The Compound Effect Book Summary by Darren Hardy.
“Talk about things that matter with people who care.” -Jim Rohn
The compound effect is the operating system that has been running your life whether you know it or not.
“There are no new fundamentals.” -Jim Rohn
Success is doing a half dozen things really well, repeated five thousand times.
You don't need more knowledge. You need a new plan of action.
Consistency is the ultimate key to success.
If you aren't better, work harder.
The compound effect is the strategy of reaping huge rewards from small, seemingly insignificant actions.
Small choices + consistency + time = significant results.
Tony Robbins' no man's land concept is when you're not really happy about your life, but you're not unhappy enough to do anything about it. You want to avoid this complacency.
Knowledge uninvested is wasted.
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.
It's not big choices, but ones that you think don't matter or count for much that derail us. You don't consciously think about it, but these small decisions can really change things.
Keep a daily gratitude journal about your spouse. Write down one thing you are thankful for each day about your spouse then give them the book as a gift one year later.
Gratitude is acknowledging there are people in your life who have done things for you that you couldn't do for yourself.
What you appreciate, appreciates.
You have to be willing to give 100 percent in your relationships. Always take 100 percent responsibility for everything that happens to you.
You alone are responsible for your situation.
Everyone has the opportunity to be lucky. If you live in a free society, you are lucky.
The first step toward change is awareness. The best way to become aware is to measure. Writing it all down is key.
Tracking your progress and missteps is key for long-term success.
Track your behavior for at least one week.
All winners are trackers. You cannot improve something until you measure it.
Professional athletes are particularly big trackers.
Tracking will revolutionize your life. The author started by tracking every financial decision in a notebook.
Merely becoming conscious of your actions begins to change them.
Every dollar you spend today is costing you $5 in twenty years. (Because of opportunity cost from investing.)
Making small course corrections will result in exactly zero applause.
The difference between the number one golfer and number ten golfer is just 1.9 strokes. The difference prize money is huge.
Start by saving 1 percent of your money each month. Then save 2 percent the next month. Continue until you are saving 10 percent of what you earn.
Dave Ramsey: personal finance is 80 percent behavior.
The earlier you start making changes the more the compound effect works in your favor.
The key to success is this: are you learning each day?
No business is going to keep someone around just for showing up. You have to continually get ready.
Your life is a result of your moment to moment choices.
The older your habits are and the deeper their roots, the harder they are to change.
It stands to reason that since you learned every habit you have, you can also learn new ones.
If the nose of a plane is pointed just one percent off course when it leaves LA for New York, it will end up in Delaware once it gets to the east coast.
The most motivating choices are ones that align with your “why” and your purpose.
“Talk about things that matter with people who care.” -Jim Rohn
The compound effect is the operating system that has been running your life whether you know it or not.
“There are no new fundamentals.” -Jim Rohn
Success is doing a half dozen things really well, repeated five thousand times.
You don't need more knowledge. You need a new plan of action.
Consistency is the ultimate key to success.
If you aren't better, work harder.
The compound effect is the strategy of reaping huge rewards from small, seemingly insignificant actions.
Small choices + consistency + time = significant results.
Tony Robbins' no man's land concept is when you're not really happy about your life, but you're not unhappy enough to do anything about it. You want to avoid this complacency.
Knowledge uninvested is wasted.
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.
It's not big choices, but ones that you think don't matter or count for much that derail us. You don't consciously think about it, but these small decisions can really change things.
Keep a daily gratitude journal about your spouse. Write down one thing you are thankful for each day about your spouse then give them the book as a gift one year later.
Gratitude is acknowledging there are people in your life who have done things for you that you couldn't do for yourself.
What you appreciate, appreciates.
You have to be willing to give 100 percent in your relationships. Always take 100 percent responsibility for everything that happens to you.
You alone are responsible for your situation.
Everyone has the opportunity to be lucky. If you live in a free society, you are lucky.
The first step toward change is awareness. The best way to become aware is to measure. Writing it all down is key.
Tracking your progress and missteps is key for long-term success.
Track your behavior for at least one week.
All winners are trackers. You cannot improve something until you measure it.
Professional athletes are particularly big trackers.
Tracking will revolutionize your life. The author started by tracking every financial decision in a notebook.
Merely becoming conscious of your actions begins to change them.
Every dollar you spend today is costing you $5 in twenty years. (Because of opportunity cost from investing.)
Making small course corrections will result in exactly zero applause.
The difference between the number one golfer and number ten golfer is just 1.9 strokes. The difference prize money is huge.
Start by saving 1 percent of your money each month. Then save 2 percent the next month. Continue until you are saving 10 percent of what you earn.
Dave Ramsey: personal finance is 80 percent behavior.
The earlier you start making changes the more the compound effect works in your favor.
The key to success is this: are you learning each day?
No business is going to keep someone around just for showing up. You have to continually get ready.
Your life is a result of your moment to moment choices.
The older your habits are and the deeper their roots, the harder they are to change.
It stands to reason that since you learned every habit you have, you can also learn new ones.
If the nose of a plane is pointed just one percent off course when it leaves LA for New York, it will end up in Delaware once it gets to the east coast.
The most motivating choices are ones that align with your “why” and your purpose.