The Compound Effect
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
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
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