The Compound Effect Flashcards

1
Q

Many people are naturally talented in the areas you want to be strong in. If you’re competition is smarter or stronger than you, then __________________. If the teachers recommendation is to do 10 math problems per day, ____________________.

A

Make up for it with
1. Hard Work
2. Consistency
3. Good Habits

Do 1,000 Math Problems Per Day to get ahead of your competion.

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2
Q

What is the Compound Effect?

A

The compound effect is the series of consistent actions or habits that compound into something greater over time.

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3
Q

What is the Compound Effect Formula? What’s a good Example of this?

A

Small Smart Choice + Consistency + Time = Radical Difference

The Compounding Penny vs. $3MM over a Month.

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4
Q

Success is not about doing 1,000 things really well…….

A

Success is about doing a few things 5000 times so you can be EXTRAORDINARY at it. This is a product of the Compound Effect

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5
Q

Is information the Problem?

A

No, we already have all the information we need. If information was all that we needed, everyone sitting behind a computer would be billionaires already! We need a new plan of action, not new information.

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6
Q

The Ripple Effect Occurs when _______________

A

you develop one small habit that ripples into other factors of your life.

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7
Q

The Ripple Effect can effect you

A

Negatively or Positively. Do you want it to work for you or against you?

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8
Q

Knowledge is Not Power, Knowledge is __________________. It’s like ___________________.

A

Knowledge is not power. knowledge is potential power. It’s like a lightbulb. It doesn’t have power until you turn the light switch on. It takes an action!

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9
Q

We don’t intentionally make bad choices, our problem is _________________

A

we sleepwalk into bad choices. We don’t conscientiously make our decisions and therefore it impacts or deter our compound effect

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10
Q

Nobody intends to be overweight, nobody intends to get fired from their job, nobody intends to do a lot of things. But more often than that we find ourselves in the face of

A

Nobody intends to be overweight, nobody intends to get fired from their job, nobody intends to do a lot of things. But more often than that we find ourselves in the face of

our bad choices when it’s too late.
The compound effect always work, right? It definitely always works. The question is do you want it to work for you or against you?

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11
Q

From this Point on, you must take 100% accountability and responsibility for everything. Whenever you look at a relationship, it’s not 50/50. For the relationship to work you need to give _____________________________

A

give 100% and expect 0% in return in order to see good results. The same thing applies in life you have to take ownership of anything and everything. I’m late not because of the traffic I’m late, because I made the wrong choice. I’m upset not because she did something to me. I’m upset because my actions may have led her to do that.
You are responsible for what you do, don’t do, and how you do, or do not respond to things that occur in life

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12
Q

Think about one thing in your life that you want to change or you want to be successful at right now. Look at where you you’re at now, and look at where you want to be. The first step into making change

A

The first step into making change is identifying and observing where you are, and accepting that.

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13
Q

All winners are trackers. You cannot manage or improve something unless you

A

All winners are trackers. You cannot manage or improve something unless you measure it. The author talked about his hundred thousand dollar tax crisis. He came to the realization that he had to do better with spending and not overspend his money. So what he did is created a tracking log notepad. Every time he made a purchase, He had to write it in that log. This tracking system allowed him to identify where his weaknesses were. It allowed him to better track his performance with spending

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14
Q

Most people say where there’s a will there’s a way, but sometimes your willpower isn’t enough. What’s going to keep you from taking another bite of that cheeseburger when you can’t see the result?

A

your why power! Willpower has failed you numerous amounts of times. So what’s going to be different this time? Stop the INSANITY.

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15
Q

Your Why Power is Driven By________________

A

Your why Power is driven by your core values and your core values are willing what you’re willing to stand for and die for and all cost.

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16
Q

When you identify your goals, you give your brain something new and important to focus on. The law of attraction isn’t some magical phenomenon, It’s actually quite logical. When you tell your brain to focus on something ___________________________

A

you begin to notice it and recall it more often than you would, if you didn’t set the goal. For example, if you set a goal or if you go shopping for a new car and you find a car, do you like then you purchased that car. Eventually you’ll begin to see that car everywhere because you’re mind has been focused on that vehicle lately.

17
Q

If you want more, you have to _____________________

Success is not something that you chase. It’s something that you ___________________

We first identify what our goals are then identify what needs to happen to achieve those goals. However, the book suggest that you ask yourself ___________________________

A

be more.

Attract

who do you need to be become to reach those goals before asking What do I need to do.

18
Q

Darren began to list down all the qualities and attributes of his dream woman. Then he asked himself. What kind of man would this woman be attracted to. He knew it would be a good idea to try to find a woman because if he tried to find her, she probably wouldn’t be attracted to him so instead, he asked,

A

what kind of man do I need to become to attract this type of woman and eventually got her.

19
Q

As you go on your journey, find a success, buddy that you can count on and hold each other accountable towards whatever it is that you want to do. Things to Discuss?

A

Things to Discuss
- exchange wins and losses for the week!
- Exchange books
- Over food, runs, etc.
-Put time with them on the schedule

20
Q

What is PDA?

A

Public Display of Accountability!