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Ok, ok, I know it’s January 12th, but I was busy cooking dinner for my Mom and friend last night and I wasn’t able to finish my article. My new desire to learn how to cook has been an adventure to say the least!

I wonder how many of you reading this have already broken, or steered away from your New Year’s resolution. To me, we place so much emphasis into our “resolution” that we hinge on this one act as if it is going to completely alter the complex of our coming year. Unfortunately, soon after the moment of its inception, our resolution is often lost and thus is our motivating factor for the coming year.

I have always leaned more on the idea of setting and creating goals for the coming year rather than resolutions. When we go against a resolution, i.e. have a coke, eat a sweet, or have more drinks than we said we would, at that exact moment the resolution is broken, we often throw it by the waste side. Personally, I would rather set a goal and place a 12-month, year-long, time frame in which I can work towards achieving said goal. Here, we understand that there are moments where we may steer away from the goal, but it is not that exact moment in time that consumes us, it is the bigger picture, the underlying goal that is our driving force. The goal is not lost because we missed a day at the gym like we said we weren’t going to do, or because during the National Championship game we had too many finger foods. We may, at times, set a tougher path for ourselves in order to achieve our desired goal, but the focus is not lost.

A great study was conducted at Harvard in 1979 (http://www.lifemastering.com/en/harvard_school.html). The graduating Harvard MBA class of 1979 was surveyed 10 years after graduation and they were asked two simple questions: 1) Did/do they have goals, and 2) Did/do they write their goals down. The results were astounding.

  • 13% of the graduates said they had goals, but did not write them down
  • 3% of the graduates had written goals / plans
  • 84% of the graduates said they had no goals at all


The results:

  • The 13% of the class who said they had goals were earning, on average, twice as much as the 84% who had no goals at all. 
  • The 3% who had clear written goals / plans were earning, on average, ten times as much as the other 97%... combined.

My point is not that the key to high earnings and ultimate monetary riches is simply writing down your goals, but rather, without a plan and goals we set to achieve, we lead ourselves down an often misdirected path.

What are your goals for 2011, and more importantly, how do you plan on achieving your goals?


 


Comments

Tony Pierce
01/13/2011 10:24am

My personal goals are always short term goals for the time being. My most current goals are:

Get through I-CORE with straight A's. To do this will require extensive amounts of studying and work.

Get my "summer" body back. This just requires me to be more careful about what I'm eating and portions as well as 6 days in the gym; 3 days of weights and 3 days of abs/cardio.

Let the games begin

Reply
01/14/2011 10:58am

Tony, that's great man! Two things that will be with you forever, your knowledge and your body, and respecting both of them is a phenomenal way to start a fresh year. Let me know how things progress and keep taking good care of your girl!

I'm working towards also acing my classes this term as well as keeping my body in optimal shape. Last term I was fortunate enough to attend a luncheon where the CEO/Chairmen of the board of P&G spoke, and he said something very interesting. He said keeping your mind continuously working is key, and one of the best ways to do this is to become an expert in something, i.e., learn a language or become a connoisseur. With that, I'm working very hard on my Spanish language... and becoming a wine connoisseur.

Reply
02/09/2011 10:57am

Bravo Carl,

I have taken the time to read your entire blog and have thought about for a while myself.

I think you are on the right track. This world is such a time of transition right now so its critical to stay focused. There will be a new paradigm and I believe you are on the right track to understand and gain from this shift.

Remember, question everything and work in total integrity and you will be great.

Of course the challenge will be to find a partner that can understand and share your lifestyle. When she shows up though you will know it. In the meantime don't compromise. There is plenty of example around you to see when communication breaks down and partners don't stand side by side to face the world together, things go south. Be careful.

I love you more than sunshine!

Reply
Nicholas Eppolito
02/14/2011 4:59pm

Carl,
Im proud of all your accomplishments.You seem to be living the dream.You coin the phrase "life is what you make it"I plan to be up there with you academically very soon !

Nunzeo Eppolito

Reply
02/16/2011 5:32pm

Nick, I hope to see you at the top. There is only ONE secret to success and that is HARD work. Work harder than everyone else and you will be ahead of everyone else. They say Michael Jordan was the greatest ever... they also say no one had a better work ethic, no one worked harder.

Reply



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    Carl Eppolito

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    who?


    Villanova University Graduate School of Business MBA '13

    University of Tennessee '07
    BSBA: Finance

    I'm a businessman who desires to escape the most fundamental of American questions, "What do you do?" My goal is to create a lifestyle where job descriptions are not self-descriptions. A lifestyle is a terrible thing to waste...



    ...This is my journey...


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