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Conversely, announcing your plans and having a financial stake in the completion of those plans is shown to work exceptionally well. The company, stickK (stickk.com), is founded on this principle. It is drawn from behavorial economist Dean Karlan, so it is based on incentives rather than rigorous psychological evaluation, but it seems to work well: http://www.stickk.com/about.php

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If the financial state is already having invested the money, I wonder if this is more or less motivating than a possibility of money later. The money paid is a sunk cost, so failing to follow up negatively impacts your experience and not the financials.

I was about to boast about something... but never mind.

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