The evidence
A good plan gets you started. The right people help you keep going.
Progress monitoring and goal attainment
Harkin et al., 2016 · Psychological Bulletin
A meta-analysis of 138 randomised studies, 19,951 people in total. Prompting somebody to track their progress improved the odds of them reaching the goal. The effect got stronger when progress was reported in public, and stronger again when it was written down somewhere physical.
Read the sourceGoal setting, accountability and written commitment
Dr. Gail Matthews, Dominican University of California · Conference presentation
Some wrote their goals down, committed to actions, and sent a friend a weekly progress note. They got there, or at least halfway, 76% of the time. The ones who only thought about their goals: 43%.
Read the sourceWhat this does not show
These are findings about goal setting in general, from studies with nothing to do with this community. They’re why the room is built the way it is. They aren’t a prediction of what happens to your money, and those percentages aren’t the results of 9-5 Fastlane members.
The 43% and 76% figures describe participants in one study who accomplished their goals or got at least halfway toward them. They are commonly quoted as a success rate. They are not one, and they say nothing about income, investing or this community.
How the room is built around it
- 01Set a goal
- 02Make a plan
- 03Complete missions
- 04Share progress
- 05Get feedback
- 06Adjust
- 07Celebrate progress
Everything here is education, not personalised financial advice. I am not a licensed financial adviser and nothing on this site is a recommendation to buy or sell anything. Investment returns are uncertain and you can lose money. What happened to me is not what will happen to you.
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