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Writing This Down Could Increase Your Finances 10 Fold

Photo by Cathryn Lavery on Unsplash
I have always known the importance of writing a particular word down,

yet if only I had done so when I first heard about it over ten years ago,

I would have achieved ten times the wealth of those who had not.

So what is this word?

Goals. Yes, it is that simple.

In 1979 there was a study on MBA graduates from Harvard

(regarded as one of the world’s most prestigious universities).

Their MBA program is incredibly competitive

and currently only accepts about 15% of applicants.

Students who make it past the application process are typically standouts, and

already fairly successful by most traditional definitions.

They have an undergraduate degree,

typically three to five years of work experience and

will have been considered suitable for acceptance into the Harvard Business School.

In 1979, interviewers created a baseline analysis by looking at the goal setting actions of new graduates of the Program.

They found that:
84% had no specific goals at all
13% had goals but they were not committed to paper
3% had clear, written goals and plans to accomplish them

Ten years later in 1989, the Harvard graduates were interviewed again.

The data revealed that 13% of the class who had goals were earning, on average,

twice as much as the 84 percent who had no goals at all.

Now this is impressive – the three percent who had clear, written goals were earning,

on average, ten times as much as the other 97 percent put together.

Writing down goals is time consuming.

Personally I have 10 year, 5 year, 3 year, 1 year, 6 month, 3 month, 1 month

weekly and daily goals written down, and it takes me a long time!

I was discussing goals with my friend Adam who wanted to help motivate his staff, a lot of whom are motivated by money.

However goal setting doesn’t just apply to financial goals.

You can use this for any goals you wish to achieve; financial, fitness, relationships, career the list goes on.

You may be thinking - “I can’t write down my goals, I have so many, and I don’t have enough time.”

My response?

If you don’t have time to write down your goals, where are you going to find the time to accomplish them?

Until next time…make it happen.

Will Polston

Will Polston

Peak Performance Expert, Founder, Director

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