Is one of your New Year’s resolutions to lose weight? What if I was to tell you that there is a company out there that will pay you to lose weight? That sure makes the topic a bit more interesting, doesn’t it!
But it might seem too good to be true. Who would pay you to lose weight?
HealthyWage.com, that’s who. But what is Healthy Wage, and why would they pay you to lose weight?
What is Healthy Wage?
Healthy Wage is a health and wellness company that was launched in 2009. Their goal? To make weight loss and fitness more fun and effective. You bet money on your weight loss and fitness results, and win or lose depending on those results.
And we’re not talking small potatoes for cash prizes here. Healthy Wage’s top cash prize is an attractive $10,000.
Healthy Wage works with both companies and individuals. For example, the company you work for might set up a company-wide event. Employees can choose to participate and compete for the best results.
However, you can participate in what’s called a public challenge too. These challenges aren’t limited to corporate employee participation. Anyone can sign up and join in the fun.
Healthy Wage has many different types of challenges to choose from. Here are some of the types of challenges they offer.
Healthy Wage Challenges
With Healthy Wage, you can participate in more than one challenge at a time. Here are some of the challenge options they’re currently offering.
The Healthy Wager Challenge
With this challenge, you choose the number of pounds you want to lose. In addition, you choose the amount of time you want to lose it in and the monthly wager you want to place on your results.
There are minimums with this program. The minimum amount of time you can participate is six months. And the minimum number of dollars you can contribute over those six months is $100.
Healthy Wage has a calculator you input your challenge numbers into. When you do that, it’ll give you an estimate of your potential winnings. The calculator lets you run experiments so you can find the right challenge and bet for you.
For example, when I visited the site I entered in that I wanted to lose 30 pounds over a 9-month period. I also entered that I would wager $50 a month on that goal.
The Healthy Wage website estimated my earnings as between $1390 and $1623 if I were to meet my goal of losing 30 pounds. Your exact prize amount will be given after you share your email address with the site.
Once you place your bet, the prize amount is locked in. To win the prize, you must meet or exceed your goal by the end of the last day of the challenge. If you lose the weight early, you must maintain it. If you don’t meet your goal, you forfeit your contributions and any prize money.
The Healthy Wager Team Challenge
You can also participate in the Healthy Wager Team Challenge. For this challenge, you need to have a team of five. You can ask family members, friends or co-workers to participate.
This is a 3-month challenge, and each person contributes $99 over a 3-month period ($33 per month). The payout is a hefty $10,000. At the end of the 3 months, the team that has the greatest percentage of weight loss wins the $10,000 prize.
Healthy Wage has various Personal Jackpots going on at any given time. With the Personal Jackpots, your goal is to attain an 6% weight loss in a 3-month period. All Personal Jackpot winners get paid with a split of the pot. The website shows you the pot amount before you sign up.
Healthy Wage also has Step Challenges. With these challenges, you increase your daily walking steps and win cash. See individual challenge details on the website for more information.
The home page of the Healthy Wage website has details for any other challenges that might be added when you visit the site.
For all of the challenges you need to weigh in to verify how much you weigh. You’ll need to get your weight verified twice; once at the beginning of your program and once at the end. The weigh-in is super easy — you have two options:
- Download our mobile app (after you register) and follow the simple, on-screen instructions to let one of our referees remotely witness your weigh-in [takes about two minutes];
- Make a short weigh-in video that you upload securely to our website.
You don’t need any special equipment for either method other than a smartphone and a scale.
Also, Healthy Wage has a referral program. You get a reward for each referral you send that signs up for the program. Healthy Wage will add $40 to your cash prize jackpot for each person you refer (and that signs up) to the program. However, note that if you don’t win your challenge, you won’t get your referral bonuses.
Healthy Wage is Secure
Healthy Wage uses 256-bit encryption to protect your payment information. This is the same level of security that many big-name banks use. So you can be confident your payment information is safe and secure.
There are other rules as well with the program. See the website for additional information.
Who Can Participate?
Healthy Wage is open to residents of the United States, Canada and Mexico. The program is also open to residents of the United Kingdom, Australia, much of Latin America and most of Europe. See the website for additional details on eligibility.
How Do I Get Paid?
If you win your challenge, you can choose to get paid via your PayPal account or via a check. Should you choose to get paid via check, you’ll get your money in one to three weeks. If you choose PayPal as your payment method, you’ll get paid in two to five days.
Note that you may get charged PayPal fees if you choose to get paid via PayPal.
According to Healthy Wage, research has shown that cash rewards has increased weight loss success. In addition, research shows that people are more effective at losing weight when their own money is on the line.
If you feel like you need extra motivation to reach your goal of losing weight, think about trying Healthy Wage. Putting money on the line might just give you the motivation you need to make some positive changes to your health.
What do you think of the Healthy Wage concept? Have you ever tried a similar program? If so, did it help motivate you? Feel free to share your thoughts and experiences on our Facebook page.
Is one of your goals to lose weight this year? If so, why not make some money while shedding those pounds?
Image Credit: Daily Finance