Get Fit and Win Cash with HealthyWage Challenges

What’s HealthyWage?

HealthyWage is a behavioral finance firm that makes use of betting and challenges to assist individuals train extra and drop some weight. You primarily wager on your self and earn cash when you win — i.e. lose the stipulated quantity of weight or meet the train objective.

The way it works

The positioning has two sides — one for company challenges and group challenges; and one for people.

Company problem guidelines depend upon the sponsoring firm. And group challenges fluctuate based mostly on the group’s targets. We’re dealing solely with challenges right here that you could be part of as a person.

People are capable of take part in “jackpot challenges,” “step challenges,” or a “HealthyWager.” In all instances, when you win, you’ll cut up the pot (minus HealthyWage’s charges) with different winners.

If there are an uncommon variety of winners, HealthyWage says it should waive its charges to make sure that all winners at the least get their a refund.

HealthyWagers

Those that select to enroll in a “HealthyWager,” are led by means of a course of that asks about your weight reduction targets and the way a lot you’d guess on your self month-to-month. You select what number of months you’re keen to spend to achieve your weight-loss objective and the way a lot weight you wish to lose.

Nonetheless, HealthyWagers have some minimal necessities. Particularly:

• HealthyWage requires that you just guess at the least $200 over the betting interval
• And that you just spend at the least 6 months attending to and sustaining your objective weight.
• You additionally should pledge to lose at the least 10% of your physique weight

Jackpot Challenges

With Jackpot Challenges, the burden loss objective and the time concerned varies by the competition. So, too, do the guess and jackpot quantities. Every problem posts its personal guidelines, charges, begin and finish dates. Usually talking, these contests vary from one month to 3 months and may contain shedding from 3% to six% of your whole physique weight.

Step Challenges

Step Challenges, in the meantime, are all about boosting your exercise stage. With these challenges, the positioning creates a customized objective for every participant by having you hyperlink both a Fitbit or an exercise tracker in your good telephone.

HealthyWage will then have a look at the final 45 days of your exercise to search out median train stage. Your problem is to spice up that stage by 25% during the competition.

Commissions and costs

The positioning retains 25% of the wagers, until there are lots of winners. In that case, all winners will get better their funding. And the positioning’s payment will take the remainder.

HealthWage overview

HealthyWage is all about addressing the weight problems disaster by means of behavioral economics. The speculation is that folks will have interaction in wholesome change, in the event that they’re supplied with incentives and help. And that’s what this app is all about.

So it’s not a standard aspect hustle. However for somebody who’s trying a way of life change that entails shedding a major quantity of weight or rising the quantity of train they get, it might be an efficient and rewarding strategy to go about it.

When you enroll, you pay a set quantity each month in your “guess.” And also you achieve entry to the positioning’s weight reduction group by means of the app and social media. This group helps one another with wholesome, low-calorie recipes and emotional help.

Notably, contributors are typically enthusiastic in regards to the website, which will get a 4.4 (out of 5) score on SiteJabber. Certainly, SiteJabber lists HealthWage because the twelfth highest-rated weight reduction app on their website. (It’s additionally the one one within the dozen that you possibly can probably receives a commission to make use of. The others require you to pay them.)

Weigh-ins

Should you take part in a weight reduction problem, you’ll want two “verified” weigh ins. One firstly of the competition and one on the finish. Weigh-ins are video-taped, following a selected course of to make sure that nobody cheats. In case your video is unclear or doesn’t comply with the system, you possibly can be requested to submit one other — or have the burden loss verified in one other method.

Those that take part in step challenges might want to hold their exercise tracker synced to the HealthyWage website all through the competition.

Failure to submit weigh-in or tracker knowledge would disqualify you from the competition, with out the opportunity of getting a refund.

Threat vs. reward

With massive pots, the place there are few winners, the jackpots are substantial — amounting to 1000’s of {dollars}. Nonetheless, modest bets are inclined to generate modest returns.

Utilizing a pattern the place somebody guess simply $20 a month and wished to lose the minimal 10% of physique weight on a HealthyWager, as an illustration, the positioning estimated that this particular person’s winnings would add to only $20 over the quantity they guess.

That mentioned, when you attain your weight reduction targets, the worst you possibly can do is get your a refund.

For somebody who is set to satisfy their weight reduction targets, HealthyWage could also be an effective way to get rewarded for doing so. However take into account that you place your personal cash in danger, upfront.

So, when you’re unsure whether or not you’ll persist with the food regimen — and hold the burden off by means of the weigh-in interval — you ought to be ready to lose the cash you guess.

Whereas a number of contributors say they really guess greater than they comfortably lose to present themselves added incentive to succeed, that’s a dangerous technique.

…However what if….

What when you get pregnant throughout a problem? The positioning will droop your problem, when you present proof of being pregnant. After the infant, when your physician says it’s okay, you can begin over or reinstate your problem.

What when you want extra time? You should buy a further six months by paying these extra months, with out altering your targets. However, despite the fact that you’ll pay extra for this problem, the prizes stay the identical as within the authentic problem.

What when you get sick? Usually, sickness received’t impression a problem. But when the sickness is critical and impacts your potential to take part, contact the positioning at [email protected] inside 14 days of the medical analysis. you ought to be ready to supply formal documentation. What when you don’t wish to present your medical info? You lose the guess.

What when you change your thoughts and determine to not drop some weight? There are not any refunds.

Getting paid

Should you win your HealthyWage problem, you’ll have the choice of getting paid by PayPal or paper test. There’s a $7 payment to get a paper test and checks often take 3 weeks to course of.

PayPal prices about 3%, however makes funds accessible inside 3 to five enterprise days.

Suggestions

We love this website, despite the fact that this isn’t a standard aspect hustle. The positioning works very like DietBet and StepBet, that are additionally viable choices for individuals making an attempt to drop some weight by betting on themselves. You’ll be able to sign up with HealthWage here.

Nonetheless, when you’re on the lookout for a extra conventional aspect hustle, check out our Quiz. It’s going to lead you to a number of money-making alternatives based mostly in your pursuits, expertise and assets.

What their customers say (from SiteJabber)

I used to be prepared. And guess a bit greater than I needed to spend…truly waged my trip cash so if I misplaced, there could be no Alaska cruise this summer time. They set me as much as succeed. I wished to win the cash so I took benefit of all they needed to provide! Joined the Fb web page and totally engaged within the in-app chat help. Discovered many new recipes, methods to remain motivated, and new habits to shoot for. I’m soooooo completely satisfied that I FINALLY discovered one thing that labored for me! Thanks HealthyWage!

I began my HealthyWager in July 2022, and simply received $6,540 on January twelfth of this 12 months! So grateful for the motivation and accountability HealthyWage gave me.

All good

I’ve nothing however constructive issues to say about my expertise with HealthyWage. I attempted to drop some weight for a few years with none long-term success. Betting on myself was the motivation I wanted to lastly meet my weight reduction targets and make a sustainable life-style change. I misplaced over 90 kilos and received practically $10,000. The funding I made paid off in so many extra methods than one.

I used to be not sure at first whether or not or not HealthyWage was every thing it mentioned it was. However right now I’m $5484 richer and 75lbs lighter due to the app, and the HealthyWage group. It was value taking an opportunity on it and I’m the healthiest I’ve been in so long as I can bear in mind.

Misplaced the burden and wholesome wage paid as promised. Thanks for offering the motivation to maintain going.

3/18/2024