Weight Loss Challenge for Money Rewards as Motivation WORKS! Here are the Research and Success Stories

weight loss challenge for moneyIt’s okay to admit it:

You probably have lots of reasons for wanting to lose weight, but you are struggling to start or continue the journey with your weight loss motivation.

Clear goals are the key to any weight loss success story. But if you’re like most people, you may find that you need motivation to lose weight, and finding motivation to shed pounds can be tough.
The good news is, studies show financial incentives reward can help people to lose weight with stronger will power and determination.

Research on Weight Loss Challenge with Cash Incentives

According to Journal of the American Medical Association (JAMA), research found people who were given financial incentives to lose weight were 5 times more likely to meet their goals than those without cash motivation.

In another weight loss research revealed by Mayo Clinic reported that participants who received cash incentives were more likely to stick with the weight loss program and lost more weight than participants who received no incentives. In this study:

  • All participants were given a common goal of losing 4 pounds per month
  • 26% of people in non-incentive groups met goal with mean weight loss of 2.34 pounds
  • 62% of people in incentive groups met the goal with mean weight loss of 9.08 pounds

Watch the video below from abc NEWS —

You can grab your financial motivation and see how much you can win at HealthyWage, an online platform that motivates individuals or groups to lose weight by letting them place a bet on their own weight loss goal.

Here’s How HealthyWage Works:

1. Visit HealthyWage Website and play around with the prize calculator by entering info like how many pounds you want to lose, how long you will take to reach your goal, and how much you want to bet. The prize calculator will give you an idea of how much you could earn based on your input.

2. Sign up and put monthly bet amount for the duration of weight loss challenge. For instance: Lose 10% of your weight (example: 20 pounds) in 6 months with a monthly bet of $20.

3. Start losing your weight and stay on track throughout the contest.

4. Meet your weight loss goal and win your prize.
This interview in CNN news covers more details about the HealthyWage weight loss challenges with cash prizes, business model of the company HealthyWage, and more.

And Fox News interviewed the participants of this popular HealthyWage Weight Loss Program which has been established since 2009:

Yeah, when most of us love to win money, people hate to lose money too — just as the last interviewee Julian Horowitz in video above.

Assistant Professor Mitesh Patel of the University of Pennsylvania conducted an award-winning study that included loss aversion incentive, in which an escrowed up-front financial reward was decreased each time the employee failed to meet the weight loss performance goals.

This research found that:

“Among overweight obese employees, a wellness incentive designed to leverage loss aversion was significantly more effective for increasing physical activity than alternative incentive designs with the same economic value.”


Weight Loss Success Stories With HealthyWage

Christina Castro, weighed 296 Pounds, found her financial motivation at HealthyWage.

She bet $50 per month for 6 months that she could lose 80 pounds.

Christina crushed her goal, lost 84 pounds and won $1,191!

Check out her inspiring story:

Beverly Bennett bet $50 per month for 6 months that she could lose 50 pounds.

From 226.8 pounds, her journey was challenging and she had to overcome plenty of obstacles.

As you can watch from the video below, motivation level played a key part prior her eventual transformation — without exercise.

In the end, she was rewarded with $1925.71 and a renewed confidence.

And for Alicia, HealthyWage was the “kick in the pants” she needed.

She had a lot of issues with her hip, and her doctor suggested to shed some pounds.

Not only that, there was a project that she wanted to do on her house that needed additional cash.

She bet $100 for 8 months that she would lose 50 pounds.

Watch the video below and see how she made $2,421 doing her personal weight loss challenge.

Ready to get started?

Check out HealthyWage Prize Calculator here and try it to boost your motivation!