Saturday, August 16, 2014

Axiom 53: Success in Numbers

Our universe is filled with numbers. They impact our lives and our very existence. Below are a few of my favorite "numbers" based observations that relate to success.

  1. The 10,000 Hour Rule - I have written about this rule previously. It takes 10,000 hours of study to truly master a skill.
  2. The 80/20 Principle (Pareto Principle) - 80% of effects come from 20% of the causes. For Example: 80% of sales come from 20% of your product offerings.
  3. Your IQ will determine your future - A person with an IQ of 116 or more can do almost any job. See Table 1 here
  4. Your education will determine your future salary - $31,539/year for high school graduates, $56,078/year for college graduates, $100,000/year for professional degrees. See the full chart here.
  5. Edison's 10,000 Failures - Edison went through many failures while trying to invent the light bulb. Sometimes you have to endure multiple failures in the pursuit of success.
  6. The average millionaire goes bankrupt 3.5 times - read more here.
  7. 52% of Americans believe that rich people gained their wealth through hard work - read more here.
  8. 86% of millionaires are self-made - read more here.