Title: The Compound Effect
Author: Darren Hardy
Author Nationality: American
Publisher: Success Books
Year Published/ Release: June 2010
Pages: 162 (Kindle Edition)
Book Version: Paperback
The author constantly reminds the reader that there is no magic bullet, secret formula or quick fix. Instead, he provides strategic solutions to reaching one’s goals. He places focus on the accumulative effect which is simply small positive changes that can make all the difference. A few pointers:
- We are all molded by our habits. All our habits are learned and the same way can be unlearned to adopt new ones. The older the habits are the deeper the roots and the harder they are to change. If you want to make a change establish your WHY. Make sure it is a really strong why.
- Find your MO (Momentum) because it is the key to accelerating your success. Keep moving even if it is at a slow speed, keep moving and don’t stop.
- If you are struggling with time, stop watching the TV. You’re probably consuming a lot of negative information which leads to Garbage in, Garbage out; and will eventually affect you. The average person spends 3-4 hours of TV per day which translates to 1500 hours per year! stop complaining you can’t get anything done.
- Finish your most important tasks. Reduce the number of “Incomplete ” tasks to do because they sap into your energy. Review your day each evening.
- You cannot improve on something until you measure it.
- Choice is the centre of all success and failure, hence it is the small decisions that can really change everything.
- Huge and drastic changes in your routine will rarely work. It is easier to make small , daily steps that will add up to a routine then build momentum. Small choices plus consistency plus time will equal to significant results.
- If you want to make progress you need to change and to change you need to have a sense of self-awareness. In order to bring awareness, you must track everything. Use a journal (write it down) to keep track of how you spend your time, what you eat and your activities.
- Track your behaviour for one week for example, if you want to improve your finances, track every spend and decision you make. When it comes to personal finances, 80% is behaviour.
- Identify your triggers for bad habits, the Who, the What, Where and When that prompts or drives your bad habits. Start by eliminating your triggers e.g junk food if you are trying to adopt a healthier lifestyle.
- Seek fulfillment in life rather than achievement. Life is about creating a balance in business, finances, health and well-being, spirituality, family, relationships and lifestyle.
- Focus on adding something into your life rather than on what you will stop doing or cutting out to encourage positive reinforcement.
- What are you willing to tolerate? e.g if you tolerate people being late for your meetings, that’s what you get. If you tolerate earning less than what you are worth, that’s what you will earn.
- Who is in your personal board of advisors? find people to mentor and coach you, avoid negative people and read success and leadership books.
- Always go a little beyond what people expect.
Instant results and quick fixes do not work, they prevent one from developing self-discipline and the art of embracing the process it takes to learn a new habit or skill.
Memorable Quote (s):
“To achieve what you have not, you must become what you are not. You have to GROW into your goals.”
“It’s our choices that show who we really are, far more than our abilities.”
“Your life is a result of the choices you make…if you don’t like your life, it is time to start making better choices.”
“Success doesn’t come from doing extraordinary difficult things. It’s doing simple things consistently.”
“You alone are responsible for what you do don’t do or how you respond to what’s done to you.”
“The first step toward change is awareness. If you want to get from where you are to where you want to be, you have to start by becoming aware of the choices that lead you away from your desired destination.”
“Forget about willpower. It’s time for why-power. Your choices are only meaningful when you connect them to your desires and dreams. The wisest and most motivating choices are the ones aligned with that which you identify as your purpose, your core self, and your highest values. You’ve got to want something, and know why you want it, or you’ll end up giving up too easily.”
This is a great book and reminder of how the little habits and decisions that we make compound to life-altering results.