The Compound Effect
Did you know the #Major keys to life’s successes are rooted in the smallest actions taken consistently over time? That’s called “The Compound Effect!”
Darren Hardy’s “The Compound Effect.” It is one of the best books I have ever read on what it takes to become successful at anything. Join me & my friends as we discuss the Principles of the #CompoundEffect… A Single Mother of Three + A Real Estate Enthusiast + An #Idea Architect
Darren argues that the only path to #success is through the continuum of intentional, consistent, and sometimes difficult daily disciplines compounded over time.
That’s right folks; if you want to lose the muffin top, you have to be willing to move more or eat less. If you're going to be wealthy, you have to invest more and spend less…Reaching these goals can be achieved by incorporating small actions and developing them into habits.
Below are some key terms discussed in this episode and how they play into our conscious and unconscious mind:1. A little #mess talkin’ & Overview
2. The Magic Penny - The mystery of compound interest
3. Microwave Mentality
4. The Recipe of #Luck
5. Tokens of Appreciation and Attitude
#Like #subscribe #download for the topics mentioned above of discussion and #real take-a-ways that you can apply today!The Magic PennyWhich is better – taking $3 million in cash now, or a single magic penny that will double in value every day, for 31 days? Most people will choose the $3m cash immediately. Indeed, if you took the penny, you’ll have only about $5,000 in 20 days. But, in the remaining 31 days, this amount will compound to $10,737,418.24, way more than the $3m cash.Every choice generates behavior, which eventually forms habits that reinforce our future decisions. Hence, every decision affects your life path (e.g., deciding to eat that cookie, marrying your spouse). Here’s the compound effect in a nutshell:Small Choices and Actions MatterOur conditioned responses from childhood form habits and routines which we do automatically without thinking. Patterns are like saplings that grow into trees – the older they get, the harder they are to uproot. However, they can be conditioned, and you can compensate for lack of innate ability by cultivating the right habits.Microwave mentalityForget instant-results. Daniel Gilbert: Stumbling on #Happiness most #lottery players lose. #Athletes who succeed: start before and end after others. Faced #failure , #loneliness, #hardwork, #disappointment.
The only path to success: through mundane, painful, unexciting daily disciplines over time. The compound effect is always working. Either you make it work for you, or it will have negative consequences.
