The Compound Effect ๐Ÿš€

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What does the compound effect look like?

[[Magic Paisa]]

You got two choices:

1. Taking โ‚น30Lakhs today ๐Ÿ’ฐ or
2. Taking 1 Paisa that DOUBLES every day for 31 days ๐Ÿ’ฏ

Which one would you take?
To make great wealth you should go with option 2 ๐Ÿš€

Here why: Day 1: โ‚น0.01,
- Day 10: โ‚น5.12
- Day 20: โ‚น5,243

This is when the magic happens, watch this

- Day 29: Around 26L
- Day 30: โ‚น53.6L

- Day 31: โ‚น1,07,37,664 (Three times the option 1) ๐Ÿฅ‚
โ€œSmall, Smart Choices + Consistency + Time = Significant results โ€ โšก๏ธ
Let's talk about how to make the compound effect work for us:

The compound effect works on both sides "Positive & Negative"
To make compound work it mostly comes down to these things:

- Choices โœจ
- Behaviour ๐Ÿค
- Habits ๐Ÿƒโ€โ™‚๏ธ
- Time โณ

And a few more...
Every choice you pick, every decision you make has a compound effect.

No one intends to look fat, go bankrupt, or get a divorce,

those consequences are the result of a series of small, poor choices ๐Ÿ™Œ
Remember
โ€œWhatโ€™s simple to do is also simple not to do.โ€
https://t.co/HFis9vjXlk
How to become aware of your choices:

Track every action ๐Ÿ“

Want to get out of debt? Track every rupee โ‚น
Want to lose weight? Track every calorie ๐Ÿฝ

Take notes, every single day, no excuses.
โ€œYou make your choices, and then your choices make you.โ€
Habits:

A man once asked a horse rider - "Where are you going"?

Rider: I don't know, Ask the horse.

This is the story of most people's lives, the habits are riding people with no idea where they are heading
"We are what we repeatedly do" - Aristotle
Contents:

- Have a strong why ๐Ÿ’ฏ
- Avoid Cheap Dopamine ๐Ÿ’ป
- Find core values โšก๏ธ
- Set Goals ๐ŸŽฏ
- Kill bad habits โŒ
- Create a good habit ๐Ÿš€
Why having a strong why is important?
Cheap Dopamine:

Instant Gratification Traps:

- Fast food ๐Ÿ”
- Mindless Scrolling ๐Ÿ“ฑ
- Porn ๐Ÿ”ž
- Smoking, Drinking ๐Ÿป
- Binge Watching ๐Ÿ’ป

Start thinking about how to get out of them.
Become aware of how you are behaving โœจ

If you say family is your priority but they don't appear on your busy calendar, they aren't really ๐Ÿ™Œ

Make a list of bad habits ๐Ÿ—’
How to kill a bad habit:

1. Identify the triggers โšก๏ธ
2. Clean them or
3. Swap it ๐Ÿค
4. Take it easy ๐Ÿ™Œ
5. Or go all out ๐Ÿ‹๏ธโ€โ™€๏ธ

Read on (I'll explain them all)
1. Identify the triggers โšก๏ธ

For every bad habit write down the Big 4s.

"Who, What, Where, When"

2. Clean whatever that triggers them ๐Ÿ™Œ

Remove the liquor bottles, Stop buying junk food ๐Ÿ”

Get rid of anything that enables bad habits
3. Or Swap it ๐Ÿค

Replace a big ice cream dessert with a piece of chocolate/cookie ๐Ÿช

Replace Chips with nuts or vegetables ๐Ÿฅ•

Soft drink with Diet ones or water
4. Take it easy
Take it slow

Week by Week

5. Or go all out

100% ASAP.
Challenge yourself:

Take a bad habit,
Go on a 30-day fast,

If you broke it - you are addicted to it :)
How to create a good habit:

1. Set yourself up to succeed
2. Think addition not subtraction
3. Accountability
4. Find a success friend
5. Competition
6. Celebrate
7. Be patient

DM me if you didn't understand any (Thread will be too big lol)
Once the habits get going, its time for the momentum
The Flow.
Know your influences ๐Ÿ™Œ
Your Infomation diet

This is mine ๐Ÿ‘‡

https://t.co/V1ba4Yat0D
Keep going ๐Ÿ™Œ

Don't give up.

Not on your goals, habits, momentum, nothing
Just not yet โšก๏ธ

Be patient. The compound effect will work.
One of the best humans I know is Warren Buffett.
One Formula ๐Ÿš€
If you learned something new ๐Ÿ™Œ
RT this thread.

You can follow me for more interesting threads and stories ๐Ÿ’ฏ

Much love,
Prado.
This thread is taken from the book
The Compound Effect by Darren Hardy

And a few other resources ๐Ÿ™Œ

Thanks for your time :)

More from Book

We had a conversation on the podcast about the racialization of dog breeds, where we talked to @BronwenDickey, the author of Pitbull: The Battle Over an American Icon.


In the 1930s, Pitbulls โ€” which, as Bronwen pointed out to me over and over, donโ€™t constitute a dog breed but a shape โ€” used to be seen as the trusty sidekick of the proletariat, the Honda Civic of canines. (Think of โ€œthe Little Rascalsโ€ dog.)
.

That began changing in the postwar years and the rise of the suburbs. A pedigreed dog became a status symbol for the burgeoning white middle class. And pitbulls got left behind in the cities.

Aside: USians have flitted between different โ€œdangerousโ€ breeds and media-fueled panics around specific dogs. (anti-German xenophobia in the late 1800s fueled extermination programs of the spitz, a little German dog that newspapers said was vicious and spread disease.)

Some previously โ€œdangerousโ€ dogs get rebranded over the years โ€” German shepherds, Dobermans, Rottweilers. But the thing their respective periods of contempt and concern had to do is that they were associated with some contemporarily undesirable group.

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Trading view scanner process -

1 - open trading view in your browser and select stock scanner in left corner down side .

2 - touch the percentage% gain change ( and u can see higest gainer of today)


3. Then, start with 6% gainer to 20% gainer and look charts of everyone in daily Timeframe . (For fno selection u can choose 1% to 4% )

4. Then manually select the stocks which are going to give all time high BO or 52 high BO or already given.

5. U can also select those stocks which are going to give range breakout or already given range BO

6 . If in 15 min chart๐Ÿ“Š any stock sustaing near BO zone or after BO then select it on your watchlist

7 . Now next day if any stock show momentum u can take trade in it with RM

This looks very easy & simple but,

U will amazed to see it's result if you follow proper risk management.

I did 4x my capital by trading in only momentum stocks.

I will keep sharing such learning thread ๐Ÿงต for you ๐Ÿ™๐Ÿ’ž๐Ÿ™

Keep learning / keep sharing ๐Ÿ™
@AdityaTodmal