While I've talked about the compound effect on a few other podcast episodes, I wanted to give it a solo episode because of the power it has. You've probably heard the "would you take 3 million dollars or a penny doubled every day for 31 days" choice and it's a great example of how the compound effect works given enough time and consistency. I'll share with you some key points to the compound effect and will do a part 2 because I didn't get to cover everything I wanted in today's show so look out for that soon!
Time Stamps:
(0:15) Highlighting the Compound Effect
(1:15) Summing Up the Book Quickly
(3:00) 3 Million vs 1 Penny Compounded
(9:10) The Victim Mindset
(11:40) Action Steps
(14:25) Choices
(16:55) Gratitude
(26:06) Habits
(32:55) Summarizing
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