The Compound Effect by Darren Hardy 1

1. The Compound Effect in Action 
 
 
The first chapter is about how people craves instant gratification. There are analogies that were used in the book that are really striking:
a. lottery – We  only hear one story about people winning lotteries, what we doesn’t hear and what we doesn’t realize is that there are million of stories of losers. Here comes the negative power of positive thinking. People would like to rely purely on luck with all the optimism they had without realizing that there’s almost a zero chance on that. The most certain way to attain something is not by waiting for it to happen, it is by making it happen. It is by doing everything that you can and even doing things you thought you can’t. For success not to be short-lived, gambling shouldn’t steer your life.
b. magic penny – If we are going to have a choice between taking 3 million pesos and a single penny that doubles its value every day for a month; most likely, people would choose the instant cash; because they don’t want to go through the agonizing wait for the whole month for the payoff. People are usually blinded by that–the instant reward, the fulfillment right now, what we don’t tend to realize is that the second choice will actually be more than 3 times the 3 million you would have chosen. Likewise, “…small, seemingly insignificant steps completed consistently over time will create a radical difference…”
 
 
Quote of the day:
“It doesn’t matter how smart you are or aren’t, you need to make up in hardwork what you lack in experience, skill, intelligence, or innate ability. If your competitor is smarter, more talented, or experienced, you just need to work three or four times as hard. You can still beat them.”
 
 
2. Choices
 
“The life we end up with is simply an accumulation of all the choices we make.”
 
“It is time to wake up and make empowering choices.”
 
“If I always took 100% 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.”
 
“I had the unlimited power to control my destiny.”
 
“You cannot see what you don’t look for, and you cannot look for what you believe in.”
 
 

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