Lessons from "The Compound Effect" book
- Never stop doing what made you successful. People get to a certain level of success and become too comfortable
- Your only path to success is through a continuum of mundane, unsexy, unexciting, and sometimes difficult daily disciplines compounded over time.
- Take 100% responsibility for the decisions you take
- Lick your wounds, learn the lesson and move on
- All winners are trackers. They track what they do or are about to do.
- Every time you spend a buck today it's like taking 5 dollars out of your future pocket(5X in 20 years)
- Buy things looking at future price adjusting inflation and returns on investment
- The difference between no 1 and no 10 players is minuscule but prize money is 5X
- Just do 1/10th of 1% improvement each day
- Your life is the product of your moment-to-moment choices
- Losing is a habit. so is winning.
- We are born with instincts but no habits at all
- Unlearn habits that aren't serving you well
- Think your way out of the instant gratification trap
- You've got to want something, and know why you want it, or you'll end up giving up too easily
- Is your why power great enough? Ask why you are doing the things you are doing.
- The compound effect is always working and it will always take you somewhere
- Success is something you attract by the person you become
- Swap bad habits with good habits
- The secret to success is found in your daily routine
- According to research- It takes around a year to convert a habit into an unconscious practice
- Go for a public display of accountability to get rid of addictions
- Have success buddy
- Competition is good for progress
- Change is hard
- Consistency is the key to achieve and maintain momentum
- Your brain is not designed to make you happy. Your brain has the only one agenda in mind: Survival
- Consume fewer media. The media has always used shocking and sensational news to draw attention
- Your reference group/Friends circle determines 95% of your success or failure in life.
- Don't wish it were easier, wish you were better.
- The real growth happens after you hit the wall - Your maximum capacity.
- Do more than expected
- No Idea is worthwhile if it doesn't start with "Wow"
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