The Compound Effect

{Thread}

What does the compound effect look like?

[[Magic Paisa]]

You got two choices:

1. Taking ₹30Lakhs today or
2. Taking 1 Paisa that DOUBLES every day for 31 days

Which one would you take?

To make great wealth you should go with option 2

Here why: Day 1: ₹0.01,
- Day 10: ₹5.12
- Day 20: ₹5,243

This is when the magic happens, watch this

- Day 29: Around 26L
- Day 30: ₹53.6L

- Day 31: ₹1,07,37,664 (Three times the option 1)

“Small, Smart Choices + Consistency + Time = Significant results ”

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
- Behaviour
- Habits
- Time

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

Remember
“What’s simple to do is also simple not to do.”

How to become aware of your choices:

Track every action

Want to get out of debt? Track every rupee ₹
Want to lose weight? Track every calorie

Take notes, every single day, no excuses.

“You make your choices, and then your choices make you.”

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
- Avoid Cheap Dopamine
- Find core values
- Set Goals
- Kill bad habits
- Create a good habit

Why having a strong why is important?

Cheap Dopamine:

Instant Gratification Traps:

- Fast food
- Mindless Scrolling
- Porn
- Smoking, Drinking
- Binge Watching

Start thinking about how to get out of them.

Become aware of how you are behaving

If you say family is your priority but they don't appear on your busy calendar, they aren't really

Make a list of bad habits

How to kill a bad habit:

1. Identify the triggers
2. Clean them or
3. Swap it
4. Take it easy
5. Or go all out

Read on (I'll explain them all)

1. Identify the triggers

For every bad habit write down the Big 4s.

"Who, What, Where, When"

2. Clean whatever that triggers them

Remove the liquor bottles, Stop buying junk food

Get rid of anything that enables bad habits

3. Or Swap it

Replace a big ice cream dessert with a piece of chocolate/cookie

Replace Chips with nuts or vegetables

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
Your Infomation diet

This is mine https://twitter.com/pradologue/status/1309496253043023872?s=20

Keep going

Don't give up.

Not on your goals, habits, momentum, nothing
Just not yet

Be patient. The compound effect will work.

One of the best humans I know is Warren Buffett.

One Formula

If you learned something new
RT this thread.

You can follow me for more interesting threads and stories

Much love,
Prado.

This thread is taken from the book
The Compound Effect by Darren Hardy

And a few other resources

Thanks for your time :)