Why You Need to Understand Price's Law and the 80 20 Rule (Pareto Principle)

Why You Need to Understand Price's Law and the 80 20 Rule (Pareto Principle)

00:07 Intro
00:52 Price's Law
03:11 What do we do with Price's Law
04:18 Pareto Principle
05:16 What do we do with the Pareto Principle
06:42 Summary

If you liked this video, make sure to click thumbs up!

Eric Amzalag, CFP®, RICP®

Subscribe to be notified of future videos: / @peakfinancialplanning

_ _
For more resources and content, check us out below!

Want to schedule a consultation? Click here:

Disclaimer: Please consult with your own tax, legal and financial advisors for personalized advice.

[liverpool]

In any company, lets say 1000 people, first 200 people produce 80% of results, and last 800 people produce 20% of results. The problem is... if you find those 800 people and fire them all, then out of last 200 people you are still going to have first 40 people producing the 80% of results and last 160 people producing 20% of results... There is no end. You cannot optimize it.