That allows me to be at the right place at the right time to meet the right
Speaker:people, to do the right deal.
Speaker:And I think that that has leveraged opportunity into my life by the
Speaker:20/80 rule. Today
Speaker:we're going to talk
Speaker:about a principle that originates from an economist,
Speaker:Vilfredo Pareto that was written about by a management
Speaker:specialist, Joseph Juran.
Speaker:He lived over a hundred years in age and was still lecturing literally
Speaker:to the very end. And he was in management control,
Speaker:government of management and business mainly,
Speaker:but his observation from his studies of
Speaker:economics led him to realize a significant of this
Speaker:80/20 rule. Now sometimes it's called the 90/10 rule, the 75/25 rule,
Speaker:but the 80/20 rule seems to be most popular in the terminology.
Speaker:Basically showing that 20% of what you do gives you 80% of the
Speaker:results and 80% of what you do gives you 20% results.
Speaker:And this leads to a principle that is in
Speaker:physics that applies to physics in life.
Speaker:And that is if you don't fill your day with high priority actions that
Speaker:inspire you, your day will fill up with low priority distractions that don't.
Speaker:The higher the priority that you fill it with,
Speaker:the more profound the impact and accomplishments you have.
Speaker:So if you fill it with low priority things, the 20% of the priorities,
Speaker:you'll get you know, the, well, the higher priority things,
Speaker:the 20% that gives you the most results,
Speaker:you'll get more results than if you fill it and scatter yourself with 80%,
Speaker:that gives you 20% results.
Speaker:So this has a very wide application,
Speaker:and I'd like to have you maybe take a piece of paper out, maybe write it,
Speaker:or get your notepad or iPad or whatever you're gonna write notes on,
Speaker:and let's take a look and go down the rabbit hole with it.
Speaker:In business, we'll start with business. There's seven areas of life, spiritual,
Speaker:mental, vocational, financial, family, social and physical.
Speaker:We're going to start in the vocational business area first.
Speaker:That's where this principle was most noted originally by Joseph Juran,
Speaker:that if you stop and ask yourself,
Speaker:what is the highest priority action that I can do today
Speaker:that can give me the greatest results? If you never stop and reflect,
Speaker:you may just scatter your life with unexpected out extrinsically driven
Speaker:expectations and duties from other people.
Speaker:But if you never take the time to do that,
Speaker:you're holding yourself back from achievement and
Speaker:barriers. But what is the highest priority action,
Speaker:the 20% of what all the things that I do that gives me 80% results,
Speaker:give me most of the results? Now,
Speaker:I first implemented this really way back,
Speaker:when I was 27,
Speaker:I literally made an effort by reading a book called The Time Trap by Alec
Speaker:Mackenzie,
Speaker:because I realized I was doing a lot of stuff in my clinic at the time
Speaker:and I realized that I was spending a whole lot of time doing kind of low
Speaker:priority things,
Speaker:and wasn't getting as much productivity out of myself as I could.
Speaker:So I read this book, The Time Trap,
Speaker:and I literally saw all my pitfalls of delegating and all the reasons why I
Speaker:was holding myself back. I thought, 'Well, by the time I gave it to somebody,
Speaker:I could have done it. Well, if I give it to them,
Speaker:they may not do it the way I want it. And then I got to do it again,
Speaker:where I always have to go over it again and then I rob them of accountability
Speaker:and then I end up rescuing them. And then I end up you know,
Speaker:by the time I train them,
Speaker:I could have just done it.' All these different excuses.
Speaker:And I realized I was holding myself back trying to do everything.
Speaker:So I got a list of everything that I did in a day.
Speaker:And I categorized it based on professional and personal.
Speaker:And I made an exhaustive list, not vague broad generalities,
Speaker:like marketing or sales, that's too broad, but the actual actions, making calls,
Speaker:doing inventory, studying, asking questions.
Speaker:I broke it down into the details of what I did in a day.
Speaker:And then I asked myself, after I made this exhaustive list,
Speaker:how much does it produce per hour?
Speaker:And I extrapolated the best I could estimating it because
Speaker:getting zero and some getting more money.
Speaker:And I looked at what it actually did and what it produced per hour to
Speaker:then make that as I put the dollar per hour and extrapolated it,
Speaker:if I made a $200 an hour out of it, I'd put it down. If I made $400 an hour,
Speaker:I put it down. If I did a half hour, but I made $400. And I made $800,
Speaker:I'd put it down, I extrapolated it.
Speaker:And then I prioritized it to make it look at what is the most important thing I
Speaker:can do to produce the most,
Speaker:and my productivity was basically a reflection of what I was doing that served
Speaker:people, because if they're paying for it, then I'm obviously filling some need.
Speaker:Then I made another column next to that column.
Speaker:And I made a list of what meaning it had on a 1 to 10 scale.
Speaker:And I prioritized the meaning on a 1 to 10.
Speaker:10 meaning it's extremely meaningful and inspiring and I was enthused and
Speaker:inspired, spontaneously to do it. And the other,
Speaker:the lower meaning down to 1s were things I had to be motivated or extrinsically
Speaker:driven to do. I didn't want to do it. I'd procrastinate, hesitate, frustrate.
Speaker:I noticed I was doing narratives, but I was delaying them,
Speaker:I was procrastinating them. But when I was interacting with the clients,
Speaker:I was engaged in it and I was doing it spontaneously.
Speaker:So I basically made a list of all the things based on 1 to 10 scale on how
Speaker:engaging it was, inspiring it was, how much meaning it had,
Speaker:and then I'd prioritize that.
Speaker:Then I took those two together and I prioritized that to look at what was the
Speaker:most meaningful and most productive.
Speaker:And I did a summarized priority list out of that.
Speaker:And I found that there were about 5 things and really 2 things that were the
Speaker:most important thing I can do. If I do that,
Speaker:I'm going to produce the most and have the most energy,
Speaker:because when you're doing things high on your values your energy goes up,
Speaker:and I narrowed it down to that.
Speaker:And I realized that really 20% of the 20% of the 20%,
Speaker:if I do even that, or 20% of that, and get to the very highest price thing,
Speaker:I actually produced the most income,
Speaker:served the most people and have the most inspirational energy.
Speaker:And I did that and, wow,
Speaker:that made my business go up and expand and allowed me to have
Speaker:more income to delegate.
Speaker:If you're not delegating lower priority things to other people you're going to
Speaker:be trapped. And this is what The Time Trap book was about,
Speaker:about liberating yourself from doing low priority things.
Speaker:Because every time you do low priority things, you devalue yourself.
Speaker:Every time you do the highest priority things,
Speaker:the most meaningful and productive and inspiring and you know,
Speaker:income generating that serve the most people,
Speaker:you get the most vitality out of it. And so from a business perspective,
Speaker:you want to do that. You want to look at what you're saying to the client,
Speaker:what you're selling to the client,
Speaker:what you're doing as far as the job duties,
Speaker:making sure you get to the 20% of the 20% of the 20% of the job duties,
Speaker:making sure you're narrowed down what clients you work with.
Speaker:Make sure you look at what the products you're selling.
Speaker:Everything can be prioritized by this 20% of what you do gives you 80% of your
Speaker:results. And 20% of that gives you another 80% results.
Speaker:And you can compound this by narrowing it down into the highest priority thing
Speaker:until you get to what Gary Keller calls the one thing that you're masterful at.
Speaker:Now, I research, write, travel, teach. My highest priority thing,
Speaker:the number one thing I do is teach.
Speaker:The second thing is research and write and travel.
Speaker:And today I'm getting to do all that,
Speaker:I've been researching and writing throughout the day,
Speaker:I'm traveling right now through the Mediterranean and
Speaker:So I get to do what I love, those top four things every day,
Speaker:that gives me the 80% results.
Speaker:And that really liberates you by getting to do what you're inspired to do on a
Speaker:daily basis. And then of course, when it comes to socializing,
Speaker:you may want to ask yourself the 20/80 law there, you know,
Speaker:who are you hanging out with? Many years ago, my wife, when she was alive,
Speaker:we were living on east 64th in New York city.
Speaker:East 64th street.
Speaker:And we decided that it was a little noisy there cause we were right there going
Speaker:into the park and you could hear the honking horns half the time and we were on
Speaker:the 5th floor of a big brownstone,
Speaker:and had a great neighbors, great environment, fantastic
Speaker:but a little noisy.
Speaker:And so we asked ourselves what is the highest priority place we could actually
Speaker:go in New York that's quietest.
Speaker:And also that would position us with the highest profile,
Speaker:highest income, highest leveraging factor we could.
Speaker:And we looked and we went around and we finally realized that Trump Tower was
Speaker:probably the best positioning we could get,
Speaker:because we realized that 20% of the people that have the most influence are
Speaker:right there in that building.
Speaker:Now I don't know today is because after Donald's been president it might've
Speaker:changed, but in those days, you know, 20 something years ago it was that way so,
Speaker:we
Speaker:noticed that the second we moved in and started to associate with people that
Speaker:had a higher net worth, higher social influence, higher celebrity status,
Speaker:higher corporate influence, et cetera, we noticed that our business,
Speaker:our influence, our wealth, all went up that year.
Speaker:We also when I moved onto the ship, The World, the same thing happened.
Speaker:So if we don't empower ourselves in business, we're
Speaker:If we don't empower ourselves in finance, we'll be told what we're worth.
Speaker:We don't empower ourselves in relationship and start having a loving and
Speaker:intimate relationships there,
Speaker:we'll be doing honeydew low priority things that we get frustrated by and
Speaker:alienate our own spouse with. If we don't empower ourselves socially,
Speaker:we'll be told what to do by people that are overpowering us and get into the
Speaker:so-called conspiracy world, fearing that the world's going to control you.
Speaker:But if you go in the 20% that gives you 80% results of the people you hang out
Speaker:with, that also has a massive impact. I made it a goal many,
Speaker:many years ago that I wanted to have an influence and I made a list of some
Speaker:people that had global influence. Anybody that had global influence,
Speaker:I wanted to meet and interact with and associate with and interview and learn
Speaker:and have in classes and associate with in some way with, I made a list of them.
Speaker:And I met all those people and I made a bigger list.
Speaker:Now it's over 3000 people that have global influence because I've made that a
Speaker:target.
Speaker:And that allows me to be at the right place at the right time to meet the right
Speaker:people to do the right deal.
Speaker:And I think that that has leveraged opportunity into my life by the
Speaker:20/80 rule.
Speaker:So you might think of about the 20/80 application in your social network,
Speaker:who do you hang out with, who are you going?
Speaker:Most people prefer to hang out with people that have a bigger influence than
Speaker:people who have a smaller influence. Well, as you climb up the game,
Speaker:you can do that. Now,
Speaker:it's not that anybody there is not a magnificent individual,
Speaker:it's just that you're going to now use your time most effectively and if you
Speaker:don't fill your day with the highest priority individuals in your life,
Speaker:it may fill up with low priority distracting people,
Speaker:opportunists that want to take advantage of yours. So that's the lesson in life.
Speaker:Again, if you don't fill your day with high priority actions that inspire you,
Speaker:it fills up with low priority distractions that don't. And physically,
Speaker:20% of what you eat gives you 80% of the energy.
Speaker:I'm amazed at some of the stuff that people eat,
Speaker:they put in their mouth and it's not food.
Speaker:They're living to eat because they want sweets and fats and they're letting the
Speaker:outer influence and sales and gimmicks and unhealthy foods get into their
Speaker:consciousness, instead of actually prioritizing what they eat,
Speaker:prioritizing their exercise program.
Speaker:20% of what they do gives them the most return on their physical tone and
Speaker:fitness. And 20% of what they eat gives them most of their results. You know,
Speaker:I'm a very focused individual when it comes to the eating process and I drink
Speaker:and eat and consume things that are the highest performing,
Speaker:highest priority actions that I find for myself.
Speaker:And you can do an inventory on yourself like Gandhi did when he was around and
Speaker:do an evaluation of what works and what doesn't work for you on a daily basis
Speaker:and narrow it down to the 20% that gives you 80% results.
Speaker:What are the foods that you love that are most nutritious,
Speaker:that give the most vitality and the most wellness quotient and get the 20/80
Speaker:rule. The same thing on the activities. You know,
Speaker:if you go and do the physical activities that give you the most results,
Speaker:sometimes pilates may be that, it may be jogging or maybe walking up hills,
Speaker:whatever it may be that allows you to maximize your tone and fitness.
Speaker:And the same thing, you want to make sure that when you consume it,
Speaker:you're eating 20% of the foods that have the most fiber and the most that helps
Speaker:your microbiome. And you stop and eat, what's priority to eat?
Speaker:Are you literally living to eat or are you eating to live?
Speaker:I'd rather eat to live and prioritize what I'm putting in my body and prioritize
Speaker:what I put into my activity, prioritize what I drink,
Speaker:prioritize what I feed my mind as far as things that are
Speaker:distressful. I don't sit and watch the distressing stuff on the news.
Speaker:I find that that's distracting. I learned that from Gandhi when I was 18.
Speaker:So I just said, that's it,
Speaker:the only time I'll watch TV is when I'm on it usually,
Speaker:because I don't find that that is the most productive. That's sensational,
Speaker:extreme, volatile, polarizing, impulse, instinct,
Speaker:distracting type of information.
Speaker:So you want to fill your life socially and physically,
Speaker:nutritionally with quality information.
Speaker:I'd rather feed my mind with information that's going to increase the
Speaker:probability of me making a difference in the world and fulfilling my mission.
Speaker:See, if you go on my website and do the Value Determination process and find out
Speaker:what's highest on your value, where your value is your telos,
Speaker:the end in mind, the chief aim, the primary objective,
Speaker:the real purpose and mission in life, and you ask yourself,
Speaker:what is the highest priority actions in each of these seven areas of life that
Speaker:will help me fulfill that mission? You will change your life.
Speaker:This is a very powerful principle, this 20/80 rule.
Speaker:And so you can do that in every aspect of your health. I mean,
Speaker:the supplements you're taking, the food that you're consuming,
Speaker:the waters and drinks that you're drinking,
Speaker:the vegetable juices you're drinking. If you're not putting in quality food,
Speaker:don't expect quality outcomes. If you're not putting quality people,
Speaker:don't expect quality outcomes. The same thing in business 20/80 in business,
Speaker:like I said. Now, when it comes to spirituality,
Speaker:you can also do it in spirituality,
Speaker:20% of what you do gives you 80% results of spirituality.
Speaker:My personal feeling is that if I make a list of everything that I got to do in a
Speaker:day, which I do religiously every night, and I ask what is
Speaker:I had the opportunity to do it and put it as a gratitude journal and as a
Speaker:gratitude list and make sure I don't go to bed without thinking about what
Speaker:happened and what I was able to do and what I'm grateful for for the day.
Speaker:Then I can see the 20% of whatever I do,
Speaker:that one exercise gives me 80% results as far as grace in my day.
Speaker:Spirituality, you want to feed your mind with the greatest ideas.
Speaker:I'm working on a new book,
Speaker:on a new program I'm about to present on philosophers throughout the ages,
Speaker:philosophical thinking from the greatest minds who ever lived.
Speaker:I would much rather fill my mind with inspiring pieces of work,
Speaker:the Vyasa from the Vedanta and the great teachings
Speaker:of the India, or maybe some of the great philosophers,
Speaker:or maybe some of the religious leaders,
Speaker:I'd rather fill my mind with something that inspires me and focus on what I can
Speaker:do, the 20% that I can do that inspires me,
Speaker:that's deeply meaningful to me on a daily basis, and I get a result with that.
Speaker:If I do that, amazing things start to happen in my life.
Speaker:Whenever you're living by highest priority,
Speaker:you build momentum that becomes unstoppable.
Speaker:You expand your space and time horizons.
Speaker:You automatically gain more confidence and certainty.
Speaker:Wake up natural born leadership, draw magnetism to you.
Speaker:Because people want to be around people that are exemplifying leadership and
Speaker:power. And if you go and do that,
Speaker:you automatically will be an inspired life and you'll leave more of a legacy in
Speaker:life, and wake up as Heraclitus described, as the immortality factor inside you,
Speaker:leave a mark in life. Why not, I always say we're immortal souls.
Speaker:Why don't we set immortal goals?
Speaker:Goals that go beyond our life that we can work on, and ask,
Speaker:how is whatever's happening in these seven areas of life, helping me get there?
Speaker:And when it comes to the intellectual pursuits, the same thing occurs.
Speaker:You want to ask yourself and feed yourself,
Speaker:what is the thing you want to feed your mind with? Not just socially,
Speaker:but nutritionally, but also spiritually, in all areas,
Speaker:what is the highest priority information? You know,
Speaker:I teach a class called the Prophecy 1 Experience,
Speaker:to be a prophet of your own destiny, a wise prophet of your own destiny,
Speaker:take command of your destiny and live by design, not duty.
Speaker:The same thing when I do the Breakthrough Experience everything,
Speaker:every course that I teach around the world is designed to help people master the
Speaker:seven areas of their life,
Speaker:because I believe that you're here to master your life.
Speaker:And that 20/80 law is one of the keys to it.
Speaker:If you fill your mind with the greatest ideas from the greatest minds whoever
Speaker:lived, that stood the test of time with the most probable information,
Speaker:when I was 18 years old, I want to study universal laws.
Speaker:So I looked up universal laws and it led me to Aristotle and natural laws,
Speaker:that led me to the logos that predated Christianity and led into Christianity
Speaker:from Heraclitus. Then that led me to the idea of ologies,
Speaker:the various disciplines.
Speaker:So I made a list of all the disciplines that a person could study.
Speaker:And I made a goal to read a hundred books on each of those disciplines at 299 of
Speaker:them now. And as a result of it,
Speaker:I then wanted to find the most common universal principles that stood the test
Speaker:of time in every one of those disciplines,
Speaker:to feed my mind with the most universal probable foundation of knowledge that I
Speaker:could build a foundation of life with.
Speaker:That was the 20% of the 20% of the 20% of the information that I could devour,
Speaker:and build a whole model of life around that.
Speaker:So I basically found out that if I fill my day that way, man,
Speaker:amazing things happen. I found out I didn't need as much sleep.
Speaker:I found out I had more vitality.
Speaker:I fed my mind things that kept being inspired to me.
Speaker:I asked whatever I was reading, how's it helping me fulfill my mission?
Speaker:And I got really inspired by that and that I increased retention.
Speaker:I knew that if I took the 20% of whatever I learn that's probably conscious and
Speaker:80% of it was probably unconscious.
Speaker:And then when I linked something did something that was requiring that other
Speaker:unconscious information, when I was doing something that was purposeful,
Speaker:up came the unconscious,
Speaker:but I basically focused on the 20% of what I was reading and filling my mind
Speaker:with it. I used to select it.
Speaker:I realized that the average person may read one book a week or maybe one book a
Speaker:month or something like that. I used to read many books in a day,
Speaker:four to seven each morning. And in the process of doing it, I would ask myself,
Speaker:okay, I only have so many thousands of books I'm going to read in my life,
Speaker:what's the highest priority piece of literature I want to put in my mind?
Speaker:And I found out that if I target what it is that I want to feed my mind with by
Speaker:the greatest ideas, by the greatest minds whoever lived,
Speaker:in each of the seven areas of life, the greatest business leaders,
Speaker:the greatest financial leaders, the greatest relationship leaders,
Speaker:the greatest social leaders, the greatest health and fitness leaders,
Speaker:the greatest spiritual leaders, the greatest intellectual pursuits,
Speaker:the great Nobel prize winners, the great thinkers and philosophers,
Speaker:the great contributors and innovators,
Speaker:if I surround myself with the 20% of those people that made the biggest
Speaker:difference in the world and feed my mind that on a daily basis,
Speaker:my life changed. Well,
Speaker:I'm blessed today because I did that 20/80 rule.
Speaker:So I just wanted to take the time to talk about the 20/80 rule,
Speaker:the Vilfredo Pareto in his economics talked about.
Speaker:And you'll see this in every aspect of your life if you think.
Speaker:You can just meditate on that tonight and just contemplate that,
Speaker:and maybe you can prioritize these areas,
Speaker:cause it sure saved me a lot of aggravation in life
Speaker:the flow and get to do what I love and delegate and make sure you delegate
Speaker:everything. And that leads me to what I want to give you here.
Speaker:I've been doing the delegation process since 27,
Speaker:since I opened up my practice many years ago,
Speaker:and I want to share this little gift with you.
Speaker:I want you to download this daily delegation form.
Speaker:It's the same form that I used all these years.
Speaker:And it's a step-by-step process to get things off your plate so you can get to
Speaker:the 20% that gives you 80% results and get to the 20% of that and give you
Speaker:80% results again,
Speaker:and keep doing that until you're doing the one thing that you love doing and
Speaker:delegating the rest away and giving job opportunities to other people who would
Speaker:love to do the things you want to delegate and help economy.
Speaker:Every time you help the economy and do the highest priority things,
Speaker:you just help everyone in the thing and you can't make a difference in other
Speaker:people's lives and those opportunities without rewarding yourself.
Speaker:If you help other people get what they want to get in life,
Speaker:you get what you want to get. By delegating,
Speaker:you free people up to do what they love, so you get to do what you love.
Speaker:And that liberates you from a lot of bondage and a lot of aggravation,
Speaker:a lot of frustration. Again,
Speaker:if you don't fill your day with the high actions that inspire you,
Speaker:your day's going to fill up with low priority distractions that don't.
Speaker:And think about that in all seven areas of your life.
Speaker:And thank you for being with me on this little weekly thing.
Speaker:If you know somebody that could have benefited by hearing that,
Speaker:if that went in your mind today 'I wish so-and-so could have heard that',
Speaker:please contact them,
Speaker:pass this copy down onto them and let them get access.
Speaker:Let them know about our weekly programs. Every week, I try to give something,
Speaker:a little gem that can help you do something extraordinary with your life.
Speaker:You know, you deserve to do something amazing in your life.
Speaker:It's our real nature. We're not here to live in mediocrity,
Speaker:we're here to do something extraordinary.
Speaker:Now when I ask people around the world,
Speaker:how many of you wanna make a difference in the world?
Speaker:Everybody puts their hand up. You can make a difference.
Speaker:And the only way to make a difference is to be authentic.
Speaker:Everything and everything that's going on in your life is attempting to get you
Speaker:to be authentic, where you are on the highest priority, individual, you,
Speaker:not the personas and masks that you get to where when you're trying to scatter
Speaker:yourself into low priority things., So, the magnificence of who you are,
Speaker:that's what you want to focus on. Prioritize it, 20/80,