I really don't feel this is the best way to learn chords. It's a good way to learn how to move your hand from one tense shape to another, but that's about it.
Beginners should ideally get to work on finger independence straight away. Learn to have control of each finger while keeping all the others relaxed. Of course, learn some chords and have some fun, but I really wouldn't bother with reaching a speed goal. Speed comes automatically when your technique is good.
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