Writing This Down, Could Increase Your Finances 10 Fold
I have always known the importance of writing this down however when I first heard this stat I was amazed, over a period of 10 years those that had written this down had 10 times the wealth of those that hadn’t.
So what is it?
Yep, it’s that simple.
In 1979 there was a study on Harvard MBA graduates. For those that don’t know Harvard is one of Americas leading universities, in fact it is 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 were considered suitable for acceptance into the Harvard Business School.
In 1979, interviewers asked new graduates from the Harvard’s MBA Program and 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 that have been interviewed a decade previously were re interviewed.
You can guess the results:
- The 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.
Finally, I wrote this because I was discussing goals with my friend Adam who wanted to help motivate his staff, a lot of whom are money motivated however it 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.
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!
You may be thinking
“I can’t write down my goals, I have so many, and I don’t have enough time.”
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.
p.s. Have you downloaded my free ebook Staying Positive: 10 Simple Tips to Staying Positive? Click here to download it now!
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