The Compound Effect

Darren Hardy

2012

Jumpstart your Income, your Life, your Success

Chapter 1 - The Compound Effect in Action

Early results of consistent good habits are intangible, but long-term consequences can become massive.

The only path to success is through a continuum of mundane, unsexy, unexciting, and sometimes difficult daily disciplines compounded over time.

Chapter 2 - Choices

"We all come into this world the same: naked, scared, and ignorant."

Every decision, no matter how slight, alters the trajectory of your life.

OWNING 100 PERCENT

LUCK = Preparation + Attitude + Opportunity + Action

Keep track of everything

Chapter 3 - Habits

Aristotle - "We are what we repeatedly do."

- Start by thinking your way out of the instant gratification trap

- Finding your mojo - your Why-Power

- Goals - WHO you have to become

YOUR Goals = Choice + Behavior + Habit + Compounded

Game changers: five strategies for eliminating bad habits

1. identify your triggers

2. clean house

3. swap it

4. ease in

5. or jump in

Run a vice check

Game changers: six techniques for installing gold habits

1. set yourself up to succeed

2. think addition (alternative), not substraction

3. go for a PDA: Public Display of Accountability

4. find a success buddy

5. competition & camaraderie

6. celebrate!

Change is hard - Martin Luther King: "The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenges." - be patient

Chapter 4 - Momentum

Routine power

Bookend your days

Getting into a rhythm: finding your new grove

"Commitment is doing the thing you said you were going to do long after the mood you said it in has left you."

Registering your rhythm

"You have to build a program that you can do for fifty years, not five weeks, or five months."

The power of consistency

Chapter 5 - Influences

Everyone is affected by three kinds of influences: input (what you feed yiur mind), associations (the people with whom you spend time), and environment (your surroundings).

1. Input: Garbage In, Garbage Out

2. Associations: Who's influencing you?

"Never ask advice of someone with whom you wouldn't want to trade places."

3. Environment: Changing your view changes your perspective

Chapter 6 - Acceleration

"It's not getting to the wall that counts; it's what you do AFTER you hit it."

Beat the expectations - Do the unexpected - Do better than expected