Tools, practices and methods

The world is full of amazing tools that may be perfectly suited to accelerate our journey, but often we only discover them through chance encounters, and can lose years being stuck in sub optimal loops.

Our endeavor is to catalog a growing list of tools and eventually match them to you based on your context.

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SWOT Analysis

SWOT analysis is a strategic planning tool used to identify and evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or business venture. It is a comprehensive framework that helps organizations and individuals understand their internal capabilities and challenges, as well as external factors that may impact their success.

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Problem Tree Analysis

Problem Tree Analysis, also known as "Issue-Cause-Effect" analysis, is a visual tool used in project management, strategic planning, and problem-solving. It provides a systematic approach to understanding and addressing complex issues by breaking them down into their constituent parts. The analysis is represented in a diagram resembling a tree, with the core problem as the trunk, its effects as branches, and the underlying causes as roots.

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“Eat That Frog!” Technique

The "Eat That Frog!" technique is a time management and productivity strategy popularized by Brian Tracy in his book titled "Eat That Frog!: 21 Great Ways to Stop Procrastinating and Get More Done in Less Time." The concept is a metaphorical way of encouraging people to tackle their most challenging or important task—referred to as the "frog"—first thing in the morning.

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The Ivy Lee Method

The Ivy Lee Method is a productivity technique that involves prioritizing your tasks by creating a list of the six most important things to accomplish each day. At the start of the day, you write down these six tasks in order of importance and focus solely on completing them before moving on to anything else. This method helps to increase focus, reduce overwhelm, and improve productivity by concentrating on a smaller number of key tasks each day.

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Zero-Based Budgeting Method (ZBB)

Zero-based budgeting (ZBB) is an approach to budgeting that involves building a budget from the ground up, starting with a zero base for each budgeting period. In both personal finance and organizational contexts, this means that every expense must be justified and approved, regardless of whether it was included in previous budgets.

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Cash Flow Budgeting Method

Cash flow budgeting is a financial management approach that focuses on tracking and managing the actual inflows and outflows of cash in a given time period. This budgeting method is particularly useful for individuals, businesses, or organizations to understand how money is moving in and out of their accounts, ensuring they have enough liquidity to cover their financial obligations.

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Debt Avalanche Method

The debt avalanche method is a debt repayment strategy that involves prioritizing and paying off debts based on their interest rates. In this method, you focus on tackling the debt with the highest interest rate first, making larger payments towards it while paying the minimum on other debts.

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Debt Snowball Method

The debt snowball method is a debt repayment strategy that involves paying off debts in a specific order, starting with the smallest balance and progressing to the largest. In this approach, you focus on eliminating the debt with the smallest outstanding balance first, regardless of the interest rate associated with each debt.

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The 50/30/20 Budgeting Rule

The 50/30/20 rule is a budgeting principle that recommends dividing your after-tax income into three main categories: allocate 50% to essential needs such as housing and utilities, 30% to discretionary wants like entertainment and dining out, and reserve 20% for savings and debt repayment, encompassing contributions to savings accounts, retirement funds, and debt reduction.

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The Envelope System

The envelope system is a budgeting method that involves allocating and managing cash for different spending categories using physical envelopes. This system is designed to help individuals and households control their spending, prioritize financial goals, and avoid overspending in specific areas.

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Pareto Principle(The 80/20 Rule)

The Pareto Principle, commonly known as the 80/20 rule, suggests that roughly 80% of results often come from 20% of causes or efforts. It highlights the disproportionate relationship between inputs and outputs, emphasizing that a small portion of factors typically contributes the most to outcomes. Applied in various fields, including personal finance, it helps identify crucial areas for focus, resource allocation, and optimization to achieve more significant impact with less effort.

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Help us build this list, please suggest any tool / method or practice that you know.