Name: Healthy Wage
Website: www.healthywage.com
Price: $10 average per month
Type: Contest
Overall Rank: 8 out of 10
Healthy Wage vs Healthy Wager
Reviews for companies like Healthy Wage can be a challenge to write because there are 2 ways to make money. The affiliate program is one. Participating in the weight loss challenge is the other.
Healthy Wage is the name of the company. You make money with the affiliate program by promoting the actual company. This is something that would appeal to entrepreneurs.
Healthy Wager (with an R) is the name of the weight loss challenge that Healthy Wage owns. This would appeal to people who just want to lose weight and make money while they’re doing it.
This review is for the Healhy Wage Challenge, which is for people who want to get paid to lose weight. The affiliate program (for entrepreneurs) has a separate review.
What is HealthyWage About? | HealthyWage Reviews
The Healthy Wage Challenge is a great way to cash in on what we should all be doing anyway: getting in shape.
Essentially, all you’re doing is placing a bet on how much weight you can lose within a specified amount of time.
If you fail to lose the agreed upon weight within the agreed upon time limit, you lose the agreed upon money. If you succeed, you win. You get your money back, plus the winnings.
What I Like about Healthy Wage is:
1. If you’re going to lose weight anyway, you might as well get paid to do it
Health is something that should be a priority in everybody’s life. I’ve known a lot of people who were overweight and didn’t receive a dime to lose any of it. Consider it a blessing that we found this business and have the opportunity to get paid for doing what we need to do anyway.
2. You can buy extra time
If you fall behind, which may happen because old habits will not go down without a fight, you have the option of buying extra time to reach your goals.
I started out well with my fitness goals. I got side-tracked and completely forgot about Healthywage until someone asked about how it was going. Three months had passed and I was still about the same weight as when I started.
My wager was to lose 100 pounds in 9 months. Now I had to lose 100 pounds in 6 months. That’s possible, but not without adopting some practices that weren’t so healthy.
I was looking through my account one day when I noticed a link that said “Buy More Time.” I didn’t even know about that option.
I’m glad it was because I was a little too ambitious in my wager and a little too distracted to keep up with it. It costed an extra $72 to add six extra months, but now I get 12 months to lose 100 pounds. That’s about 1.9 pounds per week. I won’t make as much money after you factor in the extra $72, but it’s better losing the $108 that I wagered.
Keep in mind that I don’t know if this option is available to everyone or if they’re using algorithms to choose people who are still likely to fail so they can make more money. Play it safe and bet as if it doesn’t exist.
3. You win whether you win or lose
Finding motivation to get started losing weight is the biggest problem for some people. It was for me.
Not everyone will win their wager, but joining the company is usually all it takes to get people moving in the right direction. Even if your goal is to lose 50 pounds and you only lose 40, you’re going to feel way better, be healthier, and look better with that weight loss. Your health and self-esteem are way more important than money.
What I Didn’t Like about the Healthy Wage is:
They’ve brought the hustle of a casino to the fitness world
I understand that this is a business and some people have to lose in order for the house to stay in business.
I also understand that the people participating in the program are adults who are capable of making adult decisions and HealthyWage isn’t responsible for those decisions.
But despite knowing all of that, I don’t like how they entice you into placing a wage that you’re likely to fail by offering higher payouts on difficult goals, but like I said, I understand why they’d do it.
It makes sense from a business standpoint, and in their defense, they do offer an extension if you fall behind.
Who is Healthy Wage For?
- People who are about to lose weight anyway
- People who want to get paid to lose weight
- People who need an incentive to lose weight
- People who just want to make money
- People who like to gamble
- People who enjoy a challenge
HealthyWage Products and Services
Healthy Wager
As I mentioned above, when you first sign up, the personal goal that you set for yourself is called a Healthy Wager (with an R). Place your bet, be smart about it, and win some money.
The Healthy Wage Challenge
One thing I thought was awesome about Healthywage is that they allow you to make side bets called Healthy Wage Challenges. They can be a personal effort or a team effort.
With personal Healthy Wage Challenges, you place additional bets on how much weight you will lose, but in a smaller amount of time, and still within your original time frame.
For example, my original wager was 100 pounds in 9 months. I can make a Healthy Wage Challenge of losing 6% of my current weight within 3 months. An unlimited number people can participate in these challenges. All of your wagers are added to a pot and the pot is split between everyone who accomplishes there goal. I saw a pot that was up to $17,235. If 10 people accomplished their goals, you’d get $1,723.50 each. How awesome is that!
It’s exactly the same for team Healthy Wage Challenges except your team has to average the weight loss goal to win.
For example, using the same numbers from above, let’s say you have 5 people on your team.
Everyone weighs 200 pounds each.
Your weights added together is 1,000 pounds. Six percent would be 60 pounds. Let’s say you lost 20 pounds, 3 people lost 9 pounds each, and the last person lost 15 pounds. As a team, you lost 62 pounds total, which means you win.
The pot would be split between your team and any other teams that also achieved their goals.
Corporate Healthy Wage Challenges are also available. Similar to a team challenge, but with people from your job.
It’s a good way to encourage bonding at the work place.
The Step challenge is the last Healthy Wage Challenge. You win by wearing a pedometer to track how many steps you’ve taken. It can be a total number of steps or an increase in percentage of steps taken from a previous challenge.
You’re allowed to have up to 10 running at the same time, so if you’re disciplined and stay the course, losing weight is about to become very profitable for you.
The Referral Program
Healthy Wage has a referral program, not to be confused with the affiliate program that I was talking about earlier.
The affiliate program is a different option that pays as if you’re working for the company. Money is paid regardless of whether you participate in the contest or not.
The referral program works the same as the affiliate program, but instead of getting a pay check, you get extra money added to your winnings, meaning if you get $600 for winning and you refer someone, your winnings will increase to $640. Your friend gets $40 added to his winnings too, but you still have to win to get paid.
If you lose, you won’t have made anything for the people you referred. That’s another reason why it’s important not to let the money influence you into setting goals that you can’t achieve. Also, for that reason, if you’re going to tell friends, I’d recommend joining the affiliate program so you get paid whether you win or lose.
HealthyWage Winners
Of course, there are a lot more, but here’s a little about the winners who have won their Healthy Wage Challenges.
Healthy Wage Tools & Training
The downside to the Healthy Wage Challenge is that they don’t give you any training to help you accomplish your goal. I wouldn’t expect them to since the only way they can make money is for you to fail.
That doesn’t necessarily mean they want you to fail. If everyone failed, no one would make money and if no one made money, people would stop joining. Think of them as a fitness casino.
They won’t train you, but they do provide you with tools that make tracking your progress easier.
The first thing you see when you log in is a reminder of your start date, your final weigh-in date, and the amount of weight you have to lose.
Scroll down a little and you see a chart and detailed stats that let you know if you’re on track. (See the picture to the right.)
I’ve gotten the best results using the weight loss strategy of Eat Stop Eat.
Healthy Wage Support
They respond quickly by email. The email address for support is info@healthywage.com or you can call them at (888) 636-3832.
Healthywage and Healthy Wage Challenge Prices
$10,000 is the maximum amount of money that you can win. It’s all relative to how much money you wager.
You can go as high as you want, but the minimum has to average at least $10 per month and the total has to add up to at least $100.
For example, when I joined Healthy Wage, I bet $12 per month for 9 months, which adds up to $108.
You get the option to pay month to month or all of it in one lump sum. I recommend you pay it all in one lump sum so you’re not tempted to cancel when you feel challenged.
Keep in mind that there aren’t any refunds though. If you change your mind for whatever reason, you’re not getting anything back. I love it because it helps discourage people from quitting.
My Final Opinion of what HealthyWage and the Healthy Wage Challenge are About
I highly recommend it, but not without a warning. The more aggressive your wager, the higher the reward for completing it.
Be careful not to get over ambitious when enrolling. You don’t want to set yourself up for failure.
A good wager is between 1-2 pounds per week spread out over whatever time frame you choose.
Anything more than that and you’re going to make things unnecessarily hard for yourself because you’re not giving yourself time to break old habits, fight through plateaus, and educate yourself on everything you need to know.
Healthy Wage knows this. That’s why they tempt you with higher profits when you make an aggressive wager.
Not that there’s anything wrong with that. Business is business, but just know that’s what they’re doing and don’t fall for it.
Yes, you might be able to buy extra time, but it doesn’t increase your winnings so choose wisely from the start. Two pounds maximum; one pound ideally.
FINAL RATING: 8 out of 10
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