Extra income? Be a human guinea pig
It sounds creepy, but some people recommend it.
True confession: We made some extra money in college by drinking a prodigious amount of vodka in a hospital setting. By participating in this study, we earned $200, or maybe it was 50 bucks. (The memory was probably damaged by all the brain cells we killed.)
Have you ever helped the cause of science to make extra cash? Several bloggers wrote recently that they have.
Hank of Own The Dollar, guest posting at Budget Are Sexy, said he made a quick $40 by participating in a study about vaccines. "I was given the money for about 30 minutes of my time, a brief medical questionnaire, and five small vials of blood. Not bad for a half hour’s worth of 'work,'" he wrote.
Andy Hough at Tight Fisted Miser has more scoop on clinical trials. "I've done at least a dozen medical studies and for most of them I have felt no effects at all," he wrote. "The exceptions were one drug that gave me a headache and a sleeping pill which (not surprisingly) put me to sleep."
Hank also described several ways to make money by selling body parts, like plasma, eggs or sperm. Unappealing? Maybe a clinical trial is more up your alley. Hank wrote:
You can get paid to participate in studies for things such as sleep deprivation, time isolation, alcohol, caffeine, nicotine studies, exercise, diet and nutrition studies, psychology studies, the list goes on and on.
Of course there are drawbacks in all of these possibilities, readers pointed out:
- Some procedures, like donating eggs or sperm, require lots of time, screening and paperwork. As an article at MSN Money said, "It's far easier to get a date than a sperm-donor card. About 95% of men who apply don't make the cut." Plus there's a psychological hurdle we would find difficult. (We won’t even discuss the black market in kidneys.)
- You may not get paid if you don't see it through to the end. "A friend of mine signed up for a study on PMS and different remedies, but she went through such horrible mood swings she couldn't finish with the testing. Thus she wasn't paid," Budgets Are Sexy reader "MK" said. Find out before you take the leap.
- Could there be insurance complications later on? That's probably worth investigating as well. Reader Ashley said it happened to friends of hers. "Their insurers have attempted to use their experiment participation as a 'pre-existing condition' to remove their liability for covering medical costs later on down the line," she wrote.
Clinical trials can be found at ClinicalTrials.gov, a Web site of the National Institutes of Health. Note: Many of the studies listed there don’t accept healthy volunteers. Andy also recommended GPGP.net.
What do you think? We suspect we’d have to be in dire straits before we subjected our body to this.
Published Oct. 6, 2009
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
ABOUT SMART SPENDING
LATEST BLOG POSTS
If you worry about money after the streetlights come on, these actions may help you rest easier.
VIDEO ON MSN MONEY
BLOGS WE LIKE
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'