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About The Compound Effect Book
The New York Times and Wall Street Journal bestseller, based on the principle that little, everyday decisions will either take you to the life you desire or to disaster by default.
No gimmicks. No Hyperbole. No Magic Bullet. The Compound Effect is a distillation of the fundamental principles that have guided the most phenomenal achievements in business, relationships, and beyond. This easy-to-use, step-by-step operating system allows you to multiply your success, chart your progress, and achieve any desire. If you're serious about living an extraordinary life, use the power of The Compound Effect to create the success you want. You will find strategies including:
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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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You make choices, then choices make you !
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โฆโฆ.ย is โthe principle of reaping huge rewards from a series of small, smart choices,ย made consistently, over a long period of time.โ
Compounding requires enormous amounts of patience and faith.
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Would you rather have (A) $3 million upfront or (B) one penny that doubles in value every day for 31 days?
Choose any one!!
To maximise your gains, the correct answer is (B). But it doesnโt happen quickly. After 19 days youโd still only have $5,243 and you might feel prettyย foolish next to a friend who chose option (A).
Itโs not until day 29 that the compounding gains of option (B) net you $3 million. And by day 30 your patience would have tripled option (A). (See figure)
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I found that Compounding is vital across various aspects of life i.e. finance, education, health, skills, productivity, personal development, emotional well-being and relationships. In essence, compounding serves as a foundational principle that magnifies progress, allowing gradual, sustained efforts to yield remarkable results across diverse life domains.
Small Smart Choices + Consistency + Time = RADICAL DIFFERENCE
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If you were given a choice between taking $3 million in cash this very instant and a single penny that doubles in value every day for 31 days,
which would you choose?
Now, calculate independently and see the โmagicโ of compounding pennies.
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Compound interest is a powerful force, and it can help you grow your wealth and life in general.
Is "the principle of reapingย huge rewardsย from aย series of small, smart choices,ย made consistently, over a long period of time.โย Compounding requires enormous amounts ofย patience.
For example: Would you rather have (A) $3 million upfront or (B) one penny that doubles in value every day for 31 days?
To maximise your gains, the correct answer is (B). But it doesnโt happen quickly. After 19 days youโd still only have $5,243 and you might feel prettyย foolish next to a friend who chose option (A).
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โย You will never change your life until you change something you do daily.ย
Theย secret of your success is found in yourย daily routine.โ
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Everything in your life exists because of a choice you made. Every choice has anย impactย on your lifeโs Compound Effect.ย You can not sleep-walk through life and expect good outcomes.
Successful people arenโt more intelligent/talented, they just haveย habitsย that help them be more informed, knowledgeable, skilled, prepared, competent.ย
It's your small (subconscious) habits and your (conscious) choices that in time compound to the person you are now. To change the future you have to change your habits and actions.ย
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โAllow yourself to go and do it wrong. Donโt expect to always get it right. It will prevent you from doing anything.โ
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The Compound Effect โis the principle of reaping huge rewards from a series of small, smart choices,โ made consistently, over a long period of time.
For example, would you rather have (A) $3 million upfront or (B) one penny that doubles in value every day for 30 days?
If you have taken option (B) then -ย
Day Money you have ($)
1 0.01
2 0.02
.
.
.
15 327.67
.
.
.
27 1,342,177.27
28 2,684,354.54
29 5,368,709.08
30 10,737,418.16
You can able to see the change after 28 days. It's the power of Compound Effect.
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โThe ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge.โ
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At a certain point in time, we develop bad habits, which are harmful to us and we need to remove those bad habits. These ideas tell us how to unlearn and remove bad habits.
Habits are what can help us in shaping our future. Good habits can build us however bad ones can destroy us. Here are some strategies to leave bad ones.
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A teacher and his young pupil were wandering in a forest. The teacher asked his pupil to pull up the sapling which was just sprouting from the ground. The pupil pulled it easily. The teacher again asked the pupil to pull up the sapling which was knee-high to the boy. With a little effort, the pupil pulled that too. Ultimately, the teacher asked to pull up a mighty oak which was so tall that the boy could not see the top. The pupil seeing this told that it is impossible.
"My boy, you just demonstrated the power that habits will have over your life!" the teacher exclaimed. The older they are,...
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the bigger they get, the deeper the roots grow and the harder they are to uproot. Some get so big with roots, so deep, you might hesitate to even try."
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Assume I gave your friend $3 million, and I asked you to save a penny for a month, with it slowly doubling each day. Which would you pick?
If youโve come across this gambit before, you know picking the penny is the right option. Yet, why is it, in reality, a decision like this would be so hard to make? On day ten, you have $5.12 while your friend is still in the millions. Day 20, youโre still stuck with $5,243.
The real magic happens on day 29. You have 3million dollars, and your friend may have spent half his cash. Day 30, you have $10,737,414.24
This is the magic of the compound effect.
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People donโt achieve who they are overnight, but because of a series of choices that they have made.
We humans often make bad choices because we love anything that provides us with instant gratification. If you immediately developed lung cancer, the moment you picked up that cigarette, Iโm sure you wouldnโt think twice about stopping smoking for good.
Any awful habit repeated over a long period takes you one step farther away from your future goals. Similarly, every decent habit performed diligently over time pushes you a step closer.
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"We are what we repeatedly do, Excellence then, is not an act, but a habit."
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Reading the book ๐
it's not the fastest who wins the race but Slow and steady wins the race'. Because of the consistency.
Compound effect is the principle of reaping huge rewards from a series of small, smart choices.
At every point of time we have choice to choose go ahead or stop doing what we are doing. And what we choose at that point of time results in future.
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The most interesting thing about compound effect is that even thogh the results are massive, the steps, in the moment, don't feel significant. This principle, we can use for improving health, relationships, finances, or anything , however the changes are very subtle.
These small changes offer littl3 or no immediate resuly, no big win, no obvious but in the long run, it creates great results.
Most of the people tripped up and give up so early because they dont see any immediate results.
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But the reality is that even one small change can have a significant impact that causes an unexpected and unintended ripple effect.
Compount effect can also work in negative way and can create a ripple effect thay impacts our entire life.
SMALL, SMART CHOICES+CONSISTENCY=RADICAL DIFFERENCES
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This book taught me how my trivial actions over time can change my life. So after reading this book, I ponder over every action I take. I understood my actions today are seeds which will turn into a tree in a long run. This book made me cautious
Small but consistent actions can lead to accomplishing what we desire. This amazingย book by Darren Hardy teaches us the power of continuous improvement, how to install good habits and remove bad ones , importance of our choices and so on
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No matter what you learn, what strategy or tactic you employ, success comes as the result of the Compound Effect.
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The Compound Effect is the principle of reaping huge rewards from a series of small, smart choices.ย
Small, but smart choices or steps which we carry consistently over time can bring a huge difference.
Small, smart choices + Consistency + Time = Radical Difference
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"Our life is deeply interrelated with compound effect. Health,business, relationship -you name it. So in our day to day life,we can't but be dependent on it."
"Consistency is the key to achieving and maintaining momentum.โ
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"Small, Smart Choices + Consistency + Time = RADICAL DIFFERENCEโ
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