How to Use the 10-10-10 Rule

The 10-10-10 Rule was created by Suzy Welch and is a way of making decisions by reviewing the consequences over different periods of time. The rule can be applied to almost all important decisions in life, including relationships, family, financial and business decisions. However, there is more than one 10-10-10 rule. Two other 10-10-10 rules pertain to keeping your eyes healthy and strong and managing money. Each rule provides helpful tips that can be used in everyday life.

Instructions

  1. Decision Making 10-10-10 Rule

    • 1

      Ask yourself what will happen within the next 10 minutes if you make either of the choices presented to you. This considers what the immediate impacts of the decision will be on your life. Sometimes the consequences for either choice are not desirable in the immediate future. Suzy Welch used the example of staying late at work bucking for a promotion, or upsetting her children and baby sitter by coming home later than expected. The immediate consequences for each decision were negative.

    • 2

      Consider what the outcome of the decisions will mean within the next 10 months. This gives a chance to think about things in the intermediate time frame. In Suzy's example, thinking about having the promotion and possibly better income within 10 months made the decision clear. The baby sitter and the kids would get over her coming home late once in a while.

    • 3

      Think about the consequences of the decisions over 10 years. This will provide a long-term perspective on the decision you are making. For example, a divorce's consequences may be negative over the first 10 minutes and 10 months for a family, but maybe in 10 years everyone has had a chance to move on and be happier.

    Eyesight 10-10-10 Rule

    • 4

      Look away from work when close-up vision has been at work for at least 10 consecutive minutes. An example of using close-up vision is working at a computer for long periods of time. These periodic breaks give your eyes a change to rest.

    • 5

      Find an object that is at least 10 feet away to focus on. Focusing on items at least 10 feet away uses different muscles within the eye to focus on the object.

    • 6

      Stare at the object for at least 10 seconds to give a sufficient break to your eyes before resuming your previous activity.

    Money Strategies for Kids

    • 7

      Allot 10 percent of money toward a savings account. This will begin a habit of saving for an emergency fund, education costs or a large purchase in the future.

    • 8

      Invest 10 percent of the money. This money has a chance to grow over time through appreciation, dividends or interest. It can be used toward retirement or other large financial goals such as buying a home.

    • 9

      Hold 10 percent of the money back for charity. The child will feel good about giving back to a charity of their choosing and making a difference in other people's lives.

    • 10

      Allow children to decide how to use the remaining 70 percent. Using this strategy will help them learn the value of making a budget and the importance of saving money.

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