The Power of Enlistment to Accomplish Financial Goals

10/29/2017 Author: Payleaf Team

If you seek a positive and impactful experience, whether at work, home, or within your community, you should consider the power of enlistment.  Enlistment is a powerful tool, especially when it comes to goal accountability and success in achievement.

There is research from the Dominican University of California that suggests the power of enlistment is critical to achieving any goal.  What do we mean by enlistment?  We mean social enlistment: writing down your goal, sharing with your friends and family, and sending your circle regular updates about your progress.  Not only do these activities make it more likely to succeed in achieving your goal, they also make it possible to accomplish significantly more.  

In this particular study, participants were drawn from a wide range of professions and backgrounds.  A total of 267 participants were recruited from businesses, organizations, and business networking groups, with ages ranging from 23 to 72.  This study covered many cultures and locations across the globe, including the United States, Belgium, England, India, Australia and Japan.  The range of professions varied, from entrepreneurs to educators, from healthcare professionals to artists, attorneys, bankers, marketers, human services providers, managers, vice presidents and directors of non-profits.  Out of the entire group, it is interesting to note that 112 were female, while only 27 were male.

The importance of writing down your goal

The group was divided into five categories.  The participants in category 1 were simply asked to think about their goals and what they wanted to accomplish over the next four weeks.  The participants in category 2 were asked to write down their goals.  The members of category 3 were asked to write down their goals and formulate action commitments.  You can probably guess the trend of the results for these groups after four weeks.  Those in category 1, who only thought about their goals, only had an average of 4 out of 10 goals accomplished.  Category 2 was slightly better, with an average rate of 6 out of 10 goals accomplished.  Category 3 was approximately the same, with only 5 out of 10 goals accomplished.

These results do not look extraordinarily amazing.  However, the results from the next two groups set a new standard.  The two remaining groups of participants were asked to perform a level of social enlistment.  Group 4 was asked to think, write, list commitments and share their goal with a friend.  It should not be surprising, then, that this group accomplished an average of 6.5 out of 10 goals within four weeks.  Even more astounding is the level of success in Group 5.  The participants in category 5 were asked to think, write, list commitments, share with a friend, and then update that friend at regular intervals.  A whopping 7.5 goals out of 10 were accomplished within four weeks by the participants in category 5.

The Power of Enlistment in Goal Achievement

The results from this study clearly show the success that can come with the power of enlistment.  Through enlistment, the participants in groups 4 and 5 were able to harness the positive effect of social accountability.  Groups 4 and 5 accomplished significantly more than those who had unwritten goals, wrote their goals and even formulated action plans and commitments.   

Enlisting the help of friends, family and your circle of connections gives you incredible power to accomplish your goals.  The role of public commitment, seen in the success of Groups 4 and 5 who shared their goals with friends, played an important role in pushing the rate of success above that of the other groups.  Those who sent their commitments to a friend accomplished significantly more than those who wrote action commitments or did not write their goals.

Sharing your commitments with your friends, your family or your co-workers can have a direct impact on the outcome of your goals.  The social connection of your shared goals not only impels you to action towards your vision of success, it also brings others along with you on your journey to accomplishment.  Often by simply sharing your goal within your circle of connections, you will find more opportunities of guidance, assistance and support than you would otherwise have found on your own.

How Enlistment Can Help You Reach Your Financial Goal

Enlistment is especially helpful in achieving financial goals.  An excellent example of an online banking tool that embraces the enlistment concept is Payleaf.  Payleaf is a convenient way to utilize all of the five levels of goal formation: from just thinking about your goal, to writing your goal down, to committing to action plans, to sharing with a friend, and finally, to regular updates that you can share with your friends.  

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How does Payleaf do this?  Payleaf is an online bank account that lets you define your own personalized savings goal.  Through Payleaf, you create your goal.  Payleaf has a series of calculators that can help you define exactly how much money you will need to have to accomplish your goal.  Then you define your action plan of how much and how often you contribute to your Payleaf account.  This takes you through the first three categories of goal-making: thinking, writing and committing to an action plan.

Take advantage of the power of enlistment and share your Payleaf goal with your family and friends, so that they know that you are working towards an accomplishment that is concrete,  tangible, and occurs at an exact time and in an exact amount.  Even more powerful is the ultimate ability to enlist your family and friends in accomplishing your goal with you.  Through Payleaf, multiple people can contribute to the same goal in your account.  Whether it is a one-time gift, or multiple deposits over time, you can increase your ability to achieve your goal and maximize the powerful impact that it will have on your life.

The power of goal sharing is incredibly positive and highly impactful.  As you consider your own goals for this week, month, year and even five and ten years, think of ways in which you can utilize the power of sharing and enlistment.  It will change your life in exponentially positive ways.

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