HOW TO GET RICH WITH POWER OF COMPOUNDING | THE COMPOUND EFFECT BOOK SUMMARY
The Compound Effect
Book Summary by Darren Hardy
Introduction
We become what we repeat over and over again There is a simple formula in the life of every human being Combines over time to generate a compound effect Today I bring you the complete Book summary of Darren Hardy's Book The Compound Effect, In book Summary of The Compound Effect we will see what changes we have to make in our everyday life to bring changes in our life. by using Compound Effect you can take your business to new heights, make smart decisions in your life, make your relationship strong and get a high name. I will repeat all the important things mentioned in short, so that you can easily remember the things mentioned in this blog . So let's start with the first the compound effect book summary
the compound effect chapter 1 summary
chapter 1) The compound effect in action:
Imagine you have two choices, first choice - you will be given 3 million dollar cash at the same time and second choice is that you will be given a paisa which will double every day for 31 days. So which option will you choose from this, the first one or the second. You can think of it comfortably by doing video pause, so maybe you must have thought by now. Off course you must have chosen the first option because you must be feeling that man is getting 3 million dollars at the same time and that too cash. But wait, don't be so happy because if you understand this thing in the language of a maths, then you may be shocked. And there might be some regrets too. Because there is a paisa which doubles every day for 31 days. Its cost will be 11 million dollars after 31 days and in the option you choose, you are getting only 3 million dollars i.e. 7 million dollars less, this is called compounding effect. And the writer says that we should take our actions thoughtfully, Writer Darren Hardy says. "Small Unsexy but smart decision made consistently leads to incredible results" Writer Darren Hardy himself is a multi-millionaire. And they also follow the same thing. They say compound effects are not valid only in finances. Rather, our small decisions, habits, health, and relationships are helpful in all areas of life.
the compound effect chapter 2 summary
Chapter 2) Choices:-
Compound effect is going on all the time in our life. It never closes. Whether you want it or not, it is working against you or in your favor. If you want, you can use it in the future by being conscientious or you can ignore it and face its negative effects in future. That's why Writer Darren Hardy of this book tells us that we should take 100% responsibility of our life because compound effects can give us as much harm as it can, for example if you start consuming some bad thing, like drinking, drugs , smoking etc. This will not affect your daily life, but due to compounding effects, this thing will ruin your future by teasing. Similarly, compounding effects apply to all these bad habits. And it thus ruins our future. So to identify our choices and improve them writer Darren Hardy tells us a strategy By Following which we can find our choices. Like if you find one thing in your life that you want to improve. Then make an action plan to follow it and then focus on the same thing for 7 days. For example, if you want to follow a proper diet plan, then track it. And after doing this for 7 days, you will be able to understand how little junk food you have eaten. Haven't eaten so many bad things. And you can improve the different choices of your life like this.
the compound effect chapter 3 summary
Chapter - 3) Habits Aristotle
A Greek Philosopher said "We become what we repeat over and over again." what you feel, think and do in your life 95% of it is the result of your habits Having a daily routine separates successful people from other people. Many people try to create new habits but often they fail because they use their will power while they should use their 'why power'. 'Will power' may end but 'why power' will never let you down. ‘Why powerâ means that whatever we are doing, it should be very clear in your mind why you are doing that work. When your 'why' is strong, then your chances of being successful in that work greatly increase. When you combine Compounding with your good habits like healthy eating, then in the long run you get amazing results, whereas if you combine it with any bad habit i.e. drinking, then after a long time it can get terrible results. Writer Darren Hardy has given some ways to to eliminate bad habits and create good habits.
the compound effect summary key points
First of all we know about ways to eliminate bad habits:
1. Identify the trigger of your bad habit. The more aware you are about it, the easier you will be able to control it.
2. Remove the triggers of your bad habits from your environment.
3. Try to replace your bad habits with good ones.
4. Try to change the habits that you can change immediately, and gradually try to change the habits that have reached a great depth.
Let us now know about the ways to make good habits:
1. Whatever habit you want to make, first of all remove all the obstruction in it, like if you want to adopt the habit of healthy eating then everyone around you Eliminate all kinds of unhealthy foods.
2. Always focus on how much good will happen in your life with good habits.
3. Tell others about your new habits, in this way you have a responsibility to continue your habits.
4. Whenever you adopt a new habit, do a small celebration to reward yourself.
Chapter 4) Momentum
There is a simple formula for every person's life. Which has been told by Darren Hardy, the writer of this book. Choice + Behaviours + Habits + Compounded = Results Like where you have a choice, you take a decision, whether that work is good or bad, you take an action related to that choice through your behavior and then do that work in your Habit repeatedly. And then by going on like this for some time, your Habit, combined with Time, generates a compound effect. And again all the results are combined to produce momentum in the end. That is, a result form gets inside you. A Habit form is formed as if you wake up every morning and start brushing and that too without any effort. And as soon as a momentum is generated inside you. You can do any of your Habit effortlessly. And finally all these results start being produced which takes you towards success.
Chapter 5) Influences :-
Writer Darren Hardy says there are 3 types of Influences. Which defines the success of everyone. If you understand these 3 influences well and follow them, then no one can stop you from getting success in life.
1) Input = Do you pay attention to negative things every day, focus on negative things. You pay more attention to the things that make you feel sad and depressed. So all these things can be harmful for your future. Instead, watch motivational videos, read books and learn something new.
2) Your Habit:- Do you spend most of your time with bad people, spend with negative people who look down on you. Which has a negative impact on your mind. So leave them and start spending time with people who support you, listen to you and from whom you can learn and grow. This habit will definitely help you to become successful.
3) Your environment:- Your brain is able to work well only when your environment is good i.e. you are positive from inside. So that is why you have to clean the mental and physical garbage otherwise you will be struggling with all these problems all the time, like some work being incomplete and then its stress, all these things also have an effect on your relationship. And your health also keeps getting worse due to this thing. Writer Darren Hardy says that along with our Habits and our Behavior, all the three influences also compound and have a greater effect on our life. That's why we should pay attention to all these influences.the compound effect darren hardy summary
Chapter - 6) Acceleration
If you follow all the steps mentioned by Writer Darren Hardy with a little more energy and thinking, then you can increase your results manifold. Look at every obstacle that comes in your way as an opportunity. Because that's the time when you really grow Darren Hardy says that most people face the same kind of problems or obstacles and most people give up in front of these problems. The reason for the success of very few people in any field is that very few people are able to cross these obstacles and move forward. Remember that if you can become such a person who can move forward by overcoming these problems or obstacles of life, then on the other hand big success will be waiting for you. Be such a person who thinks differently from others and behaves differently according to the situation. If you want to be more than an average person, then you have to aim to become extraordinary. It is a good thing to live up to your expectations but always try to go beyond your expectations. When you go beyond your expectation and do something more, then your success also increases manifold. So friends, as I told you that at the end of this video, I will repeat all the important points given again, so let's look at all the important things once again: Compound effect is not valid only in finances. Rather our small decisions, habits, health, relationships are helpful in all areas of life. Compound effect is going on all the time in our life. It never closes. Whether you want it or not, it is working against you or in your favor. 95% of what you feel, think and do in your life is the result of your habits. When a momentum is generated inside you then you can do any of your Habit effortlessly. And finally all these results start being produced which takes you towards success. If you can become such a person who can move forward by overcoming the problems or obstacles of life, then on the other hand big success will be waiting for you. Friends, the compound effect summary english
Thank you!
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