How To Utilize The Compound Effect
We live in an instant world. Things like instant downloads, fast food, same day shipping, provide us immediate results. This new phase that we live in has disrupted our ability to trust the process. To solve this issue, we need to trade our desire for immediate results in exchange for immediate alignment with our core values. The process begins with discovering your core values.
Step 1: Find someone in your field that you aspire to be like.
Step 2: Find the key attributes that most contribute to their success.
Step 3: Align the choices and actions you make with those attributes.
Once you have determined exactly who you want to be, you must align every thought and action to this ideal. Whether you recognize it or not, these thoughts, choices, and actions are compounding on each other everyday. Although these small changes may seem miniscule in the moment, over time the results become massive.
The more trust you put into the process, the greater chance you have at succeeding long term. Below are 6 processes you should follow to reap the most out of the compound effect.
- Focus on small things in life.
- Improve your daily routine.
- Make careful and visionary choices.
- Never think short-term, always focus on the big picture.
- Make healthy habits and choices in your life, try to get rid off bad habits.
- Be patient and consistent, wait for the results.
Real Life Example
Author of The Compound Effect, Darren Hardy, used the following example to explain the compound effect.
An employer offered his employees two options:
- Option 1) Work 30 minutes per day to push your skills and show improvement. At the end of the first week, you will get $10 with a 10% raise at the end of each week if you put in the work consistently without fail.
- Option 2) Put in the same amount of time on a non-consistent basis without the need to improve your skills (just use your existing skillset) for $5000 per month.
Which is the better option?
Overtime, the results will show this:
Lesson of the Story: Focus and measure the percentage gains not the net gains. Over time, small & smart decisions made consistently everyday that are in alignment with your main vision lead to incredible results. This is the compound effect.
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