If you have been reading this blog for a while you probably know that I’ve been wanting to lose weight for years, but have never had any success losing weight. I even had a $500 weight loss challenge a few years ago where I promised to give away $500 if I didn’t lose 40 pounds by the end of the year. I didn’t even come close to losing 40 pounds and ended up giving away the $500. Apparently, the fear of losing $500 wasn’t enough to motivate me to lose weight.
Despite my past results I am once again making a bet to motivate myself to lose weight. This time I have upped the ante. Since $500 wasn’t enough to motivate me to lose weight I am now betting $3000 that I will lose 25 pounds in six months. The bet was made with Healthy Wage. I wrote about Healthy Wage a couple years ago. They are a company that allows you to make weight loss bets. If my weight loss bet is a success they will pay me $3600. That would be a profit of $600 for me since the $3000 is just a return of my own money. I’m thinking that the fear of losing money and the reward of winning money will get me to lose weight. Since I had to pay the $3000 upfront I’m also motivated to get my money back.
I’m starting my hike tomorrow which will be my main method for losing weight. I’m thinking that once I have my weight loss jump started by hiking I will be able to continue to lose weight when I return to everyday life. Since I can’t hike forever I do eventually need to get in the habit of eating better and exercising more when I’m at home if I’m going to be successful at losing the weight and keeping it off. I will give updates on my progress (or lack thereof) during the next six months. Check back in six months and hopefully you will be reading a post about me winning this bet.
*** If you are interested in making your own Healthy Wage I’d appreciate it if you would let me refer you to Healthy Wage since I’ll get a $20 bonus for everyone I refer to Healthy Wage. Just leave a comment stating you want a referral email and I’ll send one out as soon as I can. Thanks.
Never heard of Healthy Wage but I will have to check it out. As long as they are legit it sounds like something that would motivate me. Weight Watchers so far isn’t doing it. I keep missing meetings and have nearly stopped tracking what I eat. I think money on the line would be a little more serious.
I’m hoping it works. I’ll let you know how it goes.
I ended up placing my own bet. $600 total to lose 25 pounds in 6 months. My payout is $1023, which is odd since yours as a percentage of the bet is different. Hope we are both successful.
You got a lot better deal than me. I played around with the numbers when I was making the bet and took the best one they offered. Maybe if I would have bet a smaller amount I would have gotten a better percentage.
Keep it up, I know you can do it! I’m trying to lose some weight too, I do jog early in the morning and lessen my carb and meat intake and shift to more vegetables and fruits.
Thanks. Good luck to you as well.
That is the craziest weight loss strategy I’ve ever heard of and I love it! Best of luck. Drink a lot of water, only buy healthy food, eat small quantities often and exercise a lot.
It is pretty crazy, but I think it will work.
I would like a referral! Thanks
Thanks for the interest in the referral. Unfortunately, this is an old post and since my bet has ended I can’t send you a referral.