Think Enriched

The 80/20 rule in money & relationships

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How does the 80-20 rule work in your life?  Are you spending your money & time in life the way you want?  

In this episode we discuss:

  • The Pareto Principle, or the 80/20 rule.  
  • Defining the 20/30/50 rule.  
    • 50% of your income goes to the fixed costs: rent, utilities, food (groceries), and clothes
    • 20% goes to the future costs:  pay off debt, investments, savings, emergency fund and retirement.
    • 30% fun costs:  (lifestyle) cell phone, cable, internet, movie nights, date nights, gym memberships, travel
    • February's challenge is about relationships.  The way we build relationships is shown by how we spend our time.
    • 80% of our time is spent with people you have to spend time with (co-workers, classmates)
    • 20% of our time is spent with people you choose to spend time with (how are we showing our loved ones)
    • How are you spending 20%of your time that you want to spend time with?
    • What does it mean to Think Enriched?  It's not all puppy dogs and rainbows.  

      •  Resources mentioned in this episode:

      • Jon Stolpe: the 7 Week Stretch Challenge
      • Pauline Stockhausen, find her episode here.

        • You know about the Think Enriched Crew, but are you in yet?

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        Think EnrichedBy Amy Robles