Study on Goal Setting Activity

by ryan on January 14, 2018




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Study on Goal Setting Activity

 

Many motivational and self-help speakers, ranging from Zig Ziglar, Tony Robbins, Brian Tracy, etc., have quoted the Yale University study. Tony Robbins even mentions it in his book, “Unlimited Power”. In addition, there are countless websites on goal setting activity quoting the Yale study on goal setting activity.

It’s a great, convincing story and says everything there is to say about the power of goal setting activities! In short, it’s a fantastic example of how goal setting activities can really improve the quality of your life except for one thing.

It never happened.

The Yale study on goal setting activity is a typical example of an urban legend. I have to admit I was taken in too, at first. It wasn’t until a friend of mine pointed it out that I realized that the Yale goal setting study never really occurred.

After I found out that the goal setting activity study was an urban legend, I did some additional research to find out the facts and what really happened.

The guys from the Consultant Debunking Unit (CDU) at Fast Company magazine were the first ones who uncovered that the study never actually took place.

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First, they checked out Jay Rifenbary’s 1995 book, “No Excuse!”, where he first mentioned the Yale University study. At first, Rifenbary couldn’t place where he first came across the story. However, his researchers confirmed that they’ve heard it numerous times in self-help and motivational talks and seminars.

Then they went to see Tony Robbins, as he quoted the Yale study in his best-seller, “Unlimited Power” (see page 200). When the CDU contacted the Robbins Research International (RRI), they too couldn’t find any documentation for the same study either.

The RRI suggested that the CDU contact personal effectiveness coach, Brian Tracy, who then referred the CDU to Zig Ziglar, the motivational guru. When contacted, Zig Ziglar couldn’t find any reference for the Yale goal setting activity study and suggested that the CDU contact Tony Robbins instead!

After all that, the CDU searched for surviving members of the 1953 graduating class of Yale (remember, it was over 50 years ago!). None of them could remember any such study at all. Beverly Waters, Research Associate from Yale University undertook an exhaustive search of Yale alumni archives and found no trace of such a study. Waters says, “We are quite confident that the study did not take place. We suspect it is a myth.”

Don’t Believe Everything You Read or Hear!

So there you have it.

An example of an Urban Legend on goal setting activity that never occurred at all. Other later versions of this same story say it happened at Harvard University instead.

So, the moral of the story?

Not that goal setting doesn’t work. It does. There are lots of other studies proving that goal setting does work.

Just remember that you shouldn’t believe everything you hear or read!

Sample Self Help Sheets:




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Templates for a Home Mortgage Loan Calculator

by ryan on January 14, 2018




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Reduce Your Debt – Use A Home Mortgage Loan Calculator

The day you mortgage your property, you become indebted for 10/15/20 years, depending on your term, and the money you have drawn as loan. Since you will be paying interest on the money borrowed, reducing your debt will mean reducing the pressure on your pocket. A home mortgage loan calculator can help you here – let us see exactly how.

Ideally, we would have loved to live life debt free. But can we really do this? The answer is “no”. None of us have the money we need to meet our needs, and thus we must borrow. But honestly, there’s no problem in borrowing, as long as you can pay back. So the most important part of a loan, any loan, is your ability to pay it back.

When you want to buy a property, you ask for a loan. It is offered to you at an interest rate. Let us also assume that you purchased the property with a loan 2 years back. Did you know that this interest rate keeps changing based on the market conditions? In other words, the interest rate at this time might be actually less than what it was 2 years back, at the time you took it.

So theoretically, if you can change to a new plan, you can save money on your monthly payments.

Various Ways in Which the Mortgage Loan Calculator Can Help You

A home mortgage loan calculator can help you here. Using the home mortgage loan calculator, you can find out whether there is a better deal than the one you have at this time.

Mortgage interest may be paid in several ways, and one of them is the Interest Only mortgage. In the US however, most home mortgage loans are ‘Amortized’ in which, the monthly payment includes both the principal and interest. In this, the principle gets reduced every month, and the interest is thus reduced too. In another system, you have to repay the interest only for the first few years. Repayment towards the principal part of the loan will begin only after a few years.

So learning about where you stand on the loan exactly, and finding out the best time to repay a larger portion of it, or even seek a new deal is not very simple. In fact, it could be quite complicated if you are trying to do all the calculations manually.

A home mortgage loan calculator can on the other hand do everything for you very easily. You must just enter the data in the home mortgage loan calculator, and it will give you everything in just seconds. It is really convenient.

Sample Calculators in Excel

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