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Applying the compound effect

When someone asks me about my coaching style I ask them if they have read The Compound Effect by Darren Hardy. The principles in this book are the core of my coaching method and style. Before we can apply the principles of the compound effect we must first define it: "The compound effect is the principle of reaping huge rewards from a series of small, smart choices (Hardy)."

The compound effect is the same principle found in compound interest. When interest gets added to the principle amount invested, you have a new total amount from which to draw more interest.

By the way, there can also be a negative affect to the compound effect picture. Let's say I eat a chocolate donut every morning for breakfast and you have a bowl of oatmeal. That difference of 100 calories will not seem significant at the time but over the course of 30 days my waistline would grow and yours would remain the same.

In real estate the negative affect of the compound effect is when we fail to send the newsletter or market report. Over time will result in fewer people in our pipeline.

So my question is, how is the Compound Effect working for you?


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