ATTENTION: Simple tip improves success by 33% and increases earning potential 9X
Dave Kohl, Professor Emeritus at Virginia Tech, conducted a study and the findings might surprise you.
- 80% of Americans say they don't have goals - (WOW!)
- 16% do have goals but don't write them down
- Less than 4% write their goals down
- Fewer than 1% review them on an ongoing basis
- However, it’s approximated that people who regularly write down their goals earn nine times as much over their lifetimes versus people who don't.
Harvard MBAs don’t fair much better. In his book, What They Don’t Teach You in the Harvard Business School, Mark McCormack discusses why 3% of Harvard MBAs earn ten times more than the other 97%. In 1979 interviewers asked the graduates “Have you set clear written goals for you future and made plans for accomplishing them?”
- 84% had no specific goals
- 13% had goals but they weren’t written down
- 3% had clear, written goals and plans to accomplish them
The interviewers came back 10 years later to interview the same class. The results….
- The 13% of the class who had goals were on average earning double that of the 84% who had no specific goal.
- The 3% who had clear, written goals were earning an average of ten times (10X) as much as the other 97% put together.
Psychology professor Dr. Gail Matthews of Dominican University conducted research that showed empirical evidence that people who write down goals, share them with a friend, and send weekly updates to that friend were on average 33% more successful in accomplishing their stated goals than those who just “have goals”.
Moral of the story is if you want to improve your success rate by 33% and improve your earning potential by 9X then write your goals down and review them often.
Here are 4 benefits of writing your goals down and why it leads to huge results:
Focus. The best clarity always comes from getting things out of your head and onto paper. The same is true for a goal. When you write it down it is forced to be refined and clarified. Bring focus to your goal. Don’t just think it…ink it.
“Singleness of purpose is one of the chief essentials for success in life, no matter what may be one’s aim.” John D. Rockefeller
Action. Every big journey begins with a small step. Writing your goal down is often that first small step. As the goal becomes solidified on paper it inspires the next step. If you’ve had a goal for a while that haven’t been able to move on, try writing it down. This small action step may be just what you need to propel you into motion.
Accountability. In conspiracy movies you often hear the bad guys say “don’t leave a paper trail.” That’s the opposite advice for successfully accomplishing goals. Writing it down allows for you to review your goals often, share with a friend or accountability partner, or even post it to the web.
Evaluate. This is the best part. Review your written goals often to see how you are doing. Celebrate your accomplishments and make course corrections as needed.
Don’t over think this. Just get your goals on paper and refine as you go.