Key Points from Book: The Compound Effect

Slow and steady wins the race

Small, smart choices + concistency + time = radical difference

You may not see the difference between doing good habit and bad habit in the short term, but on the long term the difference will be huge

First you make your choices, then your choices make you

It’s the small things that will hurt us the most

Most of the choices we made is automatic, like sleepwalking. It is important to make empowering choices

Take 100% responsibility of anything you are involved in.

Luck is when opportunity meets preparation

Luck: preparation, attitude, opportunity, action

Track everything you do, track your money, time, food. Tracking brings awareness

There is small difference of effort between the champion and the second winner, but a huge difference in payoff

Take a small step and save money every month

Step by step, day by day, your choices will shape your actions until they become habits, where practice makes them permanent

Habit: the older they are, the bigger they get, the deeper roots geow, amd the harder they are to uproot. Some get so big, with roots so deep, you might hesitate to even try

We are what we repeatedly do- aristotle

Stop having instant gratification and prepare your future with the present

Those who have a strong why will outperform those who know the best how

Having a goal and thoughts according to it will bring it to reality

If you want to have a quality girlfriend, think about why a quality girl like her wants to be with you

Stop wasting your time doing random shit like watching tv, news, playing games too much

How to eliminate bad habits:
Identify your triggers, why and when and where you usually do it
Clean your environments that support you doing it
Swap your bad habit with good or neutral one
Change slowly from time to time
But you could also jump in
Are you controlling your action? Or does it control you?

Installing good habits:
Surround yourself with supportive environment
Think about he good things you want to do, eat instead of the bad things you shouldn’t do
Make your promises public so they can track on your progress
Find a success buddy
Competition for optimum performance
Celebrate your achievement

When troubles come, will you break or stand?

Habits of years will take change in time, be patient

It takes time and energy to built momentum, but once it is running stable you just need to give it a little push once a while

What you do routinely is more important than what you do once in a while

Have a morning and night routine to start and end your day strongly. No matter what happened in between, you’ll always start and finish with your way.

To avoid boredom, try anything new every week or month

Don’t over do it when changing your habit, make sure what you do could be maintained for a lifetime, not just weeks

Once you stop doing a habit, you lose everything you did from the start

Keep your body and mind healthy by having a good thought and food. Bad input such as bad news, junk food, corrupt thought, jealousy are destroying yourself

Choose your closest friends wisely, know with whom you could associate to bring positive thought

Have a mentor who have done what he teach you

Do more than expected, push yourself beyond limit


About Journeyman

A global macro analyst with over four years experience in the financial market, the author began his career as an equity analyst before transitioning to macro research focusing on Emerging Markets at a well-known independent research firm. He read voraciously, spending most of his free time following The Economist magazine and reading topics on finance and self-improvement. When off duty, he works part-time for Getty Images, taking pictures from all over the globe. To date, he has over 1200 pictures over 35 countries being sold through the company.
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