{"id":507,"date":"2019-03-07T14:10:31","date_gmt":"2019-03-07T14:10:31","guid":{"rendered":"http:\/\/www.greatideasgreatlife.com\/?p=507"},"modified":"2019-07-02T04:30:19","modified_gmt":"2019-07-02T04:30:19","slug":"the-compund-effect-jump-start-your-income-your-life-your-success-by-darren-hardy","status":"publish","type":"post","link":"https:\/\/www.greatideasgreatlife.com\/blog\/the-compund-effect-jump-start-your-income-your-life-your-success-by-darren-hardy\/","title":{"rendered":"THE COMPUND EFFECT : Jump Start your Income, your life, your success by Darren Hardy"},"content":{"rendered":"\n

If you are given two possible options of taking 3 Million Dollars in cash or A penny that doubles in value every day for 31 days, what choice would you make? Without any deep thinking, almost everyone would go for the first option considering these facts:<\/p><\/blockquote>\n\n\n\n

  1. It seems like a whole lot of money compared to the other<\/li>
  2. It does not require time as you’d get it almost immediately <\/li>
  3. It is in cash.<\/li><\/ol>\n\n\n\n

    However, if we should take a closer\nlook at these options and make use of basic mathematics we learned in school,\nwe will realize that a penny that doubles in value every day for the next 31\ndays is worth almost 11 Million USD. Surprising? This means that if you had\nchosen a penny per day, you would be more than 7 million USD richer than the\nindividual who chose 3 million USD cash. The little penny over time made the\ndifference. This is what the compounding effect is all about. <\/p>\n\n\n\n

    In essence, the compounding effect\nis the act of attaining success starting with small steps or actions. In the\nabove example, the small step or action was to accept a stipend of a penny\ndaily for 31 days while the success was ending up over 7 million USD richer\nthan the first option.<\/p>\n\n\n\n

    The Big Idea of Compound Effect<\/strong><\/h2>\n\n\n\n

    Your decisions or choices + Your actions or behaviour + repeated actions + Time = Success.<\/strong><\/p><\/blockquote>\n\n\n\n

    Let’s explain each component with\nrelevant examples.<\/p>\n\n\n\n

    Choices\/Decisions<\/strong><\/h2>\n\n\n\n

    According to Hardy, the only\ndifference between the broke, unhealthy and depressed or the healthy, rich and\nundepressed is the choices they made. Our present state is a product of the\ndecisions we have made beforehand. For example, what you have become today be\nit a doctor, engineer, business owner, etc., is a product of the choices you\nmade while growing. In essence, we can say that our lives are a reflection of\nour choices. Take, for instance, if you decide to lose some weight now, your\nlife will reflect that you have lost weight in the future and that’s when you’d\nhear people ask you questions like: <\/p>\n\n\n\n

    “You look slimmer; did you lose\nsome weight.”<\/p>\n\n\n\n

    “I like how you look now, much\nslimmer.”<\/p>\n\n\n\n

    How do you think they would be able\nto detect that you decided to lose weight some time ago? Because you have\nbecome a physical representation of your choice. <\/p>\n\n\n\n

    There is a saying that states that\nsuccess is a product of the many good decisions you have made while failure is\nthe product of the many good decisions you failed to make. For your life to\nimprove, there must be an improvement in your decision making, and for me, a\ngood decision is borne out of conscious and critical thinking. I don’t know if\nthis happens to you, but I get to remember some of the things I did as a kid,\nand I feel disgusted that I ever did them. Can you relate? There was a time I\nthrew a stone a kid who annoyed me but rather than the stone hit the kid; it\nlanded on the screen of a car. I knew there were cars around, but I wasn’t\nconscious enough to think of the possible outcome as I was so angry at the\nyoung lad. That one decision caused a lot of issues for me that day. <\/p>\n\n\n\n

    What I am trying to emphasize is\nthat what makes a good choice is the process of taking out time to assess and analyse\nit. What are the advantages and disadvantages of each option? If I take this\nstep, would it work for me? Those and many more are questions you should ask\nyourself. The truth is that many people are in their worst state today because\nthey made wrong decisions impatiently without waiting to analyse the situation\nand possible outcome. You can take a survey, pick out some folks and ask them\nwhy they are at this stage of their life. You’d notice that a number of them\nwould take you back through memory lane. The rich and healthy would tell you\nthe choice they made that brought about a remarkable change in their life while\nthe poor would tell you of the choice they did not make that brought about this\npathetic life they are living. Our life is the total of all the choices we’ve\nmade.<\/p>\n\n\n\n

    I have seen people that claim they don’t make choices. That’s not possible. Your decision to not make a decision is a decision itself. <\/p>\n\n\n\n

    Actions\/Behaviours<\/strong><\/h2>\n\n\n\n

    After making that choice of reading a book weekly, losing some kg, hitting the gym, saving some money, etc., your choices are nothing but empty thoughts until it is brought alive by your actions. Your behaviour<\/g> towards that choice you have made is what matters in compound effect. The folk that decided to read four books per month has only decided to do it until he starts reading those books. If you decided to lose some weight, your decision remains invalid until you begin to do the necessary things that would help you lose weight like dieting, exercising, etc. That’s action! <\/p>\n\n\n\n

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