Yes, you read that correctly! I recently earned money simply by working toward a long-term health goal. In fact, it only took a month to double my money, simply by losing weight!
How I Reached My Goals With A Simple Bet
I am referring to a “diet bet”. This is where you “buy in” to a game with a group of people, and then you all try to reach the same weight loss goal. The basic (and original) goal is to lose 4% of your weight in 4 weeks. That’s not as hard as it sounds…if you are 300lbs, you only have to lose 12lbs in that period (something that is safe and doable at that size). If you are 250lbs, then your goal is to be 240 once the 4 weeks is up.
The person who set up the bet chooses how much money each person has to put in. After the bet is over, everyone who met the goal splits the pot and those who didn’t, get nothing. So this is definitely a challenge where it is all up to you. You don’t have to worry about anyone “cheating” or going up against someone who is doing amazing on their weight loss journey; If you hit your 4% goal, you win, no matter what anyone else does.
I love this format because it helps to develop a level of teamwork and encouragement, while still setting it up as a competition. Everyone was encouraging each other and trying to offer ideas and motivation throughout the challenge!
The Results Of Our Diet Bet
For the bet that I set up through the Renew Show (here is a link to the final bet results), the buy in was $25. There were 40 people who entered, making the pot $1,000! There were 15 of us who hit our goals, 24 who fell short, and 1 who dropped out. From this, the 15 winners were able to each take home $50!
All I had to do was work toward my goal and I was able to double my money in 28 days! This is actually a great investment because it gives you more incentive/motivation to develop and/or continue healthy habits, while giving you a chance to earn money in the process.
You are able to be in 3 bets at once, so if everything turned out the same in each one, I could have turned $75 into $150! This was the 3rd time that I have done something like this, and I definitely think it is a great way to add some excitement and accountability to a long-term weight loss journey, especially when done back to back (which I have yet to do).
If you have any questions about how the diet bet works, or if you think you will want to join one in the near future, leave a comment below.
© 2014, Khaleef “Fat Guy” Crumbley. All rights reserved.