The Compound Effect “is the principle of reaping huge rewards from a series of small, smart choices,” made consistently, over a long period of time.For example, would you rather have (A) $3 million upfront or (B) one penny that doubles in value every day for 30 days?If you have taken option (B) then - Day Money you have ($)1 0.012 0.02...15 327.67...27 1,342,177.2728 2,684,354.5429 5,368,709.0830 10,737,418.16 You can able to see the change after 28 days. It's the power of Compound Effect.

Compound Effect

“A daily routine built on good habits and disciplines separates the most successful among us from everyone else.”

“Allow yourself to go and do it wrong. Don’t expect to always get it right. It will prevent you from doing anything.”

“Step by step, day by day, your choices will shape your actions until they become habits where practice makes them permanent.”

“You make your choices, and then your choices make you.”

<ol><li>Start Strongly – start with a strong WHY</li><li>Set Yourself Up to Succeed – eliminate distractions</li><li>Think Addition, Not Subtraction – focus on what you will get not what you lose.</li><li>Make a Public Commitment </li><li>Find a Success Buddy –a friend or a coach</li><li>Set up Some Competition – compare the results with yesterday's progress</li><li>Celebrate – training your brain is much like training a dog so don’t underestimate the power of small, simple rewards for good behavior.</li></ol>

Creating Good Habits

<ul><li>Identify the influence of media and information on your life. Identify ways to protect it from the negative and fill it with positive information.</li><li>Evaluate your current associations. Which must you stop or limit? How will you expand your (good) associations?</li><li>Pick an accountable partner and decide when, how often, what to and how you’ll hold each other accountable.</li><li>Identify three areas of life you are most focused on improving. Find and engage a mentor in each area of those areas.</li></ul>

Influences

“The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge.”

“You can only control two things in life: Your attitude and your actions.”

Giving a little more energy or thought to your efforts won’t just improve your results, it will multiply them.<ul><li>Identify times when you hit your moments of truth and commit to pushing through them when you next get there.</li><li>Find three areas in your life where you can do “extra” and make a plan to do more.</li><li>Identify three areas in your life where you can beat expectations then plan where and how to create “wow” moments.</li><li>Identify three ways you can do the unexpected. Where can you differentiate from what is common, normal, or expected?</li></ul>

Acceleration

“You alone are responsible for what you do, don’t do, or how you respond to what’s done to you.”

<ul><li>Decide to take full responsibility for your own life – even if you can’t explain how you got here.</li><li>Write down 6 seemingly inconsequential positive steps you can start doing daily (like reading books).</li><li>Identify 6 seemingly inconsequential negative actions you can put a stop to. (less watching TV, less playing video games).</li><li>Identify any areas of life where you’ve enjoyed success in the past but may have become complacent and are no longer improving.</li></ul>

Actionable Steps

<ul><li>Create a good evening and morning routine.</li><li>List three areas of life where you’re not consistent enough. What has this cost you? Decide to be consistent from now on.</li><li>Create a habit register and write down a half-dozen key behaviors (which may be beneficial in the future).</li></ul>

Creating Momentum

<ol><li>Identify your triggers.</li><li>Eliminate those TRIGGERS from your Environment. </li><li>Substitute with a REWARD that has the same effect </li><li>Either: Ease into your new reward – (if No.3 doesn't work) some habits are easier to change by cutting them down slowly.</li><li>Or: Make a hard change – others are easier to dislodge with a quick decisive tug at the roots.</li></ol>

Eliminating Bad Habits

Always remember that - Luck = Preparation + Attitude + Opportunity + ActionNow - <ul><li>Identify the one area of life you’re struggling most with and start journaling all the things you’re grateful for about it.</li><li>Identify and assess an area of life you want to change and that you’re not taking 100% responsibility for.</li><li>Start tracking at least one behavior in one area of your life you’d like to change and improve.</li></ul>

Choices

“Consistency is the key to achieving and maintaining momentum.”

No gimmicks. No Hyperbole. No Magic Bullet. The Compound Effect is based on the principle that decisions shape your destiny. Little, everyday decisions will either take you to the life you desire or to disaster by default. Darren Hardy, publisher of Success Magazine, presents The Compound Effect, 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.

personaldevelopment

Personal Development

habits

Habits

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: <ul><li>How to win--every time! The No. 1 strategy to achieve any goal and triumph over any competitor, even if they're smarter, more talented or more experienced.</li><li>Eradicating your bad habits (some you might be unaware of!) that are derailing your progress.</li><li>The real, lasting keys to motivation--how to get yourself to do things you don't feel like doing.</li><li>Capturing the elusive, awesome force of momentum. Catch this, and you'll be unstoppable.</li><li>The acceleration secrets of superachievers. Do they have an unfair advantage? Yes they do, and now you can too! </li></ul>

Darren Hardy is an American author, keynote speaker, advisor, and former publisher of SUCCESS magazine. Hardy is a New York Times best-selling author, who wrote The Entrepreneur Roller Coaster, Living Your Best Year Ever and The Compound Effect. 

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