The Compound Effect Flashcards
How much is $1 costing you in 20 years what you spend today?
$5
What financial attainment is related to behaviour?
80%
What is the key to success?
Learning and Consistency
What effect is the operating system that has been running your life whether you know it or not?
The compound effect
Definition of the Compound Effect
The strategy of reaping huge rewards from small, seemingly insignificant actions
What is knowledge that is not applied?
Wasted
What is the first step towards change?
Awareness
What factor is first to improving something?
Measuring it
What is your life a result of?
Moment to moment daily choices
Definition of the law of attraction
Directing your attention to something that is already there
What do the top 20% of people focus their free time on?
Education
What happens to objects in motion with no resistance?
They stay in motion
What is the hardest part of momentum?
The begining
What is the difference between learning and studying?
Learning leads to knowledge, and Studying leads to the application of knowledge
The formula of the Compound Effect?
Small Simple Steps (S3) + Consistency (C) + Time (T) = Significant Results (SR)