The 80/20 Rule applied your way

[Len Roche]

HI all,

Just started reading the Millionaire Real estate Investor, and came across the concept of the 80/20 Rule: Where 80% of your results are determined by only 20% of your actions.

I personally I can see this being applied both in the  personal and the real estate world, by focusing on activities that deal with my strengths, while outsourcing tasks that I am weak in to some who excels in that area. Thus I can free my time up to work on the most important aspects of the business.

My questions for the community is: 

How do you harness the power of the 80/20 in your business/personal life?

What have been the results from applying this rule?

If you haven't applied the rule; in what aspects of you business/personal life do you see the 80/20 rule at work?

Thanks,

Len