"The Compound Effect"

Just finished my first book of 2023 - The Compound Effect, by Darren Hardy (I know, my peers have been hounding me because I haven’t read this, Think and Grow Rich, or Rich Dad Poor Dad).

Below are some of my major takeaways:

- Wealth tends to skip generations. A wealthy family gets complacent, and the next generation doesn’t build the character and work ethic that got the family there to begin with.

- Life is an accumulation of choices. You make your choices and the choices turn around and make you. For better or for worse

- Preparation + Attitude + Opportunity + Action = Luck

- The race horse wins by a nose, but wins 10 times the prize. The horse isn’t 10 times as fast. It’s only slightly better than the competition and still achieves far greater reward

- One extra rep (exercise, cold calling etc) compounded over an extended number of years will have an exponential effect

- Life will organize around the standards you set for yourself

- Your dream is likely bigger than the environment you are currently in

Let me know about any other commercial real estate/business books I should read for the rest of 2023.

Chase Melton, CEO

chase@westcarproperties.com