What does the compound effect look like?
[[Magic Paisa]]
You got two choices:
1. Taking тВ╣30Lakhs today ЁЯТ░ or
2. Taking 1 Paisa that DOUBLES every day for 31 days ЁЯТп
Which one would you take?
To make great wealth you should go with option 2 ЁЯЪА
Here why: Day 1: тВ╣0.01,
- Day 10: тВ╣5.12
- Day 20: тВ╣5,243
This is when the magic happens, watch this
- Day 29: Around 26L
- Day 30: тВ╣53.6L
- Day 31: тВ╣1,07,37,664 (Three times the option 1) ЁЯеВ
тАЬSmall, Smart Choices + Consistency + Time = Significant results тАЭ тЪбя╕П
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 тЬи
- Behaviour ЁЯдЭ
- Habits ЁЯПГтАНтЩВя╕П
- Time тП│
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 ЁЯЩМ
Remember
тАЬWhatтАЩs simple to do is also simple not to do.тАЭ
How to become aware of your choices:
Track every action ЁЯУЭ
Want to get out of debt? Track every rupee тВ╣
Want to lose weight? Track every calorie ЁЯН╜
Take notes, every single day, no excuses.
тАЬYou make your choices, and then your choices make you.тАЭ
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 ЁЯТп
- Avoid Cheap Dopamine ЁЯТ╗
- Find core values тЪбя╕П
- Set Goals ЁЯОп
- Kill bad habits тЭМ
- Create a good habit ЁЯЪА
Why having a strong why is important?
Cheap Dopamine:
Instant Gratification Traps:
- Fast food ЁЯНФ
- Mindless Scrolling ЁЯУ▒
- Porn ЁЯФЮ
- Smoking, Drinking ЁЯН╗
- Binge Watching ЁЯТ╗
Start thinking about how to get out of them.
Become aware of how you are behaving тЬи
If you say family is your priority but they don't appear on your busy calendar, they aren't really ЁЯЩМ
Make a list of bad habits ЁЯЧТ
How to kill a bad habit:
1. Identify the triggers тЪбя╕П
2. Clean them or
3. Swap it ЁЯдЭ
4. Take it easy ЁЯЩМ
5. Or go all out ЁЯПЛя╕ПтАНтЩАя╕П
Read on (I'll explain them all)
1. Identify the triggers тЪбя╕П
For every bad habit write down the Big 4s.
"Who, What, Where, When"
2. Clean whatever that triggers them ЁЯЩМ
Remove the liquor bottles, Stop buying junk food ЁЯНФ
Get rid of anything that enables bad habits
3. Or Swap it ЁЯдЭ
Replace a big ice cream dessert with a piece of chocolate/cookie ЁЯНк
Replace Chips with nuts or vegetables ЁЯеХ
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 ЁЯЩМ
Your Infomation diet
This is mine ЁЯСЗ
https://t.co/V1ba4Yat0D
Keep going ЁЯЩМ
Don't give up.
Not on your goals, habits, momentum, nothing
Just not yet тЪбя╕П
Be patient. The compound effect will work.
One of the best humans I know is Warren Buffett.
If you learned something new ЁЯЩМ
RT this thread.
You can follow me for more interesting threads and stories ЁЯТп
Much love,
Prado.
This thread is taken from the book
The Compound Effect by Darren Hardy
And a few other resources ЁЯЩМ
Thanks for your time :)