I've been trying to apply the 80-20 rule to my personal finance. For a refresher: The 80-20 aphorism asserts that 80% of outcomes (or outputs) result from 20% of all causes (or inputs).
What do you think are 20% activities?
Here is a list I came up with and currently do. But, I'm wondering if there's more effective things I could be doing. What are your thoughts?
- Take inventory of my cashflow every month. For me, it's a spreadsheet of incomes and expenses.
- Contribute to my Roth IRA. This is an automated process to max out my contributions.
- Read up on finance. I do this about 2 times a week.
- Stay physically fit. I know it's a strange one, but medical bills are high in America.
Any advice would be appreciated.
Submitted January 09, 2021 at 09:01PM by Prestigious_Squash81 https://ift.tt/39fJrtv
