It’s 2019, and once again what’s the most popular New Year’s resolution? You guessed it – losing weight! You’ve probably seen a bunch of recent health and fitness related tips in your Tip Yourself community tip feed.
Money can be a powerful motivator. A company called HealthyWage provides an interesting way you can earn money by meeting your weight loss goal. You essentially make a bet against yourself, and you pick your goal and how much money you want to put on the line.
How HealthyWage Works
- Use the HealthyWage Prize Calculator to set your weight-loss goal:
- How many pounds you plan to lose.
- The number of months in your plan.
- How much money you want to bet each month.
- Complete the signup form and agree to pay the amount of your bet each month. This is real money!
- You’ll start and end your challenge with a video verified weigh-in to demonstrate your weight loss. Super fast and easy.
- Throughout the challenge, you’ll also keep a weekly log of your progress. This helps to ensure you’re losing the weight in a healthy way, not through extreme measures.
- Hit your goal and win your prize! $$$
Ready to get started? Calculate your own plan and prize in the HealthyWage Prize Calculator to find out how much you can win.
HealthyWage Success Stories
At 278.8 pounds, I was miserable. I couldn’t really play with my nieces the way I wanted to, and walking up stairs winded me. I avoided pictures or would work to make sure I was in the back so my head was all that was visible. Living that way is no fun…
After starting down a path to a healthy lifestyle, I now get asked to “play run” with my nieces and love every second of the fact that I can keep up! I am so excited to be feeling great and to being able to call myself a runner, and love any opportunity to “pass it on” and help others to reach their goals, too!
I signed up as a birthday present to myself. I was anticipating my 40th birthday a year from then and I wanted to start off middle age as healthy as I could. I wanted to be able to enjoy middle age and not be depressed about my weight and concerned about my health.
Putting up my own money definitely helped me win. At first, I did play around and not take this weight loss seriously. I even gained weight since my first weigh-in. But I kept coming back to, “Do I really want to throw away my $300?”. So I would try to regroup and try again.
After, I finally dedicated myself to the process, many times I wanted to give in to temptation. But the thought of the prize kept me focused. And, as weight started to come off, I was very excited about the process. It was not as hard as I thought it would be once I got my mind focused.
What’s the Catch?
I spent some time digging into HealthyWage and exactly how it works. It’s completely legit, but here’s the catch, sticking to a new diet or exercise plan is hard. That’s not a surprise.
We all know how hard it is to change our eating habits and get into a regular fitness routine. When someone loses their bet, HealthyWage uses that money to pay winners and keeps some of the money to fund the company.
However, the risk of losing money is a big source of motivation. You know yourself best. Are you motivated by money? Making a HealthyWage bet may be the extra boost of motivation you need to stick with your goals.
Only Risk What You Can Afford To Lose
It may be tempting to make a big bet to maximize your motivation boost. That would be a mistake. A bigger bet will not necessarily mean a bigger motivator. Losing $100 can motivate you just as much as losing $250.
Make sure that you’re being honest with yourself and your paychecks. Only bet what you can afford to lose. Losing money that you need for important bills or rent is not going to help you achieve your goals and live a happy & healthy life.
What do you think?
Is money a good motivator? Have you tried a similar health or fitness bet? Did it help you achieve your goal?
Check it out for yourself. Start with the HealthyWage Prize Calculator.
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