How it Works
1. You state your goal
2. You make your plans to achieve your goal
3. You decide if you achieve your goal
The basic concept is that you are more motivated to achieve your goals when you have skin in the game.
You purchase the size goal you want to achieve
You state your goal
When you achieve your goal, we will refund your money back to you. If you do not achieve your goal, then you lose your money as a consequence.
The best part is YOU decide if you've achieved your goal.
If you say you achieved your goal, we will take your word for it and refund your money back to you. This is a chance for you to be completely honest with yourself and hold yourself accountable.
Pros of Having Skin in the Game
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Increased Commitment and Motivation: When you have skin in the game, you are more committed and motivated to achieve your goals. The personal investment, whether it's time, money, or effort, creates a sense of responsibility and urgency that drives you to work harder and stay focused.
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Higher Accountability: Having something at stake makes you more accountable for your actions. This accountability can help you stay on track, meet deadlines, and push through challenges, as failure would result in a tangible loss.
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Greater Resilience: When you have skin in the game, you are more likely to develop resilience. The potential for loss or failure motivates you to find solutions, adapt to changing circumstances, and persist despite setbacks.
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Enhanced Learning and Growth: Personal investment often leads to deeper engagement and a greater willingness to learn. As you work towards your goals, you gain valuable skills and insights that contribute to your personal and professional growth.
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Improved Decision-Making: With skin in the game, you are more likely to make thoughtful and strategic decisions. The risk of loss encourages you to weigh options carefully, consider long-term consequences, and avoid impulsive choices.
Cons of Working on Goals Without Having Skin in the Game
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Lack of Motivation: Without personal investment, it can be challenging to stay motivated. The absence of a tangible stake may lead to procrastination, lack of effort, and ultimately, failure to achieve the desired outcomes.
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Low Accountability: When there is nothing at stake, accountability diminishes. This can result in missed deadlines, unfulfilled commitments, and a general lack of follow-through, as there are no immediate consequences for inaction.
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Reduced Resilience: Without skin in the game, it is easier to give up when faced with obstacles. The absence of a personal stake can lead to a lack of perseverance and a greater likelihood of abandoning goals when challenges arise.
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Limited Learning and Growth: A lack of investment can lead to superficial engagement and minimal learning. Without a strong personal stake, there is less incentive to dive deep, seek out new knowledge, or develop new skills.
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Poor Decision-Making: Without something to lose, decisions may be made impulsively or without thorough consideration. The absence of risk can lead to careless choices, as there are no immediate repercussions for poor decisions.