% areas that are impacting 80% of your results and then ignore everything else. Seems pretty obvious doesn't it? But only when you're aware of the rule.

Clearly, there is no reason to spend your time doing things that account for only 20% of what you achieve, especially if that 20% takes up 80% of your time! Instead, you should focus on the 20% that is impacting 80% of your results. Focus on drastically improving your results by changing those areas that are having the most impact. For example, if you find that your biggest challenge is being disorganized then if that area was transformed you would find it would have a massive result wouldn't it? So you change one thing but it impacts lots of things.

Regrettably, this is not always easy to answer as many things can have a big impact on your results and everyone is different. However, there are always common denominators that seem to impact everyone in one way or another and we can safely assume they are impacting you as well. So what are they?

Your habits are a key 20% area. Your habits dictate your thoughts and your actions. Bad habits lead to bad results. Good habits lead to good results. It really is that simple! If you have gotten yourself into poor habits then unfortunately you will get poor results. The good news is that by identifying the bad habits and then changing them you can completely transform your outcomes. Small area, massive impact!

The next 20% area is motivation - an often misunderstood action driver. If you don't "feel" motivated then there is a very good chance that you will take very little action (or take no action at all!) But how do you "get motivated"? The key here is that you must have something that calls you into action. You must have something that you want to work towards (notice that it's about what you want - not anyone else). If you have no motivation you will do nothing. If you do nothing you will get some pretty poor outcomes. Again, this is just one small area that has a huge impact.

Finally, the third most important 20% area is your memory recall ability. We all know about the importance of tests and exams and how many marks they account for and how much information students need to be able to recall. If you have great memory recall ability you will breeze through tests and exams, and if you don't you will really struggle. Your recall ability can literally make or break you. So again, we can see that a small thing (your 20%) is impacting a large portion of your schooling (your 80%).

Everyone (including you) has several small areas that are impacting the majority of their results. The most important thing for you to do is to identify what your areas are. Once you know what they are, focus hard on changing them because it is going to quickly improve your results and help you get better grades. Remember, you only need to change 2 or 3 areas in order to change your entire life so there really are no excuses. Good luck!




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