Link to video: https://youtu.be/0nSIiAMnDY0I release new videos often, if you’re interested in subscribing here’s a link: https://www.youtube.com/channel/UCfbLDMh6uGOZePAfqqjVZ-g?sub_confirmation=1If you'd prefer to read the script instead of watching the video, here it is:The Compound Effect By Darren Hardy“It's not the big things that add up in the end; it's the hundreds, thousands, or millions of little things that separate the ordinary from the extraordinary.” Darren Hardy You can get this book for free with a trial of audible using the link in the description of this video.The Book’s Main Idea As used in the book, Compounding describes how over time, seemingly small changes or insignificant actions can lead to big rewards. The small choices, the ones you think do not matter and are therefore not conscious when making them, can derail your life and your progress towards your goals. The small things can really make all the difference. “It's not the big things that add up in the end; it's the hundreds, thousands, or millions of little things that separate the ordinary from the extraordinary.” Darren HardyA look at the main ideas shared in the book Here are the main ideas distilled:1: Small, smart choices + consistency + time = Radical Difference Hardy offers this formula as the baseline for all kind of success. This formula aligns with the underlying concept of the compound effect: huge rewards come from a series of small choices or actions. Once you decide what you want to achieve, rather than concentrate on massive changes, concentrate on making small choices and taking small, but consistent action. Over time, this will have a profounder effect on your success and overall wellbeing. “A daily routine built on good habits and disciplines separates the most successful among us from everyone else. A routine is exceptionally powerful.” Darren Hardy To illustrate the power of compounding choices, Hardy uses the Magic Penny Example where two people get the choice to receive a magic penny that doubles in value daily or three million dollars ($3 million). Person A opts for the magic penny while person B opts for the cash. By day 31, person’s A penny will have compounded to over ten million dollars ($10 million), while person B will have less than $3 million—minus all the money he or she will have used up to that point. If you aim to make any significant change in your life, focus less on big changes and more on small changes. As Hardy notes: “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 If you want to eat healthy, for instance, once you make the choice, change your environment: desensitize it to immediate gratification and instead sensitize it to the power of compounding, smart choices. Instead of snacking on candy, snack on fruits. If you want to write a book, make the choice to write 250 words daily; over a month, you will have written 7,500 words. That is the power of compounding. “The real cost of a four-dollar-a-day coffee habit over 20 years is $51,833.79. That’s the power of the Compound Effect.” Darren Hardy2: Take responsibility for your life “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. Step by step, day by day, your choices will shape your actions until they become habits, where practice makes them permanent.” Darren Hardy If you are determined to change your life, you must take responsibility for it. In the book, the author illustrates a story where a relationship instructor who, giving a talk to spouses, asked them this profound question: “What is your % ratio in terms of giving and expecting to receive back?” Audiences gave varying answers. Some said 50%—giving 50% and expecting 50% back. Some said 40%, 60%; others said 80%, 20%. The relationship instructor walked back to the whiteboard and wrote “100% to 0%,” an answer he explained by saying: “Only when you’re willing to take 100% responsibility for making the relationship work, will it work. Otherwise, a relationship left to chance will always be vulnerable to disaster.” This statement is true for all areas of your life: unless you take 100% responsibility for your success and creating the life you want to live, you will never live it. If you are unwilling to take 100% responsibility for your present and future life, action, and choices, your life will never change: “You alone are responsible for what you do, don’t do, or how you respond to what’s done to you.” Darren Hardy Even when what happens to us is outside our immediate control, say a natural disaster, an accident, or an ailment, we always have a choice: we choose our responses. Even when some situations are unchangeable, we can change how we view or respond to such situations. “The first step toward change is awareness. If you want to get from where you are to where you want to be, you have to start by becoming aware of the choices that lead you away from your desired destination.” Darren Hardy As long as you are aware of your moment-to-moment choices, and are making sure that the choices you make align with your main aim, you will achieve what you want. It may take a while, but once your choices compound into habits, the progress will be smoother and seamless.Conclusion “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.” Darren Hardy The compounding effect is a powerful and actionable book.I've made over 50 summaries of the best self improvement books, the links are below.Full playlist of them all here: https://www.youtube.com/watch?v=dOImyOGN9UE&list=PLaNTB6oQAa0AYuul0tqUscg1ZLj_arZgaHere are the links:Make Your Bed: https://www.youtube.com/watch?v=z7mBNcI2H1c The power of the subconscious mind: https://www.youtube.com/watch?v=UNi9zDGaZtw Getting things done: https://www.youtube.com/watch?v=oCNN2pyO5Yc The power of intention: https://www.youtube.com/watch?v=7ezM3fIKHTY Deep work: https://www.youtube.com/watch?v=2SOQpjHKESA The magic of thinking big: https://www.youtube.com/watch?v=wdQRQ82AED8 The alchemist: https://www.youtube.com/watch?v=NcQjBghtxMU Blink: https://www.youtube.com/watch?v=rie9Pkp4Ktk Atomic Habits: https://www.youtube.com/watch?v=B6u0X0CDEqU The E-Myth Revisited: https://www.youtube.com/watch?v=ctHTVZRnE7g Mindset: https://www.youtube.com/watch?v=0QU5Q3lyTqo The art of war: https://www.youtube.com/watch?v=8_5qhA2y-E4 Rework: https://www.youtube.com/watch?v=zsaZU-HW18k The lean startup: https://www.youtube.com/watch?v=j6QPZp--lJE The hard thing about hard things: https://www.youtube.com/watch?v=yl_Q3E5d33U Crush it!: https://www.youtube.com/watch?v=onbmkc-29KI Delivering Happiness: https://www.youtube.com/watch?v=GiUWCZkHbA8 The personal MBA: https://www.youtube.com/watch?v=eFpXccN3YEU The $100 startup: https://www.youtube.com/watch?v=Cqa1LqahOLE Zero to One: https://www.youtube.com/watch?v=RGtQjkSUahc Grit: https://www.youtube.com/watch?v=doUSy1Eo76s Start with why: https://www.youtube.com/watch?v=LgMnlf4jcYY The compound: https://www.youtube.com/watch?v=0nSIiAMnDY0 The Prince: https://www.youtube.com/watch?v=lzVmhWFdwBQ The willpower instinct: https://www.youtube.com/watch?v=Jz5EXLYxWDQ The slight edge: https://www.youtube.com/watch?v=sItMk2xS_ZU Meditations: https://www.youtube.com/watch?v=ul2nuHOnCPI Who moved my cheese?: https://www.youtube.com/watch?v=PQhJkIPHiyw The One Thing: https://www.youtube.com/watch?v=cS5lgHhbUoM The richest man in babylon: https://www.youtube.com/watch?v=xbnHlWFnWLs The power of habit: https://www.youtube.com/watch?v=d366w-o8nhA Secrets of the millionaire mind: https://www.youtube.com/watch?v=R1WjeoCw30g The 6 pillars of self esteem: https://www.youtube.com/watch?v=Y5NRiB_-w10 The 7 Habits of Highly Effective people: https://www.youtube.com/watch?v=_nGzZ9m_Xsg Thinking Fast and Slow: https://www.youtube.com/watch?v=fqw9dwxiKSw The 4 hour work week: https://www.youtube.com/watch?v=tCWzSlAqO0g The power of positive thinking: https://www.youtube.com/watch?v=IAdxM_19KBc The power of now: https://www.youtube.com/watch?v=wa7mAlLhD3w Think and grow rich: https://www.youtube.com/watch?v=btQNKjSy8Ww 12 rules of life: https://www.youtube.com/watch?v=9InBOOy1eTU The 5 love languages: https://www.youtube.com/watch?v=nPq4Vxh74jY Rich Dad Poor Dad: https://www.youtube.com/watch?v=GV31Wpr2Fl8 How to win friends and influence people: https://www.youtube.com/watch?v=s61o8y22BpM The inside out revolution: https://www.youtube.com/watch?v=68OwvuqZEGo Models: https://www.youtube.com/watch?v=Hs0d7Da8ufo Man’s search for meaning: https://www.youtube.com/watch?v=eyXFQ5W0bMk The subtle art of not giving a fuck: https://www.youtube.com/watch?v=dOImyOGN9UE How to stop worrying and start living: https://www.youtube.com/watch?v=qUQXrEk52Ug The millionaire fastlane: https://www.youtube.com/watch?v=vrtjXONWVfA 5 extremely powerful techniques to master motivation: https://www.youtube.com/watch?v=vmRzDIisUeM Quiet by Susan Cain: https://www.youtube.com/watch?v=SzRcYLq63dU Extreme Ownership: https://www.youtube.com/watch?v=eMWeEyqWHe0 see hubwealthy.com/wealthy
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