Losing weight can be tough. Not many will argue that and I’m sure you agree. So, when the opportunity comes along to make things a bit easier, you’d be well served to jump on it as soon as possible. Now, while there are many ways to do this, one of the best is some kind of incentive.
In fact, “keeping your eye on the money” is a fantastic way to stay motivated and ultimately reach your goals. And wouldn’t you know it… there are actually companies that let you do just that: offer you a financial incentive to drop the pounds.
These “paid to lose” schemes are clever competitions that, according to studies, actually work in getting people fit. In other words, if you need to get in shape, you’d be well served by signing up.
With this in mind, this article will quickly review the top 3 “paid to lose weight” websites so you can pick and choose the one best suited for you. Let’s begin…
The first one is HealthyWage.com. It has a few different challenges including:
- The 10% challenge. Bet $100 and win $200 if you lose 10% of your bodyweight in 6 months.
- Next there’s the BMI challenge. Bet $300 and win $1,000 if you get under a BMI of 25 in a year.
- And finally, you have the Matchup. Join a team of 5 for $25/month and enter a 3-month competition to win 1 of 3 different prizes. First prize is $10K, second is $5K, and third is $3K.
Regardless of which one you decide to go with based on your goals and risk-tolerance, you’ll receive an initial assessment. Based on this, the service will make specific recommendations on which diet and exercise program to choose.
Next, we have DietBets.com. In contrast to Healthy Wage, this is exclusively a group competition. Essentially, it’s a 28-day game where you bet a certain amount of money that goes into the pot. At the end, whoever has lost at least 4% of their bodyweight gets to split the pot.
Quite a simple concept if you think about it. It’s also a great way to make some quick cash while getting fit. According to their website, 90% of people participating go on to lose weight. Furthermore, the average loss is 9 pounds.
The last site to consider is HealthRally.com. Now, this service is perfect if you need a lot of people behind you to get and stay motivated. Essentially, you commit to a goal online and then invite your friends and family to support you. They can also sponsor you financially for an even greater incentive.
This is the epitome of Cialdini’s commitment and consistency principle which states, “If people commit, orally or in writing, to an idea or goal, they are more likely to honor that commitment because of establishing that idea or goal as being congruent with their self image”. As far as I’m concerned, it’s a fantastic way to reach your goals.
And that does it for our reviews. Now, while the premise of the 3 services is essentially the same (i.e. financial motivation for weight loss) all of them offer something unique for everyone.
To recap: if goal setting works for you but you prefer privacy for getting things done, HealthyWage.com is right up your alley. In contrast, if you need your social circle to keep you motivated, HealthRally.com is what you’re looking for. Finally, if you’re a true sport and thrive on competition, stick to DietBets.com.