The Compound Effect

The Compound Effect
Author:
Publisher:
Published: 10/2/2012
No gimmicks. No Hyperbole. No Magic Bullet. The Compound Effect is a distillation of the fundamental principles that have guided the most phenomenal achievements in business, relationships, and beyond. This easy-to-use, step-by-step operating system allows you to multiply your success, chart your progress, and achieve any desire. If you're serious about living an extraordinary life, use the power of The Compound Effect to create the success you want.

The Compound Effect by Darren Hardy

About the Author

Darren Hardy has been involved in the personal development industry for the last sixteen years and is a keynote speaker on TV and radio shows such as CBS, FOX, and CNBC. Hardy was born in February 1971 and was raised by his dad after the divorce of his parents when he was 18 months old. His father instilled in him a philosophy of life to be the exception and not a follower. The author is also a publisher and edits SUCCESS magazine which puts him at a vantage position to interview leading CEOs, entertainers, and performance experts. Hardy is a New York Times best-selling author with books such as The Compound Effect and The Entrepreneur Roller Coaster. He believes that each person has exceptional capabilities and is called to live a life with a particular purpose. The author is committed to helping people achieve their highest potential and live fulfilling lives.

Synopsis

Do you want success and to achieve more success than your wildest imagination? This book is for you and gives practical steps on how to live a life of exceptional achievement. Written by a leader in the field of personal development, the book contains the secrets on what super-achievers practice and master to win. The Compound Effect is packed with nuggets that will help any person eradicate bad habits, get motivated, and get on the highway to achievement. Hardy gives practical action steps that are easy to follow through and achieve super success!

Chapter Summaries

Chapter One: The Compound Effect

  • The Compound Effect is achieved when one makes smart choices consistently over some time and gets rewards (Think compound interest!)
  • Small decisions matter throughout time-such as the 1-hour lunch break you take daily. Significant outcomes are the result of small choices made consistently over some time
  • Start by taking full ownership of your life-your life is the product of the sum of decisions made so far. Stop making excuses and blaming other people. A good question is: How do I that? You can start by jotting down six positive actions you can start doing and six negative things you need to stop immediately.

Chapter Two: Choices

  • Decide to change and break past patterns-start making conscious decisions about the now and the future
  • Take baby steps-turn your choices into habits, one at a time. Put yourself to the test with a one week program.
  • Don’t procrastinate-start now. Realize that success=preparation+ opportunity+ action! Live in the now and start preparing for a glorious future.

Chapter Three: Habits

  • Habits are formed unconsciously and influence the choices we make- and by extension the choices we make
  • Break bad habits by making a hard change-go cold turkey. Why? A hard break is painful in the short-term compared to a prolonged break. How do you do that? A good example is to start by identifying what triggers terrible habits and eliminate them.
  • Start new habits with goals that are compelling and concise-put it down on paper. Be your promise keeper and celebrate your new habits with small rewards

Chapter Four: Momentum

  • Be persistent and consistent in your daily decisions- that is how we create momentum. Getting started is always the hard part, but everything else becomes easy afterward. What do I mean by that? I suggest that you will require the most significant effort when starting and requires strong willpower to start a daily routine.
  • Create daily routines -you may feel weird but stick your daily rituals such as waking up at 5 am daily. Don’t give up if you fail a few times. For example, wake up at 5 am and spend 10 minutes to create a mental map of what you should do throughout the day
  • Get into a daily, weekly, and monthly rhythm to reinforce your momentum and a new lifestyle that is unfolding gradually. Reflect on the insights learned daily, weekly, and monthly.

Chapter Five: Influences

  • Your environment will determine what you think and the decisions you make. Your brain is like a computer-if you feed it garbage; it will process waste. Take charge of your environment –self-censor your information sources and carefully select who associates with you.
  • Identify positive influences and people with similar aspirations like you. It is time to associate yourself with role models who mirror your goals. The adage “show me your friends, and I will show you who you are” applies here.
  • Invest in associations with people who are peak performers and create partnerships of accountability. Let me give you an example: Ask yourself, where do your successful friends hang out? How do they manage their time? These are questions that will assist you to weed out some friends and associations and to replace them with new ones.

Chapter Six: Acceleration

  • Add extra energy to your momentum and multiply your results. Build on the stamina you have achieved. Growth comes with a little pain-after all, no pain, no gain.
  • Take challenges as opportunities to excel and stand out from the crowd. Is it necessary to stand out from the crowd? A resounding, yes! Success only beckons those willing to persevere, go the extra mile, and stand out. Distinguish yourself! Most people give up when they face challenges- winners see a glass half full while losers see a glass half empty.
  • Get out of your comfort zone and jump-start your life. Don’t settle for mediocrity, set high goals. Harness your true potential and get rewards from the compound effect.

Conclusion

Darren offers practical solutions that allow people to take charge of their fate in six straight forward steps. Deciding to change starts with simple baby steps. However, that is always easier said than done. That is why Darren has used his personal life experiences in the Compound Effect to give practical solutions that can be life-changing. Decide to be a super-achiever and roll back the lost years of living with bad habits and wrong decisions.

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