Let me illustrate to you a very well known example of the power of goals. In 1952, there was a research study done on the impact of goal setting on the graduating batch of students at Yale University. When asked how many of them had clearly specified and written down goals, only three percent responded.
The remaining ninety-seven percent, despite being highly intelligent and hardworking, had no road map where they would be five to ten years after graduation. Twenty years later in 1972, a follow up study was done on the class of 1952.
What they discovered was shocking; the combined income of the three percent who had clear goals was greater than the entire income of the ninety-seven percent combined! Was it just a coincidence or does having clear goals really have an impact on a person’s personal and financial success?