Another thing you can do to make your goal more solid is to create consequences for dropping the ball. If I quit or screw this up, there will be some negative consequences. Humiliations galore and that sort of thing.
If there’s no negative consequence for quitting, it will be easy for you to quit. That’s bad. We want to create more resistance to quitting, so that once you get going, it’s hard to turn back.
How you do this is a very personal choice, but if you’re not willing to do anything of the sort, then how committed are you really? If you’re committed to your goal, then it shouldn’t be a big deal to line up some extra sting for failure.
Quite often people will find the avoidance of the negative consequences more motivating that the positive benefits they’ll achieve. Instead of winning, some people become more focused when they really want to avoid losing. If the positive motivation for passive income was enough for you, wouldn’t you have already achieved your goal by now?
If you’ve been interested in this goal for a while but you’ve been putting it off and you’re now telling yourself that you’re finally going to do it and that this time things will be different, why should anyone believe you? Do you even believe you?
Or are you just trying to act confidently to convince yourself?
If the only consequence of failure is that you continue to experience more of your old reality, that isn’t much of a consequence, is it? After all, you’re already tolerating that kind of reality right now, so there’s no reason to believe you can’t keep right on dealing with it for another decade. But if turning back somehow looks nastier than going forward, you’ll very likely make some serious progress this time.
One suggestion is to find your biggest doubter and make a bet with him/her that you’ll succeed in achieving your goal by the deadline. If they’re willing to bet against you, this can engage your competitive spirit and boost your motivation significantly. And if they refuse to bet, it can give more confidence since maybe it means they believe you’ll succeed. You can bet money, or you can make the consequences something more creative.
If you’re into politics, another idea is to promise to donate money to a candidate or political party that you hate if you don’t achieve your goal by the stated deadline.
Your ability to do this is partly a test of how confident you are in achieving your goal. If you struggle to make this sort of commitment, then what does it say about your level of confidence? If you’re truly going to achieve your goal, then the negative outcome will not happen.
When you do this, be careful not to create too much of a counter-force to your goal by mistake. You want to engage your competitive spirit if you find that helpful, but you don’t want to go so far as to incentive's others to sabotage your success. So if you promise a nice benefit to a bunch of people if you fail, you may motivate people to root for your failure and to withhold help they might otherwise have offered.
Our goal is to find multiple income streams, and the more passive the better.