The Compound Effect (10th Anniversary Edition): Jumpstart Your Income, Your Life, Your Success
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After 25+ years as the central curator of the success media industry, I’ve seen it all. Nothing works like the power of the Compound Effect of simple actions done right over time.
Hitendra
Yes that is true
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No matter what you learn, what strategy or tactic you employ, success comes as the result of the Compound Effect.
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Sure, everyone is different, but the laws of success always apply. You reap what you sow; you can’t get out of life what you’re not willing to put into it. If you want more love, give more love. If you want greater success, help others achieve more. And when you study and master the science of achievement, you will find the success you desire.
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He has culled the clutter and focused on the core fundamentals that matter
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My personal experience has proven, no matter what you learn or which strategy you employ, success comes as the result of the operating system of the Compound Effect.
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One of Dad’s core philosophies was, “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.
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The Compound Effect is the principle of reaping huge rewards from a series of small, smart choices. What’s most interesting about this process to me is that, even though the results are massive, the steps, in the moment, don’t feel significant. Whether you’re using this strategy for improving your health, relationships, finances, or anything else for that matter, the changes are so subtle, they’re almost imperceptible. These small changes offer little or no immediate result, no big win, no obvious I-told-you-so payoff. So why bother?
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The secret to success was then, and is now, hard work, discipline, and good habits.
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After that grand entrance, the life we end up with is simply an accumulation of all the choices we make. Our choices can be our best friend or our worst enemy. They can deliver us to our goals or send us orbiting into a galaxy far, far away.
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In essence, you make your choices and then your choices make you.
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Your biggest challenge isn’t that you’ve intentionally been making bad choices. Heck, that would be easy to fix. Your biggest challenge is that you’ve been sleepwalking through your choices. Half the time, you’re not even aware you’re making them! Our choices are often shaped by our culture and upbringing. They can be so entwined in our routine behaviors and habits that they seem beyond our control.
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For most of us, it’s the frequent, small, and seemingly inconsequential choices that are of grave concern. I’m talking about the decisions you think don’t make any difference at all. It’s the little things that inevitably and predictably derail your success.
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“You have to be willing to give 100 percent with zero expectation of receiving anything in return,”
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If I always took 100 percent responsibility for everything I experienced—completely owning all of my choices and all the ways I responded to whatever happened to me—I held the power. Everything was up to me. I was responsible for everything I did, didn’t do, or how I responded to what was done to me.
Hitendra
Taking responsibly makes you a Lion
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You alone are responsible for what you do or don’t do, or how you respond to what’s done to you.
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This empowering mindset revolutionized my life. Luck, circumstances, or the right situation wasn’t what mattered.
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Maybe you believe you’re simply unlucky. But really, that’s just another excuse. The only difference between becoming fabulously rich, happy, and healthy versus ending up broke, depressed, and unhealthy are the choices you make.
Hitendra
This is profound
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The (Complete) Formula for Getting Lucky: Preparation (personal growth) + Attitude (belief/mindset) + Opportunity (a good thing coming your way) + Action (doing something about it) = Luck
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By consistently improving and preparing yourself—your skills, knowledge, expertise, relationships, and resources—you have the wherewithal to take advantage of great opportunities when they arise (when luck “strikes”).
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You cannot see what you don’t look for, and you cannot look for what you don’t believe in.
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Because I chose to not be completely responsible for the business, in the end, I was responsible for the results.
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“The day you graduate from childhood to adulthood is the day you take full responsibility for your life.”
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Today is graduation day! From this day forward, choose to be 100 percent responsible for your life. Eliminate all of your excuses. Embrace the fact that you are freed by your choices, as long as you assume personal responsibility for them. It’s time to make the choice to take control.
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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. Become very conscious of every choice you make today so you can begin to make smarter choices moving forward.
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The magic is in the doing of simple things repeatedly and long enough to ignite the miracle of the Compound Effect.
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But I also bet you aren’t doing it now, right? How do I know? Because your life isn’t working as successfully as you’d like. You’ve gotten derailed. Tracking is the way to get it back on track.
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Why do Olympic trainers get paid top dollar? Because they track every workout, every calorie, and every micronutrient for their athletes. All winners are trackers.
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You cannot manage or improve something until you measure it.
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Likewise, you can’t make the most of who you are—your talents and resources and capabilities—until you are aware of and accountable for your actions.
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The slightest adjustments to your daily routines can dramatically alter the outcomes in your life.
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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.
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the Compound Effect is always working, and it will always take you somewhere. The question is, where?
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the importance of goals: “Whatever you vividly imagine, ardently desire, sincerely believe, and enthusiastically act upon… must inevitably come to pass!”
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Something almost magical happens when you organize and focus your creative power on a well-defined target.
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The person who has a clear, compelling, and white-hot burning why will always defeat even the best of the best at doing the how.
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So, when you instruct your brain to look for the things you want, you will begin to see them.
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The difference in how you experience the world and draw ideas, people, and opportunities into your life after you have clearly defined your goals is profound.
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“Who do I need to become?” You probably know some people who seem to do everything right, but still don’t produce the results they want, right? Why not?
Hitendra
Superb question
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“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.”
Hitendra
This is profound
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TO IDENTIFY BAD HABITS AND THE NEEDED NEW HABITS ESSENTIAL TO BECOMING AND ACHIEVING WHAT YOU WANT, DOWNLOAD THE HABIT ASSESSMENT SHEET BY VISITING THECOMPOUNDEFFECT.COM/RESOURCES
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What stands between you and your goal is your behavior. Do you need to stop doing anything so the Compound Effect isn’t taking you into a downward spiral? Similarly, what do you need to start doing to change your trajectory so that it’s headed in the most beneficial direction? In other words, what habits and behaviors do you need to subtract from and add to your life? Your life comes down to this formula:
Hitendra
Powerful but with time its not a lenear equation its a non linear differential equation
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As I emphasized in the previous chapter, your first job is to become aware of how you’re behaving.
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One small, simple change in habit, one giant leap forward in balance and productivity!
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Just like high-volume, low-nutrient food makes your body fat, high-volume, low-nutrient information makes your head fat.
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Next, add to that list all the habits you need to adopt that, practiced and compounded over time, will result in you gloriously achieving your goals.
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toe dipping usually doesn’t cut it.
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know it will be painful at first, but I remember that within little time, it will be exhilarating, and well worth the temporary discomfort.
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“Peak-Performance Partner.” Every Friday at 11 a.m. sharp, we have a thirty-minute call during which we trade our wins, losses, fixes, ah-has, and solicit the needed feedback and hold each other accountable.
Hitendra
Check Sashi
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“The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge.”
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If it’s hard, awkward, or tedious, so be it. Just do it. And keep doing it, and the magic of the Compound Effect will reward you handsomely.
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