If you are looking for an incentive to lose weight, you might have thought about giving HealthyWage a shot. After all, getting paid to lose weight can be a huge motivator for many. Now, you are looking for a HealthyWage review that will tell you all of the details that you need to know. Before you bet any money, you’ll want to know how HealthyWage works, how much money you can make, how to succeed, and possible alternatives.
Keep reading this review of HealthyWage to find out everything you need to know to decide if it is right for you.
- How Does HealthyWage Work?
- How Much Money Can You Make With HealthyWage?
- How Does HealthyWage Pay You?
- Other Ways To Make Money With HealthyWage
- Who Should Use HealthyWage?
- How To Increase Your Chances Of Success
- Is HealthyWage Legit And Is It Worth It?
- HealthyWage Alternatives
- The Bottom Line For HealthyWage
How Does HealthyWage Work?
HealthyWage is a weight loss challenge that you can access online or via mobile app. The challenge is to bet on yourself to lose weight. If you don’t reach your weight loss goal in the allotted time frame, you lose your money. However, if you achieve your goal, HealthyWage will match your bet, and you can make a hefty profit. The allotted time you are allowed is 6 to 18 months to reach your goal.
You’ll also have weekly weigh-ins to ensure that you are losing weight steadily and not at extreme rates.
It’s important to know that HealthyWage does not provide you with guidance on how to lose weight. It’s up to you to figure it out. However, HealthyWage is a social platform where people can post updates of their progress and support others. So if you like the idea of having a community of support, HealthyWage is excellent for that.
To start the challenge, you’ll have to video record your weigh-in and demonstrate that the scale is calibrated to 0 and that you’re not hiding any weights on you. At the end of the challenge, you’ll do another weigh-in to prove you hit your weight loss goal. You can also choose to weigh-in two weeks early from your set weigh-in date.
To start, you need to sign up and place your bet. To sign up, you can use your email address or Facebook. Then, you’ll need to input your credit card information to place the bet. By participating in the challenge, you’ll agree to pay a monthly bet ($15 to $995) for the remainder of the challenge. You can also choose to pay the whole bet amount upfront.
How Much Money Can You Make With HealthyWage?
The profit can be up to 300%, but how much you make will depend on a variety of factors. Those factors include the following:
- How much weight you will lose.
- How many months you’ll need to complete the bet.
- How much money you’re betting.
If you want to get an idea of what is most feasible for you, HealthyWage has a Prize Calculator where you can play around with different scenarios to see what will give you the biggest prize.
Some people can earn up to $10,000!
How Does HealthyWage Pay You?
HealthyWage can pay its winning participants because, unfortunately, some people do fail and lose their bet. The money that is lost goes to paying people who successfully reach their goals. Therefore, if you win, you’ll be one of those people to make money instead of losing it.
When you win, you’ll earn HealthyWage (HW) points. Each point is worth $1. You have a few options of what to do with your HW points:
- You can request a payout.
- You can join a new challenge and use your HW points to wage your new bet.
- Use the HW points to pay the installments on your current challenge.
If you choose the payout option, you can choose to get paid via check or PayPal. If you go with a check, there will be a $7 processing fee applied.
Other Ways To Make Money With HealthyWage
Aside from the primary HealthyWage challenge, you can make money through various individual and team challenges. You’re allowed to do up to 10 challenges at a time.
The types of challenges are as follows:
Step Challenge: If you have a step-counting device, this is a good option for you. You’ll earn money for achieving a specific step goal. You can do this individually or as part of a team.
Jackpot Challenge: You can do this individually or with a team. Your money will go into a pot that you can win if you, or your team, lose 6% body weight by the end of the challenge.
$10,000 Team Challenge: For this, you’ll need a team of five people. The teams with the highest percentages of weight loss can win cash prizes up to $10,000.
Who Should Use HealthyWage?
HealthyWage isn’t for everyone. If you aren’t money motivated, this challenge probably isn’t for you. But for those of you who are incentivized by the idea of making money, HealthyWage might be a good option for you.
However, remember, you will need to figure out how to lose weight on your own, and you need to lose at least 10% of your body weight. So if you aren’t someone who has a lot of weight to lose, it might be hard to hit that 10% mark. And if you don’t think you can lose weight on your own, it might not be worth it.
While you could invest in weight-loss surgery, a personal trainer, and tons of health supplements to lose weight, what does it matter if the costs of losing weight outweigh the revenue? You’d be losing money in this case.
If you want to lose weight by working out and eating healthy and are willing to make a lifestyle change, give HealthyWage a shot.
How To Increase Your Chances Of Success
To have the highest chance of success, you should bet an amount of money that you are uncomfortable losing. That way, when you feel like giving up, you’ll remember that you don’t want to lose that money. If you don’t bet enough money, you probably won’t be motivated to keep going if the loss isn’t significant enough.
Additionally, you can use apps like MyFitnessPal to track your calories. You can also use this RDI calculator to determine how many calories you need to lose 1 pound per week. If you have no idea where to start, these two resources will help you on your weight loss journey.
Is HealthyWage Legit And Is It Worth It?
HealthyWage is legit. As long as you reach your goal, they will pay you.
And for those who succeed, it is worth it. Who doesn’t want to make money while losing weight? You get wealth and health at the same time. However, if you are going to do this, you need to be all-in and committed to losing weight so that you don’t lose your bet.
But even if you lose, you’ll probably have lost weight in the process that you wouldn’t have otherwise been motivated to lose.
Many people have completely changed their lifestyles by starting the HealthyWage journey and are entirely grateful for that fact alone.
If you like the idea of betting money to make money, you also have DietBet and RunBet.
DietBet is more team-focused than HealthyWage.
RunBet pays you for bets that you place on achieving running goals. With RunBet, you might become a better runner, but if you aren’t doing anything to eat healthily, you might not lose weight. But if money is what matters most to you and you don’t mind running, go with RunBet.
If you don’t want to place any bets and simply want a way to make some extra side cash by being healthy, you can give Sweatcoin and Achievement a shot. Sweatcoin pays you to walk. Achievement pays you to keep track of your health habits, such as tracking steps, meals, sleep, and more.
The Bottom Line For HealthyWage
If you are trying to cash in on losing weight, HealthyWage is an excellent option for that. There have been tons of success stories, and HealthyWage has legitimately changed people’s lives. Plus, if you’re already dedicated to losing weight, you might as well make money doing it!