Saturday, January 22, 2022

读书笔记 - The Compound Effect

This book has over 1 million copies sold, less than 200 pages, written by Darren Hardy, which is a guide to jumpstart your income, your life, and your success. There are six chapters talking about compound effect, choices, habits, momentum, influences, and acceleration. After reading the book, I also subscribed to Darren Daily for free morning mentoring program.

It doesn't matter how smart you are or aren't, you need to make up in hard work what you lack in experience, skill, intelligence, or innate ability. If your competitor is smarter, more talented, or experienced, you simply need to work three or four times as hard. You can still beat them.

Small, smart choices + consistency + time = Radical difference

The magic penny, 1 penny, doubles in value every day for 31 days, makes the compounded penny worth $10,737,418.24 on day 31.

The most challenging aspect of the compound effect is that we have to keep working away for a while, consistently and efficiently, before we begin to see the payoff.

Preparation + Attitude + Opportunity + Action = Luck

Choosing to look for and focus on his wife's positive qualities changed his view of her, which changed how he interacted with her. As a result, she made different choices about the way she responded to him.

All winners are trackers. 

That is the power of little things adding up. It's not the big things that add up in the end. It's the hundreds, thousands, or millions of little things that separate the ordinary from the extraordinary.

Time is of the essence. The earlier you start making small changes, the more powerfully the compound effect works in your favor.

Success is a marathon.

Your core values are your internal compass, your guiding beacon, your personal GPS. They act as the filter through which you run all of life's demands, requests, and temptations, making sure they're leading you toward your intended destination. 

You -> Choice + behavior + habit + compounded = Goals

Five strategies for eliminating bad habits: identify your triggers, clean house, swap it, ease in, jump in

Six strategies for for installing good habits: Set yourself up to succeed, think addition not subtraction, go for public display, find a success buddy, competition & camaraderie, celebrate. 

Change is hard, be patient.

You get started by taking one small step, one action at a time. Progress is slow, but once a newly formed habit has kicked in, Big Mo joins the party.

Momentum works on both sides of the equation - it can work for you or against you. 

A daily routine built on good habits and disciplines separates the most successful among us from everyone else. A routine is exceptionally powerful.

It's important to cash out your day's performance. Compared to your plan for the day, how did it go?

Consistency is a critical component of success.

You are 100 percent responsible for your life. You alone are responsible for the choices you make and the actions you take. You must also realize your choices, behaviors, and habits are influenced by very powerful external forces.

Birds of a feather flock together. The people with whom you habitually associate are called your "reference group", which determines as much as 95 percent of your success or failure in life.

Invest in mentorship.

Develop your own personal board of advisors. Seek out positive people who have achieved the success you want to create in your own life. 

It's not getting to the wall that counts. It's what you do after you hit it that really matters.

You've pushed through the wall of your max. The real growth happens with what you do after you're at the wall.

You can do more than expected in every aspect of your life.

What's the little extra you can do that exceeds expectations and accelerates your results?

Do better than expected. Find the line of expectation and then exceed it.

Learning without execution is useless.

Whatever I want in life, I've found that the best way to get it is to focus my energy on giving to others. The ripple effect of helping others and giving generously of your time and energy is that you become the biggest beneficiary of your personal philanthropy.