The Compound Effect

by Darren Hardy

Key Points:

  • The compound effect is the principle of reaping huge rewards from a series of small, smart choices.
  • Small, smart choices + Consistency + Time = Radical Difference
  • We are responsible for everything we do, don’t do, or how we respond to what is done to us. We need to take responsibility for everything in our lives.
  • 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
  • Forget about willpower. It’s time for why-power. Your choices are only meaningful when you connect them to your desires and dreams.
  • The key is to make your why-power so strong that it overwhelms instant gratification.
  • Your life comes down to this formula: you ® Choice (decision) + Behaviour (action) + Habit (repeated action) + Compounded (time) = Goals
  • Consistency is a critical component of success.