The Compound Effect was a book recommended by John Lee Dumas of Entrepreneur on Fire and I agree it is a very valuable book. It is clear that Darren Hardy is a hardworking and successful man who has clearly benefitted from the discipline that he has applied in using the Compound Effect in his own life. For those who have been around the self development world for any time, you can recognise that the ideas are probably the most plagurised in literature. What is clear is that the ideas in the Compound effect are not new. The story of the ‘magic penny’ can be traced, in principle at least back to an ancient Persian poem (c 970-1010 ) but this does not make the lesson any less important to learn.
Additionally, some of the guidance in the book can be found in Napoleon Hill’s The Laws of Success and also in Jeff Olson’s Slight Edge.
That said, all three books are inspirational, motivational and highly practical and Darren’s up to date presentation remains a source of strong and effective guidance to the benefits of constant small and positive improvements.
The key points to take away from Darren’s book are:
- It is possible to win despite the competition if you make small and continuous improvements to how you apply your strengths and talents.
- Remove you bad habits and install new habits that are more beneficial and lead to continual improvement. Darren ensures you recognise this as being both important and difficult.
- Master the few key disciplines required for major breakthroughs of achievement but expect them to take some time to manifest. small changes compound but not overnight!
- Motivate yourself to do what you really don’t want to do but understand that you will be exploiting the momentum of habit after you repeat the improved action a few dozen times.
- Exploit and model the behaviours of those superachievers who have already attained what you are aiming for (perhaps Darren Hardy himself).
Each of the early chapters has a review of the key points in a summary and there are also action plans and exercises to complete so that you can see the benefit of the compound effect in your own life. These will guide you in the early stages until your habits form and you are less conscious of the approach.
What does come across from the book is the passion Hardy has for the benefit of the compound effect and the tenacity of his prose for making you apply what he recommends. It is clear to see why he is personally successful in this field.
A good book for your self improvement library and one to revisit time and again, if not for the simple concepts, then for the inspiration and motivation.
Dare to Aspire