In today’s episode, I discuss Parkinson’s Law.
Norcote Parkinson wrote a book called Parkinson’s Law where he isolates some limitations of us all and particularly focuses in on the behavior of individuals within a group. In Parkinson’s Law he writes, “Work expands to meet the time envelope allowed.” Meaning if we have 5 days to complete a task, it will take us 5 days to complete the task. If we were allowed 30 days to complete the same task, we would take 30 days to complete the task.
Parkinson’s law also states that, “a luxury, once enjoyed, becomes a necessity” and “expenses rise equal to income” In a financial context, we can define Parkinson’s Law as: the more you earn, the more you spend. When our income increases, our expenses rise to meet or exceed that increase. We are always working against Parkinson’s Law.
Recommended Book:
Parkinson’s Law, and Other Studies in Administration by Cyril Northcote Parkinson
Resources:
Share This
Related
796: Michael Mathe: Different Strategies For Cashflow During Different Parts Of A Cycle
My guest in this interview is Michael Mathe. Michael is an investor and entrepreneur. Michael’s businesses Little Pink Houses Of America and VIP Financial Education, provide amazing business opportunities and financial education. Interview Links: prefer@vipfinancialeducation.com Resources: The 21 Best Cashflow Niches™: www.cashflowninja.com/21niches Subscribe To The Best Cashflow Niches™ Newsletter: www.cashflowninja.com/bestniches Join My Inner Circle &…
795: Kara Chaffin Donofrio: How to Build & Grow A Soul Inspired Business
My guest in this episode is Kara Chaffin Donofrio. Kara has lived and breathed Real Estate for over 18 years, and she loves it! From leading several of Long & Foster’s most profitable offices, overseeing 200+ agents and over $2 billion in sales transactions in her tenure, she has incredible knowledge of the market, the…
794: Marc Faber: What to Do In Gloom, Boom & Doom Times
My guest in this interview is Dr Marc Faber. Dr. Faber is the editor of the Gloom, Boom & Doom Report. He is referred to as the Billionaire they call Dr. Doom in Tony Robbins book, Money Master The Game. Interview Links: Gloom Boom Doom Website: https://www.gloomboomdoom.com/ Resources: The 21 Best Cashflow Niches™: www.cashflowninja.com/21niches Subscribe…
Connect
