Make money by losing weight?

Did you resolve to lose weight in 2013?

Did your resolution involve an outlay of cash for a gym membership, weight loss programs, food, etc?

Experts say at least one-third of you are about a week away from giving up which means you won’t have a story to tell like these Atlanta weight-loss success stories.

But what if instead of paying money, you could make money by losing weight? Would it motivate you to continue?

HealthyWage — a company that runs health incentive programs — pays cash rewards for participants who meet their weight loss goals.

The “10 percent challenge” lets you double your money if you lose 10 percent of your weight within six months. For example, if you put up $150 and lose 10 percent of your starting weight in six months, they pay you $300.

If you don’t want to pay anything upfront, try the free “BMI Challenge.” HealthyWage pays you $100 if you get your Body Mass Index from above 30 to below 25 within 12-months.

There are also “Biggest Loser” type team challenges which could reward up to $10,000 …without the whole world watching.

How do they do it? HealthyWage is sponsored by government funding and corporations in insurance, health-care and food industries. And of course, if you fail to meet your goals — they keep your cash.

We know that losing weight can save you money in the form of lower health and insurance costs, lower food costs and maybe even a higher salary but…

Do you think a monetary incentive can motivate you to lose weight? Has anyone tried this method? What were the results?

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– Nedra Rhone, for the Atlanta Bargain Hunter blog

2 comments Add your comment

mystery poster

January 16th, 2013
1:59 pm

I wanted to try it last year, it was only $100 with a $200 payout then.
The problem was that the beginning and ending weights need to be certified, either by doctor or gym, etc. and I couldn’t find anyone willing to do it. Weekly weigh-ins do not have to be certified, but if you miss more than a certain number you’re out.

This year, you can certify your own beginning and ending weight with a video. I didn’t read it too closely, but may go back and look at it again.

Make Money Losing Weight

January 18th, 2013
1:54 pm

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