Pareto’s Principle a.k.a. The 80-20 Rule

Thanks for visiting. This blog is intended for individuals with Net Annual Income of $105,000 or more. Get Rich Slow + Get Rich Quick = Get Rich Slick. If you're new here, you may want to subscribe to my RSS feed.

In my lifetime, there is one principle that I’ve come to believe as a universal truth and that’s Pareto’s Principle. Most people know this as the 80-20 rule and originated with Pareto’s observance that 20% of the populous controls 80% of the wealth in any given society.

I’ve seen the practical reality of this principle at every company I’ve worked at over the past decade. Here are some examples of some of the conclusions from executives I’ve worked with, “80% of your sales come from 20% of our clients” and “80% of our complaints come from 20% of our clients” and finally “20% of the staff is causing 80% of the problem at our company.”

I could go on but I think you get the point. As it pertains to PF Blogging and readers, only 20% of the bloggers and readers out there seem to get it. I would guesstimate that out of every 100 readers, only 20 will actually research what I teach more thoroughly and seriously consider the methodology and possibly apply it as a path to greater riches. The remainder 80% will shrug it off as “too risky” or “too unconventional” or “too unproven” and leave it at that.

A few months ago, I went to a real estate investing seminar and sure enough, when the host asked how many people were seriously interested in real estate investing nearly 100 hands went up but when he asked how many people were ACTUALLY actively investing in real estate only 20 hands went up. I’d guess that the same 80 people were going to these seminars over and over again and only 20 would ever really do it; the rest were simply spectators.

So for the 20% out there that are interested in learning how to make some extra money, click on over to http://www.etfcoveredcalls.com to check out how I’m making money month after month.