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The Compounding Effect of Choices
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| Guest post by: Mary Allen |
Article Overview: Most people are familiar with the compounding effect of money, as its key to the long-term accumulation of wealth. Saving a few hundred dollars each month grows into tens of thousands over time. The principles of compounding also apply in every area of our lives, whether we like it or not. Internalize the simple principles in this article and adopt them for a lifetime. Doing so will allow you to more easily stay focused on what is most important to you and take the necessary action steps to realize your desires. Willingness is the key
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Free Download - The Compounding Effect of Choices By Mary Allen |
The Compounding Effect of Choices
The Compounding
Effect of Choice
Most people are familiar with the compounding
effect of money, as its key to the long-term accumulation of wealth.
Saving a few hundred dollars each month grows into tens of thousands over
time. The principles of compounding also apply in every area of our
lives, whether we like it or not.Internalize the simple
principles in this article and adopt them for a lifetime. Doing so
will allow you to more easily stay focused on what is most important to you and
take the necessary action steps to realize your desires.Willingness
is the key.
The
compounding effect of choice is made up of two simple principles.
Principle #1
"It is the simple disciplines (choices),
that don't seem to make any difference at all in the moment; HOWEVER repeated
over time, the compounded affect makes all the difference in the world."
Principle #2
"It is the simple errors in judgment, that don't seem to
make any difference at all in the moment; HOWEVER repeated over time, the
compounded affect makes all the difference in the world."
Principle #1 in Action – "Simple
Disciplines"
There
are three important elements in the compounding effect of choice.
1. Compounding Effect – Your actions will ADD upon the
others.
2. Choice – ACTING or NOT ACTING is always a choice.
Choose consciously. Frequency and effort make a difference.
3. Time – Actions taken over time GROW.
This visual representation has proven useful to me
throughout the last decade and continues to keep me on track with important
objectives. Here's one of the ways I used this principle to support my
goal of fitness.
Personal
Story – When I lived in Dallas, I frequented the gym. There were many
days that I did NOT feel like going. Once there, often times I didn't
feel like being there. Can you relate? However, I simply repeated the
following words in my head, over and over again. "It's the simple disciplines, that don't seem to make any
difference at all, in the moment, but the compounded effect makes all the
difference in the world." Clearly, my one little workout
wasn't transforming my body into a Cindy Crawford. I could see that each time I looked in the
mirror. It WAS discouraging in the moment. However, I had faith
in the process, and these simple words of wisdom. I trusted the
compounded effect of many
workouts over time, combined
with a matching nutrition regime, WOULD give me results.My current level
of fitness is a clear reflection that the compounding effect of choice works!
Ultimately, the habit of working out became second
nature, and I rarely need to repeat, "It's the simple disciplines,
that don't seem to make any difference at all, in the moment, but the
compounded effect makes all the difference in the world."
However, in the early days, I used it almost every day!
Brand this principle into your being, and use it
anytime you feel discouraged or uninspired to act (I do!). It's a great
reminder of the bigger picture.
Simple Disciplines – Simple Choices - Reflect
upon the compounding effect for each of the simple choices below. The
principle applies well in health, relationships, business success, money,
self-care, self-esteem and in evolving one's Consciousness. The principle
also applies well in cultivating internal emotions and states of being, such as
love, joy and inner peace. Anything repeated over time ultimately
creates a compounded result. What results in your life would you
like to compound?
· Reading 10
pages of a good book
· Eating
healthfully
· Spending
quality time with your children
· Working
out
· A simple
act of kindness
· Saying,
"I love you" to a loved one
· Yoga or
stretching
· Meditating
· Focusing
on what you appreciate
· Avoiding
sugar or caffeine
· Drinking a
gallon of water per day
· Saving
money
· Attending
seminars
· Listening
to educational CD's
· Getting up
early
· Cleaning
off your desk each day
· Volunteering
· Listening
closely to others
· One extra
hour of work
· Being
honest
· Being on
time
· Pursuing a
dream
"It is the simple disciplines (choices),
that don't seem to make any difference at all in the moment; HOWEVER repeated
over time, the compounded affect makes all the difference in the
world."
Principle
#2 in Action – "simple errors in judgment":
If you want to successfully boil a frog, it's best
to turn the heat up over time or the frog will jump out and escape. I
wish no ill will to frogs, however it makes the point about "simple
errors in judgment." These little actions or non-actions seem
relatively harmless initially and for a period of time. However, the
compounding effect leads us to less pleasant results in our lives. This
is the model of mediocrity.
"It
is the SIMPLE ERRORS in judgment, that don't seem to make any difference
at all in the moment, HOWEVER repeated over time, the compounded effect makes
all the difference in the world."
This principle is clearly illustrated in the lower
portion of the diagram above. Again the x-axis depicts the role of time,
while the y-axis represents the accumulated negative impact or atrophy
resulting from specific habits. The results range from mediocrity to
disaster. This graph may depict the negative compounding effect of
actions or non-action in any of the categories named above. I find it
most useful to apply this principle to the habits I would like to change.
Each tick mark in the diagram represents one "simple
error in judgment." As is the case in accumulating credit
card debt, a little each month doesn't seem like a big deal. The negative
consequences don't reflect much impact for quite awhile.Without
referencing this graph, it may seem that watching two hours of mindless
television each night isn't hurting you in any way. You may simply
continue watching every day, while complaining about needing more time to
pursue an important dream. Two hours of television is relatively
harmless. However, the compounding effect of this "simple error
in judgment" translates to 728 hours of television per year!
That is over 30 full 24-hour days in a year!
Remember these elements in the negative compounding
effect of choice.
1. Compounding Effect – Negative actions and
non-actions ADD upon the others and create a cumulative effect.
2. Choice – ACTING or NOT ACTING is always a choice.
Choose consciously. Frequency and lack of effort make a different.
3. Time – "Simple errors in judgment" create
ATROPHY over time.
Examples of "Simple Errors in
Judgment." - Reflect upon the impact of the items I've included
on the list below. Some of these may initially appear
harmless. What consequences could result over time in
compounding these "simple errors in judgment"? What
other "simple errors of judgment" would you add to this list?
This list is not intended to elicit feelings of guilt or remorse. We have
all exercised "simple errors in judgment." Use this list to
stimulate awareness. In later chapters, you may or may not
consciously decide to address something from this list.
· Watching
mindless television
· Not saving
money
· Spending
more than you earn
· Being late
· Complaining
· Gossiping
· Eating a
cheeseburger or fries
· Overeating
· Spending
time with negative people
· Dwelling
on negative thoughts
· Interrupting
people
· Not being
fully present when listening
· Speeding
· Smoking or
using drugs
· Disorganization
· Listening
to loud, abrasive music
· Staying up
late or sleeping in
· Excessive
time on the internet
· Not
working out
· Not being
friendly with others
· Criticizing
yourself or others
· Procrastination
· Maintaining
a stressful lifestyle
· Not taking
personal time for yourself
· Laziness -
performing below your capacity
· Not
expressing appreciation to your partner
· Time in a
dead-end job
· Too many
desserts or candy
· Arguing
Contrast and Compare- Another way to use this model is to
compare a "simple discipline" or "simple error in judgment"
with another.
· If you
read 10 pages of a good book today, and I don't, the difference between you and
I on that day is pretty negligible. In fact, after a month, the difference
is still not that great. However,
if you continue to read 10 pages of a good book each day for the next ten
years, the difference between you and I will be CONSIDERABLE. If you
focused your attention in a specific area of focus over that ten-year period,
it's likely that you would be an expert in your field.
· If I eat
one ice cream bar today, and you don't, the difference in our level of health
is not very significant. However, if I eat an ice cream bar every day for
a whole year, and you don't – all things being equal– there will
likely be a CONSIDERABLE difference in our health.
Cumulative Discipline - Generally,
it's not just about the ONE single discipline, or one simple error of
judgment. Some of our choices support our growth, and some don't.
Becoming aware of these choices is the first step. Seeing a visual
representation of their respective impact is also useful in fine-tuning our
choice points. There will be numerous simple disciplines you'll apply
over and over again on your path of growth. Enjoy the journey.
Portions taken from Chapter 3- The
Power of Inner Choiceby Mary Allen.Explore 12 Fundamental
Choices that will forever change the way you make choices and experience life.
Article Tags: accumulation, action steps, awareness, being present, choices, desires, lifetime, money, self help, tens of thousands, willingness
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About the Author: Mary Allen RSS for Mary's articles - Visit Mary's website Mary Allen, CPCC, MCC is America�s Inner Peace Coach, author of The Power of Inner Choice and host of Conversations with the Masters interviewing best-selling authors, speakers and coaches including Dr. Wayne Dyer, Caroline Myss, Debbie Ford, Byron Katie and others. Her clients include entrepreneurs, CEO�s, business owners and even a couple billionaires. Her passion is helping �conscious achievers� enjoy greater everyday inner peace, as they realize their inspired goals. Mary leads the annual weeklong Inner Peace Immersion Retreat where she challenges audiences to master quickly returning to inner peace from any emotional state. After years of successfully leading the year-long group coaching program, The Success and Inner Peace Boot Camp, Mary also now trains coaches to launch their own group coaching programs through the Beyond Six Figures for Coaches certification program. Mary is a graduate of University of Wisconsin (Madison), and both CTI and Coach U. Prior to coaching, Mary did executive search for large companies including Price Waterhouse, American Express and IBM. She enjoys veggie smoothies, yoga, meditation and walks at the beach with her husband John. Click here to visit Mary's website The Power of NOW during Chaos and Transformation A Personal Story of Peace under Fire Being Connected or Disconnected Coming from LOVE or Making Stuff Up HAI Principles Selfless Contribution |
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