stickK is a web-based company that helps you achieve your personal goals through "Commitment Contracts"
What Company Is Offering:
stickK is a web-based company that helps you achieve your personal goals through “Commitment Contracts.”
How It Works:
You create a contract obliging you to achieve a specific goal within a specific time-frame. By doing so, you put your reputation at stake. You may also choose to wager money to give yourself added incentive to succeed. If you do succeed, you get your money back. If you fail, the money is forfeited to charity, or to one of several causes, or to a person of your choosing. stickK’s services are absolutely free.
Why do you need stickK to create a Commitment Contract?
Let’s say you sign a contract promising to pay a friend a sum of money if you don’t achieve your goal. Chances are, if you renege on your commitment contract, your friend won’t take your money, or will be soft on you and renegotiate the terms of the contract (after all, aren’t friends supposed to be understanding?). Thats why they hold you to the contract!
Also, stickK offers the support network feature, and the community aspects of stickK help you work toward your goal which is fun and more effective than slugging away in isolation. It is hard to replicate the ability to involve and update lots of people on your progress in real time offline!