Saturday, 28 April 2012

The Compound Effect

If you are only ever going to read one book then 'The Compound Effect' by Darren Hardy should be near the top of your list.

Darren was the guest speaker at a function I was scheduled to attend in March.  Unfortunately, last minute family emergency meant I was unable to go. But, earlier this month I got the opportunity to watch a video of the event.  Darren's speech was funny, entertaining and motivational.  So much so, I searched online for his book 'The Compound Effect'. I enjoyed it so much it has become my book of the month.

The Compound Effect discusses how little actions or choices made today can have a large impact on your future.  You may not notice immediately but in 1 year, 5 years or even 10 years down the track you can see the results of the choices made today.  As someone who uses compounding interest principal in my day to day investments I particularly liked the analogy between having a magic penny that doubles in value every day or being given £3million in cash.  Very much like the story I tell of the Fairy Godmother and the magic train.

Paul J Meyer, has had a big influence in Darren Hardy's life which is noticeable throughout the book.  I also use the teachings of Mr Meyer and particularly like his Effective Personal Productivity programme.  However, reading The Compound Effect, I realised how much I have procrastinated in some areas of my life.  A look at the waist line in the mirror confirming as much as did the dust burning on the treadmill motor as I used it for the first time in several months.

The Compound Effect has provided a much needed wake-up call.  While, I have been successful with investing and creating an envious lifestyle I have let procrastination settle in forsaking the skills and disciplines that have provided my successes to date.  The past week has been spent reviewing my goals, aspirations and a new energy or 'Big Mo' as Darren calls it has been reawakened.

I now eagerly await a copy of Darren Hardy's other book 'Design Your Best Year Ever'.  I'm sure it will be as inspirational as The Compound Effect.