Get Paid to Lose Weight in the Healthy Wage Challenge

By on Jan 10, 2013 in Extra Cash, Fitness | 21 comments

dollar bill wrapped by tape measurer

Want to get paid to lose weight?

Is one of you 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. Seems to good to be true, right? Who would pay you to lose weight? HealthyWage.com, that’s who. My wife and I signed up last week and are super excited to participate in the challenge.

The Healthy Wage Challenges:

 The 10% Challenge

This is the one we decided to do. The idea is that you pay $150 to participate in the challenge to lose 10% of you body weight in 6 months. If you do, you will actually get $300 back! That is right, you actually win an additional $150 for losing weight. If that is not enough money to motivate you, you can also receive $20 for every person you refer to the challenge. By the way, if you would like to join the challenge, please let them know that I referred you and they will ask for a referral code which is 6602922871.

BMI challenge

This challenge is free with the opportunity to win $100 in one year. To qualify, you must have a BMI of 30 or higher and get it down to 25 or less in one year. What is BMI, you ask? It is your Body Mass Index, which is a ratio of your height to your weight (Calculate your BMI). According to the Center for Disease Control, “BMI provides a reliable indicator of body fatness for most people and is used to screen for weight categories that may lead to health problems.”

 Match Up Challenge

Want a chance to win $10,000 for losing weight? Here is your opportunity to do just that. This challenge involves joining a 5 person team, each of you paying a mere $75 entry fee. Whichever team loses the highest percentage of weight by the end of the contest wins $10,000. Don’t think you will get first, that is OK because second place will earn $5,000 and third place will earn $3000. Not too shabby, right?

 Additional Details

For all of the challenges you need to weigh in to verify how much you weigh. There are two options:

1. Create a private weight verification video

2. Get your weight verified at your health club, doctor or Weight Watchers meeting. If you do not belong to Weight Watchers or a health club, many health clubs are willing to help out but be sure to call to ask before going.

Join the Healthy Wage challenge now!

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

    21 Comments

  1. That challenge seems awesome. I just need to lose a few pounds I picked up over the holidays…definitely not 10%. Still, I think that money is a great motivator for people!

    Holly@ClubThrifty

    January 10, 2013

    • Money is a great motivator. I joined a competition last fall where the reward was lunch. That wasn’t as motivating as $150, that is for sure.

      Deacon

      January 10, 2013

  2. It sounds like an awesome idea. I definitely have some that I could lose, I’ll have to check it out.

    John S @ Frugal Rules

    January 10, 2013

    • It is an awesome idea, one that I thought “Why didn’t I think of that?” Wish you the best in achieving your fitness goals!

      Deacon

      January 10, 2013

  3. If nothing else, money can motivate people! There is another app that pays you to go to the gym, or fines you for not going. Good luck with your weight loss!

    Pauline

    January 10, 2013

    • Pauline, thanks for the heads up on the App. I will have to check it out. I am not sure I am a fan of paying “Fines” for not working out, but I guess that is supposed to motivate me not to be lazy. I would have a love/hate relationship with that App.

      Deacon

      January 10, 2013

      • I am that app, Gym-pact (http://www.gym-pact.com/). You earn about $.40 in average per workout (over 30 minutes) you commit to. If you miss one, you are fined $5 for each missed workout. Nice if you can make sure you get to the gym, a total bummer if you have an unexpectedly busy week! It also works with RunKeeper so you can use it outside of the gym.

        I definitely have a love/hate relationship with it, but haven’t been fined yet!

        Lyn @ Pretty Frugal

        January 10, 2013

        • You haven’t been fined yet? That is impressive. Thanks for throwing the name of the App out there, that is helpful. I will check it out!

          Deacon

          January 10, 2013

  4. Interesting. I need to lose some weight, but not 10% either. I am looking to lose weight, so I will be in a better group for life insurance premiums. Since my son was just born, I need to up my life insurance, but I need to have a physical. If I drop the pounds, then I will be good.

    Debt Roundup

    January 10, 2013

    • That is one thing about the challenge, you need to have 10% to lose. I am fortunate, if that is what you would call it, to have that amount of pounds to drop. Glad to hear you are planning to increase your life insurance because you had a kid. It is so important to plan for taking care of your family financially in the off chance that something would happen to you.

      Deacon

      January 10, 2013

  5. A challenge to lose weight and win money.. I think that anyone that needs the motivation of a challenge should take it on. You only live once and keeping yourself healthy and fit, well you can’t put a number on that. Good Luck Mate!

    Canadian Budget Binder

    January 10, 2013

    • Thanks Mr. CBB! It is a no-brainer if you have the weight to lose.

      Deacon

      January 10, 2013

  6. I’m curious if they’ll make or lose money on this? It seems like a money-making dream. So many people start this kind of thing and then peter out when it gets difficult.

    AverageJoe

    January 10, 2013

    • I wondered that myself. They say that they receive corporate sponsorship’s, so perhaps they rake the dough in that way as well.

      Deacon

      January 10, 2013

  7. That is an great challenge. I could lose a few pounds but not 10%. That other app sounds kind of fun though. Good luck with your goals.

    Kim@Eyesonthedollar

    January 10, 2013

    • Thanks Kim!

      Deacon

      January 12, 2013

  8. Definitely a cool idea, but unfortunately (or fortunately?) I am trying to gain weight, if anything.

    DC @ Young Adult Money

    January 11, 2013

    • I would say you are fortunate DC. It is easier to gain weight than to lose it :)

      Deacon

      January 12, 2013

  9. Deacon, that looks interesting way to make some cash. I assume, if you do not lose weight, you lose your investment, right? I think I will give it a shot.

    Martin

    January 16, 2013

    • That is correct. If you don’t lose the 10%, you will lose the $150. It is very motivating for me because I hate losing money.

      Deacon

      January 17, 2013

  10. This seems like a great idea! For an overweight person like me, it’s like hitting two birds with one stone!

    Sean

    January 22, 2013

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