Put Your Money Where your Goals Are

[Chett]

stickk.com is a website designed to get people to commit to achieving their goals, and risk losing money if they fail to meet their goal. The process is pretty simple: 1. set a goal 2. set the stakes 3. get a referee 4. invite your friends to cheer you on. The site, stickK is doing what my objective is here on this site, to get people motivated to reach their goals. Ideally I would like each member here on 5k5k to put the date of their goal on the events tab of this site, so we can all see who is coming up on their goals and cheer you on. Seeing your goals stated on the horizon can be a big motivator (mine is getting closer, and I don't know if I will make it on the $5000 portion, but it will be close). The difference is on the stickK site you have the opportunity to wager money to keep you motivated.

The creator of the site describes his success with the program. "I originally had to lose a pound a week (or else lose money). Then I had to keep my weight below my contractual target of 185 pounds. In contrast to Weight Watchers, which can cost about $500 a year and helps you lose on average 6 or 7 lbs (about 3 percent of your initial weight), I put $500 at risk each week. In equilibrium, I’ve lost 25 pounds (12 percent of my pre-diet body weight) and so far it has cost me nothing." The pay off is huge. He exceeded his goal and saved money at the same time. I would love for the members here to be able to say the same thing.

You can choose from many different categories ranging from weight loss to stop biting nails. You then decide if you want to wager money, you don't have to. If you decide to put up some cash, you designate the recipient. Maybe you choose your favorite charity, or the rival of your alma mater (I couldn't bare to give money to KU, sorry all Kansas members).

The site provides a fun way of holding yourself accountable to your goals. Visit the site and let us know if you signed up and/or what you wagered.