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A degree $k$ map $S^n\to S^n$ induces multiplication by $k$ on all the homotopy groups $\pi_m(S^n)$.
(Not sure if this is a common error, but I believed it implicitly for a while and it confused me about some things. If you unravel what degree $k$ means and what multiplication by $k$ in $\pi_m$ means, there's no reason at all to expect this to be true, and indeed it is false in general. It is true in the stable range, since $S^n$ looks like $\Omega S^{n+1}$ in the stable range, "degree k" can be defined in terms of the H-space structure on $\Omega S^{n+1}$, and an Eckmann-Hilton argument applies.)