Quick summary of The Compound Effect
According to Albert Einstein, compound interest is the 8th wonder of the world. If we are applying compound interest to our lives, it is making small decisions and taking small simple actions consistently overtime.
There is no magic bullet, no secret formula or shortcuts to achieving sustainable success. These things just don’t match up with how life works. We as a society have been conditioned into believing that we can get what we want in a very short amount of time.
All of these becoming rich overnight and achieving our ideal weight instantly are becoming the norms. But this only leaves us feeling disillusioned, frustrated and neglects how true progress is made.
In short the progress (the compound effect) is about making small, mundane decisions every day until the little snowball at the start rolls into a boulder of snow by the end.
However we define success, we can achieve it by taking advantage of the compound effect.
My 3 favourite quotes from the book
“You will never change your life until you change something you do daily. The secret of your success is found in your daily routine.” ― Darren Hardy
“You alone are responsible for what you do, don’t do, or how you respond to what’s done to you.” – Darren Hardy
“Forget about willpower. It’s time for why-power. Your choices are only meaningful when you connect them to your desires and dreams. The wisest and most motivating choices are the ones aligned with that which you identify as your purpose, your core self, and your highest values. You’ve got to want something, and know why you want it, or you’ll end up giving up too easily.”- Darren Hardy
Actionable insights I gained from The Compound Effect
Just as small healthy and productive actions taken consistently overtime help us make progress. Making small errors in judgement done consistently overtime pulls us down onto the failure curve.
I’ve become much more aware of the choices I make in the moment ever since reading this book. The little choice of going for a walk instead of putting it off has been awesome. Just imagine if I kept putting off doing exercise? Well that was something I always used to do until I read this book.
Now, I’ve been walking on a consistent basis (nearly everyday) for the past 2 years. My fitness has improved drastically. It doesn’t seem like much in the moment does it? Just making the decision to go for a walk, but making this decision on a daily basis pays off massively.
The Compound Effect has made me think of the long term, rather than expecting to make progress instantly. This I know is the reason I gave up on so many disciplines in the past.
I would start off keen, excited and full of motivation, only to then fall off track after just a couple of weeks. This would leave me frustrated and disheartened.
I really had to change the way I approached this whole achievement thing. I had to adopt the approach of being in it for the long haul. I’ve read many books to remind me of this philosophy, this one being of them!
Now I have the knowledge of what it takes to make long lasting progress. It takes lot’s of energy, time, patience, consistency, having the attitude of never giving up and most importantly, it takes having the ability to endure the unsexy plateau of making small and smart choices overtime.
I’ve been a hell of a lot more consistent and the progress is slowly but surely becoming self-evident.