Taking effective notes, managing study time and environment, and using study methods like acronyms, flashcards, and study groups are key to studying more effectively. The document provides guidance on the three stages of note taking, establishing a dedicated study place, and specific study techniques including using acronymic sentences, pegwords, loci mapping, and the ASPIRE system to optimize learning. Forming an effective study group requires selecting motivated classmates, setting goals and agendas, and ensuring all members contribute while maintaining a positive environment.