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The Compound Effect
by Darren Hardy
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SMALL, SMART CHOICES + CONSISTENCY + TIME = RADICAL DIFFERENCE
The Compound Effect is the principle of gathering huge rewards from a series of small, smart choices. Small, seemingly insignificant steps completed consistently over time will create a radical difference.
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Everything in your life exists because you first made a choice about something. Choice is at the center of all success and failure. It is what we choose that makes the biggest difference.
Too often we sleepwalk through our choices. We default to choices that our society and culture tells us we should do. And it's not big choices, but ones that you think don't matter or count for much that derail us.
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Repeated choices become habits. The first step toward change is awareness and the best way to become aware is to measure.
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Preparation (personal growth) + Attitude (belief/mindset) + Opportunity (a good thing coming your way) + Action (doing something about it) = Luck
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Learning leads to knowledge. Studying a topic means you are invested in it.
The world already has tons of knowledge. You don't need to learn more. What you need is to study, to practice, and to take action on the knowledge you have.
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Resistance towards what can help us progress is something human beings are experiencing for centuries. Philosophers call this extremely active and relentless force Akrasia...
Akrasia is an emotional management problem keeping us from having a better future. It will make up any story to keep us away from something good. It will always prefer instant gratification, harming us in the long run, rather than doing something valuable that can help us in a positive way.
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While the much-hyped motivation and willpower have little effect against Akrasia, mindfulness meditation has the power to refocus your actions, and stop the mindless time-wasting.
Mindfulness acts as a foundation for conquering procrastination. We need to proactively take control of our feelings and act towards our goals, something which is possible only with a mind sharpened with mindfulness.
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It's a cognitive bias that causes people to think or act in a certain manner because they believe that other people are doing the same.
For example, the bandwagon effect might cause...
It serves as a mental shortcut that people instinctively use in order to make a decision quickly.
Specifically, bandwagon cues, which are signs that other people believe something or are doing something, can trigger the thought that “if other people like this, then I should too”.