The Compound Effect by Darren Hardy is an amazing small personal development book packed with wisdom and Big Ideas. Read on to find the most valuable content from the book.
SUMMARY OF THE COMPOUND EFFECT
1. SUCCESS AND FAILURE ARE THE RESULTS OF SMALL,CHOICES WE MAKE EVERY DAY
The only real secret of success lies in making the right decision over and over for a long period of time. The right decision most of the time doesn’t look appealing, at least when you are first starting. Watching Game Of Thrones instead of writing this article is way easier but is not the right choice if I want to be successful. Our habits are built by what we repeatedly do. If you are going to project yourself in the future, five years from now, taking the actions that you are currently taking, where will you be? Are you happy with your answer? If not, you need to change the small actions that you are taking in your day to day life to change your future.
“I want you to know in your bones that your only path to success is through a continuum of mundane, unsexy, unexciting, and sometimes difficult daily disciplines compounded over time.” The Compound Effect By Darren Hardy page 20
2. THE RIPPLE EFFECTS
The small actions we take every day have huge repercussions on our lives and usually we are not aware of them. Let’s say that Ben has been watching his favorite TV series for the past month, he was staying up late and when finally going to bed he couldn’t fall asleep. He was tired in the morning and wasn’t showing up on time at work and on top of that he started eating fast food because he wasn’t able to cook his own food anymore, as a result Ben Felt even less energetic and under performed at his office and after three months he got fired.
“every decision, no matter how slight, alters the trajectory of your life.” The Compound Effect By Darren Hardy page 23
3. ELEPHANTS DON’T BITE
Have you ever seen elephants biting someone? What about mosquitoes instead? When there is a big change for the worst in our life more often than not the cause of it lies in the small bad decisions we have been taking over a long period of a time.
“Seemingly insignificant decisions can completely throw you off course because you’re not mindful of them” The Compound Effect By Darren Hardy page 25
4. TRACK THE HABITS YOU WANT TO CHANGE
This is a really powerful tool. For example again our poor friend Ben is having financials problems because is spending more money that he could afford to. The main problem here is that Ben is not aware of his choices, is just following his impulses without thinking about what is doing, to solve the root of the problem he should start tracking whatever is buying, even the coffees he enjoys so much. Once Ben is aware of his decisions he can make improvement in the way is spending his money. We can apply this tool in all our areas of our lives especially on time management.
“Tracking is a simple exercise. It works because it brings moment-to-moment awareness to the actions you take in the area of your life you want to improve.” The Compound Effect By Darren Hardy page 38
5. BE/GIVE MORE TO GET MORE
This is not some woo woo notions from The Secret. We need to understand that our life situation is just a reflection of who we are and the choices we have made. To improve our life we need to expand ourselves in order to be able to influence for the better the lives of other people. If we are looking to earn more money we should stop watching so much TV and replace that habit with an empowering one like reading or listening to audio books. A good question to ask yourself in order to understand if you are investing your time, and not just wasting it, is: am I going to be a better person after I have done, watched, etc. X thing? The more you are the more you get, how many people Bill Gates is influencing? What about Steve Jobs? What about you?
“If you want to have more, you have to become more. Success is not something you pursue. What you pursue will elude you; it can be like trying to chase butterflies. Success is something you attract by the person you become” The Compound Effect By Darren Hardy page 72
6. BIG MO
What do you think people like Tiger Woods, Michael Phelps, Roger Federer have in common? They are all aware of the power of momentum, when they start getting results they keep working as hard as they where doing before and end up achieving even more. Is not easy to build momentum, the hardest part for a space shuttle is escaping the gravity of the earth in fact is the moment when most fuel is used. When starting from scratch making the first steps is going to be the hardest part but once you get into the rhythm you are going to get always more and more momentum. Obviously you need to keep putting in the efforts in order for the rewards to keep growing exponentially.
“Achievers-People who get into a successful rhythm-continue busting their butts and end up achieving more and more” The Compound Effect By Darren Hardy page 94
Once we get some results the tendency that most people have is to relax and stop doing the things that got them successful in the first place. That is possibly the worst decision one in that position could ever take, because they will lose momentum and lose their results. They will need to start all over again and go trough the same challenges and go back to square one. I have done it myself many times and I have always regret it. If you are falling in this pattern, always stopping to work hard, losing your results, and then coming back, be aware that your journey to where you want to be is going to be at least ten time longer.
“If you and I flew planes from Los Angeles to Manhattan, but you took off and landed in every state in between, while I flew straight through, even if you went five hundred miles per hour in the air and I only traveled at a rate of two hundred miles per hours, I’d still beat you by a big margin” The Compound Effect By Darren Hardy page 113
What is the first thing you do when you wake up in? Is it checking your phone for emails or social notification? What if first thing in the morning we would spend five minutes to be grateful for what we already have in our lives? We would start our day in the right mood to work on our goals. Once again what makes the difference between success and failure is what we repeatedly do.
“To reach new goals and develop new habits, it’s necessary to create new routines to support your objectives” The Compound Effect By Darren Hardy page 99
9. CHOSE YOUR INFLUENCES
We need to say farewell to all the influences that are not helping us becoming the best version of ourselves. If your friends are always pointing out reasons on why you are not going to make it, probably are not friends after all, and you should consider saying good bye to them. Have you ever met vampires people? They seem to absorb your life energy with their negativity and criticism. Fortunately the world is full of givers and once two givers meet they are going to enrich each others lives remember “You are the average of the five people you spend most time with”. We need to be aware as well of all the worthless information that we unconsciously absorb trough out the day. how many hours we spend checking televisions, radio, newspapers, Facebook etc.
“You cannot hang out with negative people and expect to live a positive life” The Compound Effect By Darren Hardy page 128
10. BE DIFFERENT, BE YOURSELF
Do you want to know what is the right thing to do? Look around and see what most people are doing, then go on and do the complete opposite. Most people don’t follow their passions because is “risky”, most people watch Television, most people don’t read books, most people go to college just because their parents said to do so, no wonder that most people lives sucks. Don’t be like most people make your own aware choices and live your life according to your own values.
“To me, what’s popular is average, it’s what’s common. Common things deliver common results” The Compound Effect By Darren Hardy page 150
If you would like to learn more you can get The Compound Effect By Darren Hardy here. (This is an affiliate link to Amazon.com, using it will support the writing of similar articles, thank you)