“Eighty percent of all Americans have no goals,” says David Kohl, professor emeritus of agricultural and applied economics at Virginia Tech. Another 16 percent have goals, but don’t write them down. Only 4 percent of all Americans actually write down their goals.

Does it pay?

The 16 percent of Americans with goals will earn three times as much in their lifetime and garner about three times as much wealth as those with no goals. However, the 4 percent who write down their goals will earn nine times as much as those without goals, Kohl says.