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Using Pareto's Principle (80:20 Rule) in the New Year
Manage episode 460043536 series 3485712
Mastering Time Management and Financial Decisions with Pareto's Principle
In this episode of the Bryan Foltice Behavioral Finance Podcast, Dr. Foltice returns after a hiatus to discuss the challenges of time management and financial decision-making, using Pareto's Principle (the 80/20 rule) as a guide. He shares his personal experiences from a demanding fall semester, reflects on the importance of focusing on high-impact activities, and offers actionable steps to improve time and financial management for the upcoming year. Dr. Foltice also emphasizes the benefits of passive index investing and minimizing distractions like email and smartphones to enhance productivity and financial well-being.
00:00 Introduction to the Podcast
00:44 New Year, New Topics: Time Management and Behavioral Finance
01:31 Personal Experiences and Challenges
06:02 Understanding Pareto's Principle
10:35 Applying Pareto's Principle to Time Management
12:33 Financial Decisions and Investments
15:01 Actionable Steps for Improvement
19:46 Conclusion and Final Thoughts
Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
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