Search

Home > Think Enriched > The 80/20 rule in money & relationships
Podcast: Think Enriched
Episode:

The 80/20 rule in money & relationships
Category: Kids & family
Duration: 00:17:16
Publish Date: 2016-02-18 23:00:00
Description:

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:

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

Subscribe in iTunes.  Or Stitcher Radio.

Rate & Review the show.

Have a question.  Send me an email:  amy@thinkenriched.com.
Total Play: 0