In today’s article, The Powerful Effect Of Compounding Has On Your Life we will discuss the impact the coined phrase the compound effect in finance can actually have a major impact on your mindset and your overall productivity too.
What Is Compounding?
You probably know the word compounding best within the financial world when it comes to investing in stocks and shares. But what if I told you, you can actually benefit from this with other parts of your life.
Once you get to grasp what compounding is, it can really open your mind to other possibilities which will discuss later.
So compounding is a process of growing where compound interest, is interest earned on money that was previously earned as interest. In what we’re discussing today it’s compound effort earned on results that were previously achieved through effort.
This cycle in finances leads to increasing interest and account balances at an increasing rate, sometimes known as exponential growth. With the same principle you can do the same with the effort you put in day by day will be built into something of substance. For example, 1 driving lesson won’t help you pass your driving test but multiple lessons will.
When You Don’t Know What To Do In Life
A great way we can utilise the compounding principle is when we don’t know what to do in life. Most of us in our teens and ’20s don’t have a clue what to do in life. This can lead to procrastination where nothing get’s achieved or progressed.
When I left school at 16 I had no idea what I wanted to do. When I left university I was still in the same predicament. I had no purpose to fulfil. But when I looked back. The action I took led me to have a degree and better understanding of coaching and psychology as well as a magnitude of other skills I learned along the way. I was really grateful without knowing how the compound principle allowed me to progress as a person to get closer to what I wanted to do.
There are many principles you might have heard of. For example placing 1 perfect brick, taking one step forward, the 1% rule and the snowball effect. When practised these are principles that can change your life if practised.
When you don’t know what to do with your life. The best thing you can do is to take action on something. You won’t get the body you desire unless to start and those with everything in life.
Too many people don’t take any steps or lay that first brick and just procrastinate. Nothing gets done. But what people do who have the life they want. They just took that initial step forward, built the first layer of their business by writing that first blog post or applying to learn a skill that leads to the job you wanted.
When we take action and take the first step we are 1 step closer to finding what we want to do in life.
How To Compound Your Life Forward
Question the consequences of your bad habits on your future
Ask yourself what you can do today that makes you 1% better than yesterday
When creating goals work backwards to find what you can today to compound your life forward
Challenge yourself to take tiny little steps one at a time
Be constant with your daily actions – reading 5 pages a day for a year is 1825 pages whereas reading inconsistently will, of course, be far less
Start early and don’t wait to start
When you don’t feel like it, do it anyway
Over To You
Today’s article, The Powerful Effect Of Compounding Has On Your Life.
It personally helped form the person I am today.
The only difference between you and someone who has what you would love to have. Is the decisions made on a daily basis.
When you procrastinate and say I will to it tomorrow.
Someone else is doing the work and putting in those daily actions to compound their life forward.
Don’t be left behind with regrets about the decisions you have made be one step ahead and take action now!
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Hi, I’m Adam
I’ve spent over 10 years coaching and mentoring people within sport and business. I have many life skills that I have developed and I want to pass these skills on so people can find their best self. I believe it all starts in the mind and I write about valuable tools and strategies to help people grow in this area.
Within today’s article, what’s imposter syndrome and 8 ways to overcome it. We will discuss everything about imposter syndrome what it is and how to overcome it within your daily life.
My own experience with imposter syndrome has held me back in certain areas of my life. I find that most people are struck by imposter syndrome and it affects us all in different ways. Remember if you’re dealing with this you are not alone and there is a way out. Let’s overcome this together.
What Is Imposter Syndrome
Imposter syndrome is a psychological condition where your mind makes you doubt your ability’s, accomplishments and overall self-worth. It’s not based on facts but a feeling we make our mind feel when we compare the lives of others around us.
This can lead to a host of mental health issues like depression, anxiety and a lack of self-worth. It mostly occurs when having a lack of confidence which opens the door to self-doubt and our own perceived incompetence or fraudulent appearance, which are all fabricated in our own mind. Whereas in reality you could be perceived as being successful and amazing and deserving at what you do.
There is a way to prevent and overcome imposter syndrome. Below is a detailed list of 8 ways to overcome imposter syndrome within your daily life. I hope it helps!
I first heard about a victory list when I read Jack Canfield book, The Success Principles. When people are suffering from imposter syndrome they forget about all their past success to only have a narrow view of focussing on their circumstances now.
What really helps to prevent and overcome imposter syndrome is creating your own victory list of all your accomplishment in your life and I mean everything you can think of.
The reason why it’s important to do this. Is because when you won a cross country event or achieved top marks in an exam you can always look back and say I did it before why can’t I do it again.
I do this by separating my accomplishments into decades and then subheadings of years. I look at it every day and when I’m feeling a lack of self-doubt, I whip out my Evernote and reassure myself I am worth it.
It creates belief in what I have to do.
2. Separate Feelings From Fact
Imposter syndrome is always from the negative way we feel. This is always subjective and can provide us with a reality that’s not true.
My own experience of seeing students who have done well in education their whole life. To then be resorted to imposter syndrome where they believe that they’re not going to pass their exams or they’re not smart enough. To then get top marks they were expected in their exams. I witnessed this at school and university and was always surprised they felt that way.
As powerful and useful feelings are. When it comes to preventing imposter syndrome it’s important to recognise the facts.
For instance, the student should look at past results, how much effort has gone into studying and what’s their expected grade. This should provide them with the confidence to know they can and will achieve their intended target. This will diminish stress and anxiety in the lead up to their results.
You can do this strategy with anything by looking for what’s real and what’s not. By looking for the facts you can help keep imposter syndrome in the dark.
3. Remember We Are All Human
Always reminding yourself that you’re human like everyone else, helps to keep you from doubting yourself of your ability and status.
By realising you have the same potential as everyone else to succeed and that everyone else around is going through the same mental challenges each day. Helps you feel you’re not alone in what whatever you’re going through.
Also listening to and reading stories of people you admire who doubt themselves will also help you to overcome imposter syndrome. Especially when it’s from people you perceive to be untouchable when it comes to imposter syndrome.
Most famously you have the best tennis player the women’s game has ever seen in Serena Williams and Arianna Huffington who created The Huffington Post which is valued at around a billion dollars.
This just goes to show that no matter how successful the outside world deems you to be. On the inside, you are just as fragile and human as the rest of us.
4. Find Ways To Be positive
By setting out your day with the intention to be positive can go along way to preventing imposter syndrome.
What imposter syndrome thrives off is the negativity of all kinds to create a negative world around you.
But with a purpose to try your best to see the good in everything without being naïve can show you that life can be a lot easier and fulfilling with a positive mindset than a negative one.
It will not come naturally, It has to be acted upon every day for the rest of your life.
When it becomes a habit it will run seamlessly throughout your life.
5. Develop A Healthy Response To Failure And Mistake Making
Understanding that failure and mistakes are a normal and good thing in life. Will go a long way to preventing imposter syndrome from taking over your life.
It’s a normal human reaction to be disappointed by failure and when we make a mistake it never feels great.
But we can change the way we think about failure and mistake-making as a good thing when it comes to progressing.
When you look back at childhood, what we learn from learning to walk, ride a bike and swimming. We learned this through failure and mistakes. They are part of the process for developing skills we take the granted every day.
If we have that same mentality as a child to adulthood nothing will ever stop us from trying and pursuing new skills to learn.
6. When Comparing Understand Their Journey
What creates imposter syndrome is when we compare ourselves to others to where they are now.
How many time do we look at sports stars, actor and actresses and only see their life now when they’re successful. They have the income we want, the house we want, the car we want. When we compare ourselves to this, it only brings misery.
Any kind of comparison where someone is living the life we wished for will always make us feel bad.
Instead, we should not compare our own life to there’s but we should look at their journey of how they got there.
Here you will see the hard work, the setbacks and the mindset they had to get there. This is where you can learn and relate to and feel good knowing we are the same but you just took action or dealt with setbacks better.
Understanding this can help prevent you from feeling imposter syndrome making you feel worthless.
7. Develop A New Script
What contributes to imposter syndrome is a negative and mostly false narrative we tell ourselves. The best remedy to this is when you notice any self-doubt forming create a new script to how you want it to work out.
For example, when you say you’re not good enough to succeed in life, change it to I am going to succeed in life.
Another example is if you say I’m not a good enough writer to be a journalist, blogger or to write a book, Instead say I’m going to learn to be the best writer I can be to become a journalist or author.
This change in narrative is vital for stopping imposter syndrome from taking form and it also creates the pathway to success and you will be happier for it.
8. Visualize Success
Visualising your future self is a great way to prevent imposter syndrome from forming. By picturing yourself in a positive light you can show your mind and yourself that you are worth everything you want to do and be.
Similar to creating a new narrative from your speech. Visualising is a pre-emptive measure that constructs a reality that benefits you. Rather than you unknowingly constructing negative outcomes for yourself.
Once you control what you want your life to be, only then can go into any situation knowing you are meant to do anything you desire and be the person you want to be.
Over To You
I hope you gained great insight in today’s article what’s imposter syndrome and 8 ways to overcome it.
By strengthening and taking control of your mind. It will allow you to prevent and overcome imposter syndrome.
If you have any other strategies please share in the comments below!
IF YOU LOVED THE ARTICLE PLEASE SHARE BELOW!
Hi, I’m Adam
I’ve spent over 10 years coaching and mentoring people within sport and business. I have many life skills that I have developed and I want to pass these skills on so people can find their best self. I believe it all starts in the mind and I write about valuable tools and strategies to help people grow in this area.
