Since I read so many blogs, articles and books I thought I would share more of the wisdom of others. This comes from a blog I have followed for years, from a woman I have followed on Twitter since it’s inception I think! Penelope Trunk carved a niche that has helped countless people around the globe. I am one. The rest of this blog comes from her writing. You can read the entire article here.
The compounding effect. The guy who publishes Success magazine, Darren Hardy, wrote a book called The Compound Effect. I liked the book as soon as I heard the title. I thought to myself, “Of course! Making good career decisions every month is like putting money in a 401K every month!” The thing is that most of us are not putting money in a 401K every month. (And it probably doesn’t matter, because saving for retirement is an antiquated approach to life.) But most of us can get the compound effect by making solid decisions each month, again and again and again.
The opening of Hardy’s book is: “Ever heard the story of the tortoise and the hare? Ladies and gentlemen, I’m the tortoise. Give me enough time, and I will beat virtually anybody, anytime, in any competition? Why? Not because I’m the best or the smartest or the fastest. I’ll win because of the positive habits I’ve developed, and because of the consistency I use in applying those habits.”
I like that. I like the idea of making lots of good small decisions about my career knowing that the compound effect will create big rewards over time. Which reminds me of the idea that captured my attention in 2008: having a strong career is so much more rewarding than having a 401K.