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Motivate yourself with "loss aversion"
Merlin Mann | Mar 6 2008
NPR: Put Your Money Where Your Girth Is I really enjoyed this Morning Edition story on "Prospect Theory," or the idea that loss aversion can be an effective motivator in goals related to health improvement like weight loss and smoking cessation:
Related to that question I was asked at Macworld: I wonder if a gym membership might be even more motivating if you received a daily email updating you on the wasted dollars you'd spent by not working out in the last n days. When I started paying most of my own college tuition, I remember realizing that every class I skipped was equivalent to throwing away about a day and a half of the money I'd earned from waiting on tables. It was very motivating for me, and I started missing a lot fewer classes as a result. 11 Comments
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 Life InsuranceSubmitted by pmhesse on March 10, 2008 - 6:59am.
About 2 years ago, I decided I needed life insurance. We priced out a number of plans, looking at a 30 year term. At the time I started this shopping process, I looked at the things that influenced life insurance rates... family medical history, being overweight, being a smoker. Although I don't smoke, I was overweight and do have an undesirable family medical history. However, there was something I could do about it! 4 months of running, aerobics, and weight training later, I was down 20 lbs. The fear of having to pay more each month over 30 years was enough to motivate me. » POSTED IN:
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