Edit: I gave up on financial goals in late 2011 after some huge financial and artistic wins... money shouldn't be taken too seriously. For the record, they were all basically on track, some were being massively exceeded, others were a bit behind schedule, but were all happening.
I set my next 10 years of financial goals on June 28th. That was exactly a month ago.
1 year - Critical Thinking [my first book] out. Blog income trickling. Some info products. Some freelancing. Something else, some X-Factor thing bringing in cash. Net monthly income positive. Health insurance. $50,000 in the bank. Expenses = income per month minimum.
3 years - 3 to 5 books out, many products out, blog income robust, some working on big exciting deals. $10,000 per month total, $5000 passive at least. First property owned. $300,000 in the bank.
5 years - 7-10 books out, many many products out, many passive income internet properties, working on big exciting things, $50,000 per month total, $40,000 passive at least. $1,000,000 in the bank.
When ever you start measuring something, you need to weigh the cost of measurement against the gains gotten from it.
Thus, it doesn't always make sense to track a metric. It can make a lot of sense to do it for a short time, understand how you're operating, make improvements, and then drop the tracking.
That's how it goes for me with filling out a time tracking sheet. I'll do it for a while to establish routines and make improvements, and then go off the process at other times during busy periods, or if I'm not getting much gain from it.
Here's my newest time tracking sheet. I fill this out daily, starting from the morning, and ending when I mark down the last notes at night. Explanation follows below --