Summary of Living the 80/20 Way by Richard Koch
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Like most people in today's society, you may be tired of the daily grind. You simply wake up, head to work, sit at your desk all day, head home, eat dinner, go to bed, and do it all again the next day. There has to be more, right? Well, according to Koch, we are living life all wrong; instead of working to live, we live to work. We spend most of our time exerting our energy at work, only to find that when we get home, we are too exhausted and to give our best selves to our families and friends. Here’s where the 80/20 principle comes in. The 80/20 principle refers to the observation that roughly 80 percent of results stem from 20 percent of causes. For example, the world’s top 20 percent of people generate 80 percent of the world’s wealth.
While this principle has been used successfully in the business and economics world, it can now be applied to the lives of any individual. In other words, we can achieve more by doing less. As you read, you’ll learn how to find your happiness islands, how to save money like the wealthy, and lastly, how living a simple life may be the key to success.
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