Think Enriched

The 80/20 rule in money & relationships

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Sinopsis

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