9 Lessons from 'The Compound Effect' By Darren Hardy

THREAD 🧵

1/12
A quickfire thread based on a book I read recently titled " 80/20 YOUR LIFE " .

Disclaimer : This is MY interpretation & the ratio (80/20) is variable..
The essence here is to identify what matters & weed out the inconsequential & thereby manage time accordingly.

2/12
The #Pareto principle - 80/20 Rule is pretty well known & discussed in context of work & business productivity.
But it can also be applied practically in our day to day life in all possible aspects to ensure smooth sailing.
How do we do that? 🤔

3/12
Pretty simple actually !
Our Top priority goal must be a S.M.A.R.T goal aka :

Specific
Measurable
Attainable
Relevant
Time based goal .

Everything is #time based as time saved can be used constructively for other purposes or even wasted happily ! :))

4/12

A large proportion of our output results from a small proportion of inputs . LEVERAGE SMARTLY !
*Cultivate a forward looking #mindset.
* Learn to #skim and #scan.
* Dedicate #focus & #energy to tasks that produce the greatest impact WRT our goals.
* #Unlearn often

5/12
*#TimeManagement*

Maintain a quality to-do list & a daily to-do list .Ensure high value tasks are mentioned first. Stick to it !
*Be realistic .
*Don't bite off more than you can chew.
*Under promise & over deliver at work to gain attention intially ( NOT VICE VERSA!)

I have a $100,000 business degree.

But I've learned 10x more by reading books.

10 business books that will change your life:

Getting to Yes by Roger Fisher

Lessons:
• You can negotiate anything you want.
• The best negotiation tactic is to first offer the other side something they want.

Drive by Daniel Pink

Lessons:
• Money alone isn't enough to motivate us.
• We are most motivated when we can also achieve control and freedom.

The Almanack of Naval Ravikant by Eric Jorgenson

Lessons:
• The most effective way to get rich is to learn how to build and sell a product.
• The only real test of intelligence is if you get what you want out of life.

Atomic Habits by James Clear

Lessons:
• Habits compound to produce huge results.
• The best way to build habits is to make them easy, attractive and rewarding.

Reading is to the mind what exercise is to the body.

But nowadays, let alone buying a #book, it takes a lot of effort to even finish what we had started because of our hectic schedules.

To solve this, @elearnmarkets brings you best #finance book summaries, all in one place!

🔖One Up On Wall Street by Peter Lynch

This book provides a holistic knowledge of investing in stocks. The author discusses how to use what you already know to make money in the market. It serves as an extensive guide for investors. Read more:

🔖Think and Trade Like a Champion by @markminervini

The book will show you how to increase your returns while keeping your risk to an absolute minimum. Mark reveals his personal trading rules that made him super successful stock trader.

Read more:

🔖Trading in the zone by Mark Douglas

Douglas uncovers the underlying reasons for lack of consistency & helps traders overcome ingrained mental habits that cost them money. He exposes the myths of the market, to look beyond random outcomes.

Read more:

🔖Rich Dad Poor Dad by @theRealKiyosaki

Robert Kiyosaki developed his unique economic perspective from two very different influences. He speaks about the monetary problems experienced by his poor dad and the life experiences of his rich dad.

Read more:

15 Powerful Lessons From The Book "The Evolution of Desire"

- Psychology Thread -

Monogamy is probably enforced because society is mostly comprised of beta males.

Women marry believing that their husbands will change.

Men marry believing that their wives will not change. They are both wrong.

How do we assess our mate value? Well, one way is you get out there in the meeting pool and see who's interested. If there are a lot of eights, nines and tens who are very eager to mate with you, then that reveals something about your current mate value.

men tend to prefer women younger than themselves and, as they grow older, their preferred age gap increases

12 Top Lessons From the Book “ Rework“

📗Book Review

1.Mistakes and Learning

📝Learning  from your success will always tell you what to do next, therefore it is important to understand that failure is not a prerequisite to success.

👉🏻When you learn from your mistakes, you learn what NOT to do.

2.Don’t let the past drive the future

❌You have to learn to go in new directions, because that is what suitable today.

✅ If you break your tasks into smaller tasks, you are much more likely to be accurate, compared to estimate something big.

3.Premature Growth means death

🌐See what feels right, small companies wish they were big, and big companies wish they were more agile.

❗ Premature growth is a death point, don’t grow for the sake of growing.

4. Don’t be a Workaholic

🗝️Workaholics create more problems than they solve. If you always work hard you don’t know what are considered to be real problems.

❌  Work hard when required, not all the time — you will burn out.