Make Hundreds of Dollars by Working Out
Last week, I spent over 2,000 words demonstrating to you that not getting in shape can cost you a pretty penny. In fact, it can cost you lots of pennies; my conservative analysis showed that you can increase your medical spending by close to $60,000 if you’re not careful about taking care of yourself.
This week, however, is going to put a more positive spin on things. Instead of talking about all the money you’re going to lose because you’re carrying a little too much junk in your… wherever, today we’ll be talking about how much money you can “earn” when you DO go to the gym.
So without further ado, here’s how you can not only look and feel better, but also earn yourself some cash while workin’ on yo’ fidness.
Getting some definition(s)…
Before we start talking about how much money you save on medical expenses because of hitting the gym, we need to make sure we’re on the same page with some definitions, and some national averages.
Overweight – Believe it or not, being “overweight” isn’t just the nice way of describing your overly sensitive uncle while at family gatherings. Overweight is defined as having a BMI of between 25 – 29. Now, that doesn’t necessarily mean that people with a BMI of 25 are going to have a body fat percentage of 25%, but overweight means you’ve got some fat to lose.
Obese – No, this doesn’t mean that you only wear sweatpants or that you break into hives when you see a treadmill. Technically, the definition of obese simply means that your BMI is over 30. Not that your body fat percentage is 30%; that’s a different beast altogether.
Let’s talk averages…
So obviously everyone’s body is different. Some people lose weight easily, some don’t, some have the metabolism of a shrew (you bastards). But for the sake of argument, and the fact that I would write a book with all the different examples, we’re just going to use the average size of men and women in the US.
Now for men, the average height is going to run right around 5’10”. Well, in the U.S. at least. That means that according to a chart from medical news today, in order to be a normal weight, you should weigh right around 132 – 167 lbs. Let’s say 160, for men. Being overweight strikes at weights around 190, and obesity hits right around 240. Now these are numbers in the middle of ranges, but they’re good just for arguments sake.
Now, the average height for women in the U.S. is 5’4″. That means that a normal weight is somewhere between 110, and 140 lbs. Why don’t we say 120, just to be safe. That means that the typical American woman is overweight at 150 pounds, and obese at 185. Again, these aren’t perfect numbers, but they’re all based on the table found here.
Final assumptions, then we get to the numbers…
Let’s take an example of a guy, let’s name him Fred, and a girl, named Sophie. Now, Fred would be at a normal weight at 160, and Sophie would be at a normal weight at 120. However, Fred has packed on quite a bit of weight since his high school cross country days, and Sophie doesn’t swim nearly as much as she used to. Fred weighs in at a comfortable 200 pounds, and Sophie has hit the dreaded 170 number. They’re both of average height.
Now let’s assume that the $58,811 from last week is evenly distributed over each pound that Fred and Sophie are overweight. That’s probably not true, as it’s easier to lose 1 pound when you’re at 200 pounds than when you’re at 150, but let’s just assume it because it makes the math easier.
That would mean that for every pound Fred loses, he saves $1,470.28 in medical expenses over the course of his life. For Sophie, the amount she saves per pound lost is $1,176.22.
Okay, so what does it take to lose a pound?
Oddly enough, this is something that science has pretty much nailed down. You’d have to burn 3,500 calories in order to burn one pound of fat. Which is pretty much the only thing you’d want to burn off your body.
It’s pretty well established that if you’ve found a way to create a caloric deficit of 500 calories per day, that you’ll lose about one pound per week. According to everything I’ve ever read (and my dietician friend from Cornell), losing roughly one pound per week is a pretty safe rate of weight loss.
So, if we make our way back to our dear friends Fred and Sophie, if they were to lose one pound a week, they’d save roughly $1,500 and $1,200 respectively on future medical expenses.
Which means that there is a way to calculate how much they would save per calorie burned. After all, all those hours on the treadmill could add up to some serious savings.
How much, you ask?
Well, let’s check that out…
Fred – $1,470.28 per pound
At a jolly 200 pounds, Fred would literally save this much after 20 minutes, given the respective activity:
- Jogging at 5 mph – 242 calories burned. Savings = $101.66
- Jogging at 6 mph – 302 calories burned. Savings = 126.86
- Skateboarding – 151 calories burned. Savings = $63.43
- Downhill Skiing – 181 calories burned. Savings = $76.03
- Soccer (casual, not that Cristiano Ronaldo shit) – 212 calories burned. Savings = $89.06
- Swimming (easy) – 91 calories burned. Savings = $38.23
- Tennis (general) – 212 calories burned. Savings = $89.06
- Basketball (game) – 242 calories burned. Savings = 101.66
And that’s just for 20 minutes of activity! You could literally save hundreds of dollars if you just let that exercise be your caloric deficit! HUNDREDS OF DOLLARS!!! AND YOU GET TO LIVE LONGER!!! AND HAVE A SIX PACK!!! AND HAVE AWESOME SEX WITH WHOEVER!!! CUZ WE DON’T JUDGE LIFESTYLE CHOICES HERE AT TCTR!!!
Sophie – $1,176.22 per pound
Remember, Sophie’s at a comfortable 170 pounds…
- Jogging at 5 mph – 206 calories burned. Savings = $69.23
- Jogging at 6 mph – 257 calories burned. Savings = $86.37
- Skateboarding – 129 calories burned. Savings = $43.35
- Downhill Skiing – 154 calories burned. Savings = $51.75
- Soccer (casual, not that Hope Solo shit) – 180 calories burned. Savings = $60.49
- Swimming (easy) – 77 calories burned. Savings = $25.88
- Tennis (general) – 180 calories burned. Savings = $60.49
- Basketball (game) – 206 calories burned. Savings = $69.23
So none of these cracked the three figure mark, but if Sophie wanted to “save” more money by working out, she could literally just workout more. That’s all it would take.
Things to bear in mind:
First, this only works if you’re overweight. Clearly it’s harder for someone who’s 150 pounds to lose a pound than it is for someone who’s 200 pounds. So while these values work as a good gauge, the first pounds are a lot easier to take off, because they require less activity on your part.
Second, these are just rough examples. For example, I’m 6’1, and 215 pounds. That means I’ve got some weight to lose, but it’s a different situation since I’m a different weight and taller. All you need to do is use this chart, figure out how much you need to lose in order to get down to normal weight, divide the weight loss needed into $58,811. Then take the calories burned during the activity, divide by 3500, and multiply that by your “dollars per pound number” from the previous step.
… And there you have it! The amount of money you saved by working out!
Finally, keep in mind that you might very well be more at risk for some medical issues than others. Your genetics might predispose you to high blood pressure, which would mean that you would benefit MORE from these exercises.
Make Hundreds of Dollars by Working Out – The Wrap Up
There was an article I wrote a while ago about how much you make per hour when you just take a few minutes out of your day to make sure that you’re getting the best deal on whatever it is you’re looking to buy.
This article takes a solid 2nd place as far as the “earnings per hour” trophy goes.
So remember, because there are so many risks that come along with weight gain, that means that there are lots of advantages to losing that weight. And depending on how quickly your freshman 15 turned into the fatherly 50, you could save hundreds in medical costs EVERY TIME YOU GO TO THE GYM.
I wish there was something that I could do that would help me earn hundreds every time I did it… that didn’t involve me dancing in revealing glitter clothing to 40 year old women trying to relive their 20’s…
Have YOU ever thought about how much money you save by working out? Or have you only ever considered the physical advantages, like having a reason to strut on the beach or flexing your pecs to get attention? Is there anything else you could do that would save you hundreds?… that doesn’t involve dancing on a pole?…. Comment below!
For more from The Code To Riches, check out:
- The Seven Steps to Avoid Being a Money Moron
- The 7 Vegetarian Meals That Are Saving My Budget
- How Much Is Half A Million Dollars?
- The 10 Best Finance Books Money Can Buy
- 9 Credit Score Hacks You Must Know
- Why I Never Want To Retire
- The Laziest Way to Riches – Investing In Index Funds
- Budgeting Basics – Allocating $$$ Like A Boss
- Fuck You, Frugality
- Why A Million Budgeting Tips Will Never Be Enough
Keep trying to crack the code,
Paul AndrewsFollow me on social media!