So we are going to talk about the 8020 principle, which is an amazing principle to waste less time and achieve more. So the first thing is to exactly know what is the 8020 principle. And then I'm going to give you a few examples of how to apply it in your life in also a few ideas of how to use the 8020 principle to learn a new skill. And I learned most of the things about this principle in the book, the 8020 principle by Richard Koch, but there are also a lot of stuff on YouTube, and some bloggers also talk about it. The basic idea is that 20% of our efforts creates 80% of our results. Wilfred purrito, was an Italian economist who found this pattern and it soon became a phenomenon known as the Pareto principle or the 8020.

Principle. So the key is to be very aware of the activities that you execute in your daily life in order to find the 20% that the produce that produce 80% of the results. And unless we do it, we are actually wasting a lot of time and energy, doing stuff that doesn't matter and that we don't really enjoy. But if you apply this principle, you can literally achieve much more with less time. And this can be applied to anything such as business relationships, language learning, or any skill, any skill that you really want to learn. Richard Koch, the author of the 8020 principle, recommends to do an inventory of the 20% of activities that give you the most joy in your life.

Now spend your time on those things and don't focus too much on the exact percentages you Might be 70 30% or 90 10%. The key is the minority of the causes bring the majority of the effects. So here I've got a few examples. So you probably only aware 20% of your clothes 80% of the time, so the other 80% of your clothes, usually stay there in your wardrobe and you probably never pick them up. I can also relate with this principle with my website traffic. So 80% of my website traffic comes from spending 20% of my time promoting it on Pinterest, the other social media like Twitter, Instagram, or Facebook.

Don't bring me any real results. So it's kind of useless to spend a lot of time in those. So in those accounts, right, so what I should do is focus most of my time on Pinterest, because that's where I know that my work Results are most of my results come from. I can also tell you that 20% of my relationships bring 80% of my happiness. So I have a lot of people in my life, but really, I know exactly who are the few people of my circle of friends and people I know that bring real happiness to me. And that makes me happy on a daily basis.

So I should try to spend more time with them, instead of spending time with people that you just know that aren't really interested in you. And don't bring anything valuable to your own life. And if you take a close look to your own life, you will see very similar patterns related to books. In most books, you can extract 80% of the content in 20% of the time. And this is very, very important if you want to learn for example, a new skill and you are going to use books to learn some of the points principles behind that skill, because there's no need to read a book from cover to back, unless you really you are really enjoying it, because you can learn most of the content in the book in one hour or even less. In this way you can accelerate your learning process also related to costumers.

Most businesses say that 20% of their customers produce 80% of their profit. So they should focus their time on or most of their time in those customers trying to build a better relationship with them. Tim Ferriss who is a blogger, a podcaster, and author and an amazing person, he actually applies the 8020 principle to pretty much everything he does, such as language acquisition, business, or any skill that he wants to learn. So Tim Ferriss came with this language learning received that is amazing and if you check it out, his blog posts on this subject, you will have a lot of insights if you are planning on learning a new language. He uses 12 English sentences in order to learn a new language so he translates those 12 sentences into the language that he wants to learn. In this way, he can master the basics of any language in a few hours or days.

He also believes that auxiliary verbs are the ultimate cheat on learning a new language fast. So all you need is to memorize the conjugations of verbs like to want or to have or to need. By applying this principle, you get much faster results than if you just try to memorize thousands of words and verbs and different conjugations. According to Tim Ferriss research 100 well selected words make 50% of the practical use of all the words in the Oxford English Dictionary. To spend most of your time learning the common verbs on a language instead of trying to memorize thousands and thousands of words, Tim Ferriss also has a blog post, where she talks about learning guitar. And if you spend 80% of your time learning the most used chords like 30 to five chords, you can actually be able to play most of the songs.

Of course, you won't become a guitar master in a few weeks. Because to become a master, you probably need ears or the 10,000 hours that Malcolm Gladwell talks about. But if you really want to see results in the first days, which is very, very important, in order to motivate yourself to continue learning, it's very, very important that you select the right materials to start with. And if you do that, you will see progress very, very quickly. And this way, you can actually feel more motivated and interested on continuing learning this case. The most important thing is to be creative with the 8020 principle, because it can be applied to any field in your life.

And it's one of the best techniques to increase your overall performance and happiness. So, try it out.