We’re going to Game School in this post so get ready, we're about to get a little deep!
The Law of 5 is what we call “Inner Game”. It's an extremely simple method you can use to:
(1) Evaluate current situations
(2) Calculate future situations
This Law can be applied to business, economics and everyday life. In this post we’ll just be dealing with the ‘return on investment’ aspect.
The Law of 5 is very similar to The Pareto principle.
Ok, who is Pareto?
Vilfredo Pareto was an Italian economist. His philosophy was called, The Law of the Vital Few. He observed that 80% of the EFFECTS come from 20% of the CAUSES.
This concept is also called the 80/20 rule.
This Law is also part of the Discordia "religious philosophy" although their interpretation is different. It never ceases to amaze me how old the Game really is and how its principles have been used worldwide throughout history. Enough of the history lesson, back to the point…
I learned this Law while I was Hustling. In the Game we call it the Law of 5 or the “Glove Law”. A glove goes over the hand and of course has room for 5 fingers. Each finger represents 20%:
5 fingers multiplied by 20% equals 100%.
The 80/20 rule (The Pareto Principle) also equals 100%:
80% + 20% equals 100%.
The thumb isn't the strongest part of the hand, but it serves many necessary functions. Obviously the thumb is 1/5th, or 20% out of 100%.
We count things in groups of odd numbers – 1s, 3s, 5s, 7s and 9s. The number 9 of course is the highest single digit number. We calculate odd numbers to round us off to even numbers.
Let’s a little closer at the Law of 5, also known as The Pareto Principle. Here’s how it applies to money and business to help clarify the concept in your mind:
Got it? Great! So now let’s apply this to everyday life.
Still with me? Now here’s the important part of the message I want to get across. If you really understand this, it can change your life, just like it did mine. Ready? Let’s get it!
20% of your waking hours should be spent on working toward your goals. There are 24 hours in a day, if you slept 8 hours that leaves you with 16 hours you are awake.
Using our “thumb” (20%) --- 20% of 16 hours is approximately 3 hours.
If you spent 3 hours a day working on your goals instead of watching TV, messing around online or giving into other distractions, you would have 15 hours dedicated to making your dreams a reality. That’s 3 hours a day, 5 days a week (3 X 5 = 15).
15 hours a week is equal to 60 hours a month.
60 hours a month equals 720 hours a year.
And just those 3 measly hours (20% of your day) will return to you, four times over (80%)! Even just half of that can be effective (1 hour and 30 minutes a day = 360 hours a year).
This is the Glove Law in action. When you ball your thumb (20% of time) around your fingers (80% of results), you make a fist. This “fist” will let you “knock out” goals one-by-one from now throughout the rest of your life.
Wasted time is the second biggest killer of goals, ambitions, aspirations and dreams. Take control of it RIGHT NOW! Get your Game Straight and stay Game Tight!
Keep it simple, always.
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