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Home Need Motivation? Make a Price Pact | by Nir Eyal | Jul, 2021

Need Motivation? Make a Price Pact | by Nir Eyal | Jul, 2021

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This highly effective technique harnesses the power of “loss aversion” to help you reach your goals

Photo by bruce mars on Unsplash
Photo by Mohamad Rashidi on Unsplash
My “burn or burn” calendar

Pitfall #1: Price pacts aren’t good at changing behaviors with external triggers you can’t escape.

Pitfall #2: Price pacts should only be used for short tasks.

Pitfall #3: Entering a price pact is scary.

Pitfall #4: Price pacts aren’t for people who beat themselves up.



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