10X helps Entrepreneurs become FIT, RICH & HAPPY 🔥 https://10X.TV
"FREE APP & FAIR CRYPTO gives you EVERYTHING YOU NEED to unlock more ENERGY, MONEY & TIME so you can #10X THE WORLD!" 🌏
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📘 READ the Medium Blog Post
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🎧 LISTEN to the Anchor Audio Podcast
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🎞️ PLAYLIST 🎞️
https://bit.ly/10XPlaylist
INTRO... WHY ~ HOW ~ WHAT ~ 10X TOKEN ~ 10X APP
10X... TODAY ~ MESSAGES ~ SOCIAL ~ DASHBOARD ~ WALLET
FIT... WORKOUT ~ MEALS ~ BUILDER ~ QUESTIONS ~ LEGENDS
RICH... TRAFFIC ~ REFERRALS ~ OFFERS ~ CASHFLOW ~ LEGENDS
HAPPY... COMMITMENTS ~ HABITS ~ TIMEBOXES ~ GOALS ~ LEGENDS
BONUS... SEARCH ~ FEATURED ~ EXTENSION ~ REWARDS ~ UNLOCKED
BUSINESS... IDEA ~ DEVELOPMENT ~ REVENUE ~ TEAM ~ ROADMAP ~ OUTRO
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📝 DISCLAIMER 📝
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this podcast is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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📜 TRANSCRIPT 📜
COMMITMENTS
Reward & Punishment
"Commitment is what transforms a promise into a reality."
- Abraham Lincoln
CARROT or STICK
REWARD or PUNISHMENT
Commitment Contracts are a BRILLIANT IDEA created by Dean Karlan, a PROFESSOR OF BEHAVIOURAL ECONOMICS at Yale University & developed into the $54M PRODUCT stickK.com
In their words, here is how it works…
"We all have goals… Yet, most of us struggle to achieve our goals."
"That's because there's a big difference between having a goal and achieving a goal."
"A Commitment Contract is a binding agreement you sign with yourself to ensure that you follow through with your intentions - "
"and it does this by utilizing the psychological power of loss aversion and accountability to drive behavior change."
"…users define their goal (whatever it may be), acknowledge what it'll take to accomplish it, and leverage the power of putting money on the line to turn that goal into a reality."
This is EXACTLY what you NEED to 10X YOUR LIFE.
10X Commitments use FINANCIAL LOSS & REWARD, plus SOCIAL ACCOUNTABILITY to keep you motivated & disciplined.
These contracts will exist as BLOCKCHAIN SMART CONTRACTS.
10X Commitments are bound to S.M.A.R.T.E.R Targets
S.M.A.R.T.E.R Targets are…
* Specific
* Measurable
* Ambitious
* Relevant
* Timely
* Evaluated
* Rewarded
According to StickK…
"A Commitment Contract with a REFEREE increases your CHANCES OF SUCCESS by up to 2X!"
"A Commitment Contract with FINANCIAL STAKES increases your CHANCES OF SUCCESS by up to 3X!"
Your 10X SOCIAL friends become your REFEREES.
Fiat, Crypto or 10X Tokens are used as FINANCIAL STAKES.
Setting up a contract is easy!
For example…
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Commit to becoming FIT…
I will commit to workout, 5 times/week to build discipline from now, every week verified by my wife with a $10 Traffic Token reward.
* Specific = I will
* Measurable = workout
* Ambitious = 5 times/week
* Relevant = to build discipline
* Timely = from now, every week
* Evaluated = verified by my wife
* Rewarded = $10 Traffic Token reward
I will commit to smoke 0 cigarettes for my health & kids from now, and forever verified by my friends with $100 USD as my punishment.
...
