9 Lessons from 'The Compound Effect' By Darren Hardy

THREAD 🧵

1/17

IKIGAI : A reason for BEING .

I have structured the essential bits & pieces of the book in a flow for easy understanding + compiled some handwritten notes.

As always these are just MY TAKEAWAYS from the book :))
#ikigai
#BookReview
#BookRecommendation

2/
Firstly what is #IKIGAI ?

The Japanese call it - A REASON TO JUMP OUT OF BED EACH MORNING.

It's a convergence of 4 things .
*What you love
*What you are good at
*What you can get paid for
*What the world needs .

We need to find our Ikigai in life!
(Pic from the net)

3/
Let's begin with DAILY HEALTH HABITS.

A SOUND MIND IN A SOUND BODY .

Both our MIND & BODY must be exercised well to avoid deterioration in latter years of life .

Have a mental workout routinely by stepping out of your COMFORT ZONE.
Expose yourself to CHANGE.
#RewireBrain

4/
For a sound body there's no need to exercise relentlessly . Regular Yoga, Surya namaskar and Gardening is more than enough.

Don't be a couch potato! 🤷 Keep moving !
Our metabolism slows down just after 30 min of sitting sedentary.
#KeepMoving

5/
#StressKills

Most health problems are STRESS INDUCED.
Hence TAKE TIME OFF every now & then .
SLOW DOWN !!
Life isn't a race .So stop running all the time.

Condition your mind to enjoy each moment by practising #Mindfulness.
Be Self aware & aware of your surroundings!

Reading is to the mind what exercise is to the body.

But nowadays, let alone buying a #book, it takes a lot of effort to even finish what we had started because of our hectic schedules.

To solve this, @elearnmarkets brings you best #finance book summaries, all in one place!

🔖One Up On Wall Street by Peter Lynch

This book provides a holistic knowledge of investing in stocks. The author discusses how to use what you already know to make money in the market. It serves as an extensive guide for investors. Read more:

🔖Think and Trade Like a Champion by @markminervini

The book will show you how to increase your returns while keeping your risk to an absolute minimum. Mark reveals his personal trading rules that made him super successful stock trader.

Read more:

🔖Trading in the zone by Mark Douglas

Douglas uncovers the underlying reasons for lack of consistency & helps traders overcome ingrained mental habits that cost them money. He exposes the myths of the market, to look beyond random outcomes.

Read more:

🔖Rich Dad Poor Dad by @theRealKiyosaki

Robert Kiyosaki developed his unique economic perspective from two very different influences. He speaks about the monetary problems experienced by his poor dad and the life experiences of his rich dad.

Read more:

9 Best Lessons From "48 Laws of Power" by Robert Green

- 𝙏𝙝𝙧𝙚𝙖𝙙-

1. Always Say Less Than Necessary

The more you talk the more likely you will say something foolish.

- Ask questions and listen more
- Control what you reveal about yourself
- Avoid revealing your weaknesses to others

2. So Much Depends on Reputation – Guard It With Your Life

You can use it to intimidate and win.

But it can also kill you and the opportunities that present themselves to you.

Being unpopular and going against what's popular might seem cool, but it can harm you too.

3. Win Through Your Actions, Never Through Argument

Any triumph you gain through argument doesn't have much value, won't last long and is a waste of time.

The more you think about this, you realize how true it is.

Focuso on your actions.

4. Avoid the Unhappy and the Unlucky

Emotions can be as infectious as a pandemic.

Avoid people who portray themselves as victims. You won't be able to cure them, so don't sink trying to save them.

Surround yourself with happy and ambitious people.

Lessons I Learned From the Book

"13 Things Mentally Strong People Don’t Do"
✍🏻 @AmyMorinLCSW

📚 Book Review (thread)

1.Mentally Strong People Don’t Worry About Pleasing Everyone

Pleasing everyone can negatively impact mental strength.

When you accept you won’t please everyone, you become stronger and build courage when you anticipate displeasing others.

2.They Don’t Feel the World Owes Them Anything

Mentally strong people can shift their focus away from their debt. Hence, they can help people in need. Mentally strong people keep themselves busy doing good deeds.

3.They Don’t Waste Time Feeling Sorry for Themselves

No one is immune to hard times. However, it is how you react to these situations that is important. They replace self-pity with gratitude.

4.They Don’t Resent Other People’s Success

Overcome your envy of other people’s success and learn how to use their success to your benefit.

When people enjoy and celebrate success, they attract other successful people, creating opportunities for collaboration success.

An entrepreneur who changed my life:

Naval Ravikant

He’s one of the deepest thinkers alive and attributes all of his success to reading.

Here are 10 books Naval recommends to make you healthy, wealthy and wise in 2023:

1. Poor Charlie's Almanac

Charlie Munger — Investor

Warren Buffett calls him the smartest man he knows.

The Almanac is a collection of Munger's thoughts, speeches and writings.

Impactful quote:

2. Man’s Search for Meaning

Viktor Frankl — Psychiatrist and Holocaust Survivor

A reflection from Frankl’s time as an Auschwitz inmate.

Impactful quote:

3. Surely You're Joking, Mr. Feynman!

Richard Feynman — Physicist

The hilarious autobiography of one of the 20th century's most intelligent and interesting men.

Impactful quote:

4. Influence

Robert Cialdini — Psychology Professor

The Bible of persuasion.

Impactful quote: