![]() The key to earning more and working less is to pick the right thing to do and to do only those things that add the highest value. It follows that the best people are always underpaid and the worst people always overpaid. Workers who are above average will tend to be paid more than those who are below average, but nowhere near enough to reflect the differential in performance. 80/20 at WorkĨ0% of the value in any organization or profession comes from 20% of the professionals. However strong relationships between X and Y, the ones that really matter for you are your with X and yours with Y. A chin is as strong as it’s weakest link. If you have a strong alliance with both X and Y and they have one between each other, that is excellent. You alone cannot make yourself successful (in any area of life). Focus on your attention on nurturing the key alliances of your life. You need them at the right time, in the right place and with a common interest in advancing your interests.ĭo not assume your friends and allies are all of roughly equal importance. You don’t need many allies but you need the right ones, with the right relationships between you and each of them and between themselves. Let those good investments compound: Nobody ever went broke by taking a profit, but many people never got rich by following the same procedure. It is crucial to pick this 20% well, and then concentrate as much investment as possible into it. Typically, 80% of the increase in wealth from most long-term portfolios comes from fewer than 20% of the investments. They seek indirect goals like money or promotions that may be difficult to attain and will prove when they are attained to be extremely inefficient sources of happiness.
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