How to Apply the Pareto Principle (AKA: The 80/20 Rule)

How to Apply the Pareto Principle (AKA: The 80/20 Rule)

Have you ever heard of the 80/20 rule? Let’s turn our eyes to Investopedia–which describes the Pareto Principle, otherwise known as the 80/20 rule.  They share that “in Pareto’s case, he used the rule to explain how 80% of the wealth is controlled by 20%...