@Jarenb and I had an interesting discussion about the 10X Rule vs. the 80/20 Principle - you can hear the whole thing here: https://retipster.com/070-10x-vs-80-20/
What do you think? Does one of these approaches make more sense than the other? If so, why?
I personally think there's a time and place for both... but if I had to pick one, I think it makes a lot more sense to figure out the 80/20 first and THEN dive into the 10X once you know what works.
Great episode! I agree that there is a time and place for both. I like the suggestion of applying the 10X philosophy once you know which 20% of the 80/20 rule is effective. Obviously figuring out that 20% is the hardest part at the beginning. It helps motivate me to remember that so many endeavors are numbers games, and that's where the 10x mindset can come in to play.
I particularly loved the comment "You don't rise to the level of your goals. You fall to the level of your systems."
@DanielC - thanks for listening! Yeah, that was a great quote - taken directly from Atomic Habits by James Clear. :)
I love the principal of 10x but I'll be honest, there is a quality of life aspect here too. Grant has some pretty big bags ubder his eyes these days...
I think, becoming effective and consistent (more of the automic habits side) every day/week/month is my goal.
Once I dominate a skill, system, aspect of business it requires less of my time and I can them multiply
In the words of John Maxwell "activity is not necessarily achievment"
In the words of John Maxwell "activity is not necessarily achievment"
I love that!
@jawollbrink Quality of Life is what crossed my mind as well. 10x is great in theory but what are you really after? Improperly focused "Explosions" just create collateral damage.
Slightly off topic:
This is the best logic I've come across as to why time seems "slower" when we're young and "faster" when we're old in hindsight:
https://www.scientificamerican.com/article/why-does-time-seem-to-speed-up-with-age/
TL;DR - New Experiences = "Longer" experiences and everything is new when you're young.
@JT that makes total sense! I’ve actually thought about this many times... never been able to explain it succinctly though. Thanks for sharing!