HealthyWage is an app that uses cash-based weight loss challenges as motivation and incentive in helping individuals succeed with their health and wellness goals. While we offer a variety of individual and team wellness challenges, we’re most notable for the HealthyWager challenge. The HealthyWager is the individual weight loss challenge completely customized to each individual. You get to pick your weight loss goal, how long you want to lose it in, and how much you want to invest each month. Then, if you achieve your goal by your deadline, you win your prize, which is your total wager plus a profit up to 300%! Read below to learn more about HealthyWage and how it works.
1. Start at the HealthyWage Prize Calculator, where you’ll enter how much weight you want to lose (10-150 pounds, minimum 10% of your starting weight), how long you’ll take (six to 18 months) and how much you want to bet ($12-$150/month – minimum $200 total over the life of your wager).
Based on that information, the calculator will determine your prize amount, up to $10,000. Your ROI will be up to 300+%. Many winners more than double their money.
2. Sign up and lay down your bet. You agree to pay the monthly amount for the duration of the challenge. Our winners tell us that the investment in their challenge was a motivating factor because they want to WIN money, not lose it! The loss aversion principle combined with the financial incentive can be an effective tool on a weight loss journey.
3. Achieve your weight-loss goal, and win your prize! Seriously, if you win your challenge, we PAY YOU! In fact, in just 2021 alone, we paid out over $13M to winners! You’ll start and end your challenge with a video-recorded weigh-in to demonstrate your weight loss (it takes about two minutes with HealthyWage’s mobile app). Throughout the challenge, it’s recommended that you use HealthyWage to log weekly weigh-ins (these are just self-reported, not verified by video). It’s a great way to keep yourself accountable and on track to meeting your goal!
4. If you don’t hit your goal, your money goes to HealthyWage, including for prizes to others who achieve their goals. Our own 13 year history hosting these challenges and academic studies have proven that this double monetary incentive is an incredibly effective tool on a weight loss journey because you want to WIN money AND not lose it!
While HealthyWage’s main role is facilitating your bet, that doesn’t mean you’re in this weight loss journey alone! Our app, available on iOS and Android offers helpful tools such as the Progress Tracker, social support, and a stats and standing board to help you stay motivated and on track to reaching your personal goals!
Now that you know about HealthyWage and how it works, play with the free Prize Calculator to customize your personal weight loss challenge and see how much you can win!
