How to Lose Weight and Make Money Doing It

healthy-wage

Instead of paying others to help you lose weight (you’re still making all the effort yourself while your trainer just looks at you), how about getting paid to lose weight?

That’s the idea behind HealthyWage. I think they meant to say Healthy Wager.

HealthyWage works with researchers to find out what makes people lose weight.

How Does It Work?

Weight Loss Betting at Work

In a major real-world test of financial incentives, HealthyWage was commissioned by Optum Health, a wholly owned subsidiary of United Health Group (one of the largest health insurers in the world) to offer its employees the opportunity to make a weight loss bet.  Participants made a $100 loss bet and had six months to lose ten percent of their weight.  HealthyWage awarded $400 to each successful participant.

As with the academic studies, the results were outstanding.  Among the most impressive stats:  almost 2/3 of male participants achieved the 10% weight loss goal.

 

How Does It Work For You?

There are two ways for you to participate – solo and in a team.

When going for the Solo option, you set the amount of weight you want to lose and when you intend to lose the weight by and also set a monthly wager. For example, as shown below, you’ve given yourself 12 months to lose 100 pounds at a cost of $50 per month or $600 per year with a potential return of $1454 – $1743 with the higher wage being the prize money if you reached your goal quicker.

HealthyWageSolo

On the other hand, HealthyWage also has its team event. You get your friends together and try to lose as much weight a possible. The price money for the team event is a massive $10,000! Yes, that’s not a typo. The weight loss is counted as a percentage loss compared to when you start as teams size can vary and comparing y percentage is the only way to make it fair.

HealthyWageTeam

Check out their website – HealthyWage.com for more information.

Instead of paying people to lose weight, this is a chance to get some money for improving your health!

World’s Most Advance Activity Tracker

In my search for the latest activity tracker, I came across an activity tracker from a surprising company – Microsoft. Microsoft released it’s Microsoft Band activity tracker that really does quite a bit.

The reason I call it the world’s most advance activity tracker is because its the only tracker I have see thus far with 10 sensors! The Band is equipped with the following sensors:

  •  Optical heart rate sensor
  • 3-axis accelerometer/gyro
  • Gyrometer
  • GPS
  • Ambient light sensor
  • Skin temperature sensor
  • UV sensor
  • Capacitive senor
  • Galavnic skin response
  • Microphone

microsoft-band-4

 

The Band does everything an activity tracker is supposed to, like monitoring your heart rate, tracking the distance you walk and run via the built-in GPS, tracks your calorie usage (and “high-fives” you when you reach your calorie goals), monitors your sleep cycle, provides you with fun and challenging guided workouts, sets performance goals for yourself and slowly increases them based on your performance and for all those of you in Australia, the Band measures the UV index while you’re out having fun.

In addition to these typical activity tracker features, Microsoft Band also syncs with your mobile phone to relay text messages, incoming calls and voicemails. Microsoft Band also syncs with your Calendar, Email, Facebook, Twitter, the weather and finance stocks.

An interesting feature of the Band is that it works with Apple, Android and Windows mobile phones. And if you’re using Windows Phone 8.1, you can take notes and set reminders with your voice using Cortana personal assistant.

Watch the Microsoft Band in action.

You can get the Band online.