Living the 80/20 Way, by Richard Koch — Book Summary

A summary of the book Living the 80/20 Way, by Richard Koch and how we’ve implemented it in our lives.
Living the 80/20 Way: Work Less, Worry Less, Succeed More, Enjoy More:
Buy on Amazon: https://amzn.to/3gjUgN6
Scroll down for the show notes and to watch or listen.

KEY TAKEAWAYS

Focus on the few things that give the greatest reward, with the least effort.

3 Step Process

  1. Focus on your 80/20 Destination
  2. Find your 80/20 Route
  3. Take 80/20 Action

5 key areas

  1. Your Self
  2. Work and Success
  3. Money
  4. Relationships
  5. Simple, Good Life

Your Self

  • Who do you want to become/do?

Work and Success

  • What tasks do enjoy? What job would make you happy?

Money

  • Wealthiest 20% of the population owns 85% of the wealth.
  • Be specific about your money destination.
  • The route could be to automatically transfer 10% to savings each month

Relationships

  • 80% of your satisfaction comes from 20% of the people you know.
  • Ask your partner and loved ones what top few things you can do to make them happy.

Simple, Good Life

  • Happiness doesn’t come from what we buy. It comes from how we spend our time.
  • Create a chart with Happiness on one axis and money spent on the other. Spend most of your time on things that bring a high amount of happiness at a low cost.

Have you read Living the 80/20 Way? Let me know what you thought of it in the comments below.

Live your Dreams,
George Choy & Sarah Choy (Financially Free at 39)
Authors of the Amazon #1 Bestsellers:

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Living the 80/20 Way by Richard Koch - Book Summary
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