What does the compound effect look like?
[[Magic Paisa]]
You got two choices:
1. Taking โน30Lakhs today ๐ฐ or
2. Taking 1 Paisa that DOUBLES every day for 31 days ๐ฏ
Which one would you take?
To make great wealth you should go with option 2 ๐
Here why: Day 1: โน0.01,
- Day 10: โน5.12
- Day 20: โน5,243
This is when the magic happens, watch this
- Day 29: Around 26L
- Day 30: โน53.6L
- Day 31: โน1,07,37,664 (Three times the option 1) ๐ฅ
โSmall, Smart Choices + Consistency + Time = Significant results โ โก๏ธ
Let's talk about how to make the compound effect work for us:
The compound effect works on both sides "Positive & Negative"
To make compound work it mostly comes down to these things:
- Choices โจ
- Behaviour ๐ค
- Habits ๐โโ๏ธ
- Time โณ
And a few more...
Every choice you pick, every decision you make has a compound effect.
No one intends to look fat, go bankrupt, or get a divorce,
those consequences are the result of a series of small, poor choices ๐
Remember
โWhatโs simple to do is also simple not to do.โ
How to become aware of your choices:
Track every action ๐
Want to get out of debt? Track every rupee โน
Want to lose weight? Track every calorie ๐ฝ
Take notes, every single day, no excuses.
โYou make your choices, and then your choices make you.โ
Habits:
A man once asked a horse rider - "Where are you going"?
Rider: I don't know, Ask the horse.
This is the story of most people's lives, the habits are riding people with no idea where they are heading
"We are what we repeatedly do" - Aristotle
Contents:
- Have a strong why ๐ฏ
- Avoid Cheap Dopamine ๐ป
- Find core values โก๏ธ
- Set Goals ๐ฏ
- Kill bad habits โ
- Create a good habit ๐
Why having a strong why is important?
Cheap Dopamine:
Instant Gratification Traps:
- Fast food ๐
- Mindless Scrolling ๐ฑ
- Porn ๐
- Smoking, Drinking ๐ป
- Binge Watching ๐ป
Start thinking about how to get out of them.
Become aware of how you are behaving โจ
If you say family is your priority but they don't appear on your busy calendar, they aren't really ๐
Make a list of bad habits ๐
How to kill a bad habit:
1. Identify the triggers โก๏ธ
2. Clean them or
3. Swap it ๐ค
4. Take it easy ๐
5. Or go all out ๐๏ธโโ๏ธ
Read on (I'll explain them all)
1. Identify the triggers โก๏ธ
For every bad habit write down the Big 4s.
"Who, What, Where, When"
2. Clean whatever that triggers them ๐
Remove the liquor bottles, Stop buying junk food ๐
Get rid of anything that enables bad habits
3. Or Swap it ๐ค
Replace a big ice cream dessert with a piece of chocolate/cookie ๐ช
Replace Chips with nuts or vegetables ๐ฅ
Soft drink with Diet ones or water
4. Take it easy
Take it slow
Week by Week
5. Or go all out
100% ASAP.
Challenge yourself:
Take a bad habit,
Go on a 30-day fast,
If you broke it - you are addicted to it :)
How to create a good habit:
1. Set yourself up to succeed
2. Think addition not subtraction
3. Accountability
4. Find a success friend
5. Competition
6. Celebrate
7. Be patient
DM me if you didn't understand any (Thread will be too big lol)
Once the habits get going, its time for the momentum
The Flow.
Know your influences ๐
Your Infomation diet
This is mine ๐
https://t.co/V1ba4Yat0D
Keep going ๐
Don't give up.
Not on your goals, habits, momentum, nothing
Just not yet โก๏ธ
Be patient. The compound effect will work.
One of the best humans I know is Warren Buffett.
If you learned something new ๐
RT this thread.
You can follow me for more interesting threads and stories ๐ฏ
Much love,
Prado.
This thread is taken from the book
The Compound Effect by Darren Hardy
And a few other resources ๐
Thanks for your time :)