The Compound Effect – Summary, About Author

Introduction

According to the author, the decisions we make on a daily basis helps in the final battle, while his time with the magazine The SUCCESS.

THE COMPOUND EFFECT...Book review 2020 - YouTube

The Compound Effect is based on a principle I’ve used in my own life and training; that is, your decisions shape your destiny. The future is what you make of it. Little, everyday decisions will either take you to the life you desire or to disaster by default.

In fact, it’s the littlest decisions that shape our lives. Stray off course by just two millimeters, and your trajectory changes; what seemed like a tiny, inconsequential decision then can become a mammoth miscalculation now. This book is that detailed, tangible plan of action. Let it shake up your expectations, eliminate your assumptions, ignite your
curiosity, and bring value to your life.

“The most challenging aspect of the Compound Effect is that we have to keep working away for a while, consistently and efficiently, before we can begin to see the payoff.”

The chapters are:

1: The COMPOUND EFFECT In Action

2: Choices

3: Habits

4: Momentum

5: Influences

6: Acceleration

Summary

His simple formula:

SMALL, SMART CHOICES + CONSISTENCY + TIME = RADICAL DIFFERENCE

For instance, A single penny that doubles every day for 31 days has a larger payoff than taking $3 million in cash today. Success is doing a half dozen things really well, repeated five thousand times. The compound effect is the strategy of reaping huge rewards from small, seemingly insignificant actions.

This book is about success and what it really takes to earn it. It’s time someone told it to you straight. You’ve been bamboozled for too long. There is no magic bullet, secret formula, or quick fix.

Knowledge not invested is wasted.

In their SUCCESS CD (May 2010), TV’s Biggest Loser fitness trainer Jillian Michaels shared with me a powerful childhood story:

“When I was a kid, my mom would have these elaborate Easter
egg hunts for me. I would run around the house, and when I
would get close to a hidden egg, she’d say, ‘Oh you’re warm.’
You know, you get closer to it, ‘Oh, you’re on fi re.’ And then you
move away from the egg and she’d go, ‘Oh, you’re cold, you’re
freezing.’ I teach contestants that, on a moment-to-moment basis,
I need them to think about their happiness and their ultimate goal
as being warm—how every choice and every decision they make
in the moment is getting them closer to that ultimate goal.”

Since your outcomes are all a result of your moment-to-moment choices, you have incredible power to change your life by changing those choices.

As Anthony Robbins mentioned, I’ve enjoyed significant success in my business endeavors because I’ve made it a point to live by the principles you’ll read in this book.

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.

When you have such an exhaustive view of this industry, and wisdom gained through studying the teachings and best practices of some the world’s most successful people, an amazing clarity emerges—the underlying fundamental truths become crystal clear.

Tracking your progress and missteps is key for long-term success. Merely becoming conscious of your actions begins to change them.

Warning: Earning success is hard. The process is laborious, tedious, sometimes even boring. Becoming wealthy, influential, and world-class in your field is slow and arduous.

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. 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.

Book end your days. You can always ensure how your day starts and ends. Finish your most important tasks first. Review your day each evening. There is a difference between learning and studying. Learning leads to knowledge. Studying a topic means you are invested in it and try it out. The world already has tons of knowledge. You don’t need to learn more.

You already know all that you need to succeed. You don’t need to learn anything more. If all we needed was more information, everyone with an Internet connection would live in a mansion, have abs of steel, and be blissfully happy. New or more information is not what you need—a new plan of action is. It’s time to create new behaviors and habits that are oriented away from sabotage and toward success. It’s that simple.

About the Author

  • Hardy was born on February 26, 1971 in United States of America.
  • His wife’s name is Georgia.
  • He is a college dropout.

231 - Darren Hardy: Publisher of SUCCESS Magazine - Dose of Leadership

  • He became the president of SUCCESS magazine in 2007.
  • Hardy has been awarded the ‘Master of Influence’ designation by the National Speakers Association (NSA)