Public and Humiliating Failure

One of the most interesting things we’ve discovered… is that [people] are more motivated by the fear of looking bad than by the hope of getting millions of dollars. So if you want to get millions of dollars, put yourself in a position where failure will be public and humiliating. —Paul Graham
Today is New Year’s Day. It’s goal-setting time.
Normally I keep my goals quiet, hidden to all but myself. As a result, I often fail to achieve them. But, since I tell no one my aims, I can sweep them away and try to forget that I every wanted to achieve them.
This year is different. This year it’s time to put myself in a position to fail.
The goal I’m setting myself is: to earn $1,000 a month on average from location-independent sources before January 1st, 2010. I’m keeping track of progress on this blog — were everyone can see how well I do.
Why this goal? Like most, I don’t particularly enjoy working for someone. $1,000 a month is about half of my living expenses. If I could reach that, I could switch from working full time to part time.
The bar is set, the gauntlet thrown down.
Today is January 1st, 2009. 365 days left. Ready, set, go.
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Header photograph by Bob Jagendorf
Filed in goals 5 Comments so far



DrJ on 07 Jan 2009 at 3:13 am #
Good Luck!
I have a very similar aim (although I set it for mid year and am far to chicken to put it on a blog). I look forward to watching your progress, and maybe getting some tips.
Hmmm, maybe I should take this as a challenge to try and get there faster?
Stuart Arnott on 27 Jan 2009 at 9:40 am #
That’s fabulous, and I wish you well! Hugely exciting and terrifying in equal measure. It’s not quite a “goal” of mine yet, but it’s an ambition. When it moves up the chart past “desire” and “aim” then I make make it public!
I am confident that the creativity you have shown in your blogs will enable you to reach and surpass your goal. I look forward to the updates.
Stu
ps I always enjoy the forum post footers on MoneySavingExpert. People with great joy write things like “£4,527.50 to go until debt-free (excluding mortgage)”. That always inspires me and it’s spurred me into working towards achieving *that* goal first. Hopefully this blog will similarly inspire me!
Grey on 31 Jan 2009 at 3:15 pm #
Heading into month 2, I’m much less confident… but thanks for the encouragement. I’ll have to check out MoneySavingExpert.
Craig on 02 Feb 2009 at 6:24 pm #
Don’t give up.
I’ve got two properties that are now up to $15/day in google adsense. I’m going to keep adding to them and try to be on pace for $35/day by the end of the year.
Michel on 19 Mar 2009 at 7:48 pm #
Hey, good luck! Don’t give up!
I left my fulltime job, just because I wanted to work for myself! And just because I was tired of bad management, too…
(Btw, we once have met, although just virtually…:)
Up to now things stand like this — empty bank account + some debts… But I am not losing hope! I am trying to become a freelancer, and to be able to work from anywhere…
))
Good luck, once again!