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Wednesday, January 5, 2011

The $500 Diet

Have you made a resolution this year?  Let’s see, today is January 5th.  Is your will power starting to wane? 

I always here people talk about the movie stars and the shape that they are in – It goes something like this – I could look like Brad Pitt in Fight Club if I had a personal trainer and $20 million to lose.  Well what if instead of getting $20 million you had to pay $500?

Enter the website stickk.com .   You make contracts with real consequences (optional money) on the line.  You commit to do something and then have a nonpartisan report on you progress.  It is strict accountability! 

How about losing weight.  Say you want to lose 10 pounds over the next 10 weeks.  You set up a goal date and goal weight.  Then you weigh in each week and have the nonpartisan report it.  If you met your goal – CONGRATULATIONS.  If not, your credit card is charged the appropriate amount ($$$) - Would you rather lose a pound next week or $500?  Let me show you how it works.

Just in time for New Year’s Resolutions, here’s a guide to make weight loss resolutions stickK.  It’s The $500 Diet and for a limited time you can read it for free.

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Most diet books are written by physicians and scientists, but The $500 Diet is my attempt to give economics and contract law a chance to change how much you want to eat. It’s a seven-step plan to strengthen your resolve – to help you make credible New Year’s resolutions.

Would you rather lose a pound next week or $500?
You can pick from several resolutions – Lose Weight, Exercise Regularly, Quit Smoking, Race!, Maintain Weight, or a Custom Goal.

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Optionally you can put money at stake to ensure that you reach your goal.  You give you credit card information.  You can have the money go to an individual, a charity or an ANTI charity (brutal).

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You then assign a referee to monitor and report your progress.  If you do not succeed then your credit card is charged appropriately.

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Here is the one I made for myself – Mardi Gras Marathon – sub-3 hours.

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If anyone needs a referee just let me know.

5 comments:

  1. I think it all boils down to motivation to stick to your goal and follow through with your goal. If $$$ is what motivates someone to accomplish his or her goal, then so be it!

    I think that is why most resolutioners call it quits after 3 weeks. The carrot they were chasing, or lack there of, was eaten already.

    This is why I think running or triathlon is such a good motivator. You can't just do a triathlon in 3 weeks (well, you can) but usually a good 6 month training plan is better, and after that, it has fit into your lifestyle and is easier to continue. That is how it happened with me.

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  2. What a clever idea... I am sorry I didn't think of it first!

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  3. WOW, that is brutal... anti charity haha.

    The only thing that would keep people honest is a scale with bluetooth capability or some sort of wireless connection to keep you honest.

    I would be motivated for sure.

    Sub 3 hrs... ARE YOU SERIOUS? Good luck man, cannot WAIT to follow this journey :)

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  4. This is fantastic! I would also need someone to come over to my house at 5am to make sure I don't spend an hour hitting snooze!

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  5. Pretty cool idea and I'm guessing he's tapping into something for many. I'm pulling for your sub-3!

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