Set Up Financial Incentives
Set up financial incentives. After you’ve written out your specific goals and dates, your best bet is to build a little structure into them. Enter: prizes and rewards. A significant amount of academic research shows that you are much more likely to achieve your resolution if you include a double financial incentive -- i.e., money to lose if you fail and money to win if you succeed! The reason money works better than the natural motivators of vanity and health is that money can be tied to specific, measurable goals and deadlines. In other words, financial incentives help prevent procrastination by establishing a firm start date, and help prevent quitting by establishing a firm goal date.
Financial incentives also make weight loss a lot more fun and exciting by transforming the process into a game. There are fantastic tools and resources available online for setting up financial incentives. For its part, HealthyWage allows participants to make a personal weight loss “bet” with a payout of up to $10,000. You plug your weight loss goal and timeframe into the HealthyWager bet calculator to see the amount of the prize you can get (based on your inputs) -- up to $10,000. If you achieve your goal, you win the prize. If you don’t, HealthyWage keeps your bet. Fleming explains, “The double financial incentive is an incredible motivator and source of structure that most HealthyWager winners say is indispensable. Although HealthyWage is most widely used by employees at big companies, the HealthyWager betting program is available to everyone