Quick Wins, Pareto, and Personal Finance
December 7, 2007 :: Financial Planning :: 9 Comments
In "Using Pareto Principle to Improve Personal Finance" post, I demonstrated how we could use the Pareto principal to focus our limited resources on the things that will give us the most benefits. Raymond from Money Blue Book commented: "Interesting concept -- so is it suggesting that I would be better ...
Using Pareto Principle to Improve Personal Finance
November 27, 2007 :: Financial Planning :: 36 Comments
The Pareto Principle, also known as the 80-20 rule or the law of the vital few, is an observation that 80% of the effects come from 20% of the causes. I often use the Pareto Principle in my job, especially when we work on quality or process improvement projects. ...
