I Bet You $100

What if I said, “I bet you $100 you can’t lose 10 pounds by next month.” Do you think you could do it? Would you take the bet?
 
What if I dared you to make that bet with yourself?

Huh?

How is that even possible?

Try Betting On Yourself

StickK.com is a fantastic website that helps you keep your commitments and get motivated by betting on yourself.

If you win your bet or accomplish your goal then you get to keep your money. Otherwise your money gets donated to a charity.

How Does StickK Work?

Stickk holds you accountable with email reminders, commitment journals, assigning you a referee, and notifying your friends. Someone will always be there to hold you accountable and keep you motivated.

Who Actually Uses This?

Using StickK, people have put almost 4 million dollars on the line and made over 37,000 commitment contracts! Staples has even partnered with StickK for their business challenge to help businesses achieve their goals.

Here is a list of recent things that people have committed too:

• Wedding Weigh In
• A Happy & Fulfilled Life
• Filet O’Fish
• Do The Prayers “On Time”
• Stop OCD stuff
• Record an EP
• Run 4 times a week.
• Nail biting
• Healty eating
• Do a full cobra
• Study abroad in South Africa

God only knows what some of these mean, especially Filet O’Fish… Do you want to stop eating them?

Anyways, these are all important goals for someone and studies show that financial motivators can be quite powerful to achieving your goals.

What Does The Research Say?

According to the developers of StickK, the commitment contract concept is based on two well known principles of behavioral economics:

1. People don’t always do what they claim they want to do.
2. Incentives get people to do things.

“According to a 2008 study published in the Journal of the American Medical Association, dieters who had a financial incentive to lose weight were nearly five times as likely to meet their goal when compared with dieters who had no potential for a financial reward.” Read more here.

I would assume this study can be applied to business goals, relationships, and just about anything else… like Filet O’ Fish.

Expert Advice

StickK also offers expert advice in their Expert Word area. They have a bounty of articles for health, relationships, money, “going green”, and a few other categories.

Get Motivated Today!

StickK.com is a great tool for motivation that can help you achieve your goals and manage your life better. The website is backed by research and provides sound advice and support from a great community.

Sometimes all we need is accountability to get where we want to be and StickK can help us get there.