Even though goal pursuit is often conceptualized as a linear phenomenon, it consists of feedback loops and reciprocal relationships between its crucial components. To investigate this aspect, we tested relationships between goal properties (goal importance and expectancy of success) as well as goal-related emotions and goal progress over time. Across three waves, 389 participants, and 3,150 unique goals, we found that goal progress was positively predicted by goal expectancy and, less consistently, by the importance attached to the goal. Furthermore, it was also positively predicted by goal-related satisfaction and, to a lesser extent, stress. Moreover, goal progress positively predicted future progress on the same goal via increased importance, increased expectancy, and increased satisfaction and negatively via decreased stress. These results provide insight into the mechanisms of goal-pursuit viewed as a cyclic process. Moreover, given that we have found much greater variability at the goal (compared to the person) level of analysis, the results suggest a goal- rather than person-centered approach to studying self-regulation.