Wealth Challenge

Wealth Challenge

Overview

Wealth is traditionally thought of as an abundance of money, but that’s not necessarily the case. To be wealthy is to be financially well, and this differs for every person as financial well-being is a state in which a person can fully meet current and ongoing financial obligations, feel secure in their financial future, and be able to make choices that allow them to enjoy of life. This looks different for everyone! Through educational videos and encouragement of practical exercises, this challenge helps participants learn how to sharpen their skills for managing finances to reduce related stressors and achieve a positive state of financial well-being.

In addition to providing education about the importance and many benefits of financial well-being, this four- to six-week challenge offers six unique Wealth Exercises to help participants make smart monetary choices now and in the future.

Ways To Earn Wellable Points

Walking & Running Cycling Other Fitness Activities Wealth Exercises

Recommended Reward Structure

Individual

Individual

For each Wealth Exercise a participant practices, they will be entered into a raffle to win a reward. Grand prizes will also be awarded at the end of the challenge to three participants using a Wellable Points-based raffle where each Wellable Point earned equals one entry into the raffle.

The raffle structure helps stretch a rewards budget for maximum impact by encouraging participation throughout the challenge, as the odds of winning a prize increases with the more Wealth Exercises a participant practices and with the more Wellable Points a participant earns.

Frequently Asked Questions

How do participants earn Wellable Points for walking and running?

Wellable Points can be earned by tracking distance traveled from walking and running through one of Wellable’s partner apps or by manually logging these activities in a Wellable User Account.

How do participants earn Wellable Points for cycling?

Wellable Points can be earned by tracking distance traveled from cycling through one of Wellable’s partner apps or by manually logging these activities in a Wellable User Account.

How do participants earn Wellable Points for other fitness activities?

Wellable Points can be earned by tracking other fitness activities, such as yoga, aerobics, and weightlifting, through one of Wellable’s partner apps or by manually logging these activities in a Wellable User Account.

What are Wealth Exercises?

During the challenge, participants are encouraged to practice six unique Wealth Exercises, each of which are designed to help participants learn how to sharpen their skills for managing finances to reduce related stressors and achieve a positive state of financial well-being. Participants will earn Wellable Points after logging the completion of each Wealth Exercise. Each Wealth Exercise can be logged for Wellable Points once during the challenge but can be practiced as often as the participant would like. The six Wealth Exercises are:
      Money Memories
      Cash Flow
      Goal Setting
      Emergency Fund
      50/20/30 Budget
      Credit Score