Krishna Chaitanya's Reviews > The Compound Effect
The Compound Effect
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The compound effect is always at work in the background whether you notice it or not. If you make smart, small choices and develop good habits then over time you reap massive results, on the other hand, if you make unconscious and ineffective choices, the compound effect goes for a tailspin and leads to inefficacy.
This book offers some interesting insights, If you were given a choice between taking $3 million in cash this very instant and a single penny that doubles in value every day for 31 days, which would you choose?
In the above scenario, if you choose the 2nd option, you might not see any significant improvement in the first few weeks because the compound effect takes so much longer to see the payoff i.e., by day 31, you have more than three times than the 1st option has offered.
So, to put this effect in action, the author has provided an actionable framework to improve your choices and develop good habits. The remainder of the book is high on motivation, like stop listening to radio, quit news or TV and instead listen to instructional and inspirational audio during your free time or commute. The final chapter ends with few success stories.
by

The compound effect is the principle of reaping huge rewards from a series of small, smart choices.
Small, smart choices + Consistency + Time = Radical difference
The only path to success is through a continuum of mundane, unsexy, unexciting and sometimes difficult daily disciplines compounded over time.
The compound effect is always at work in the background whether you notice it or not. If you make smart, small choices and develop good habits then over time you reap massive results, on the other hand, if you make unconscious and ineffective choices, the compound effect goes for a tailspin and leads to inefficacy.
This book offers some interesting insights, If you were given a choice between taking $3 million in cash this very instant and a single penny that doubles in value every day for 31 days, which would you choose?
In the above scenario, if you choose the 2nd option, you might not see any significant improvement in the first few weeks because the compound effect takes so much longer to see the payoff i.e., by day 31, you have more than three times than the 1st option has offered.
So, to put this effect in action, the author has provided an actionable framework to improve your choices and develop good habits. The remainder of the book is high on motivation, like stop listening to radio, quit news or TV and instead listen to instructional and inspirational audio during your free time or commute. The final chapter ends with few success stories.
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Reading Progress
December 21, 2020
–
Started Reading
December 21, 2020
– Shelved
January 3, 2021
– Shelved as:
2021
January 3, 2021
– Shelved as:
nonfiction
January 3, 2021
– Shelved as:
productivity
January 3, 2021
– Shelved as:
self-help
January 3, 2021
–
Finished Reading
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carol.
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Jan 04, 2021 09:38AM

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All the best Carol!!!

All the best Lucy!!!
