Money Score is to your own money what Credit Score is to the borrowed money (loans). A typical Millennial in the US has 8 times as much money in assets as in liabilities (debt). So, if you care about your credit score, you should care 8 times as much about Money Score.
@dr_m_k_kavitha_devi Right now we have launched it for the US market. You can still try it as wealth management skills are the same across the world. Think of it like a Credit Score. The Credit score is for the banks to determine how likely you are to return the borrowed money. But Money Score is for yourself to assess how well you manage your own money.
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@thiru_malai Thank You Thiru. Clear explanation. How I can know my Money Score. Is there any demo video or manual to find?
@siddhant_jain11 yes, you can connect your portfolio and get even more precise score. You will also get get ideas on how to optimize your portfolio after connecting it.
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Great product. Helps me understand where I stand in terms financial health. It really is a better measure of finance than credit score. Money score seems much more holistic than credit score.
Americans have $25 in money (assets) for $1 in credit (liabilities), not including real estate. Thatβs why we created Money Score to be at least 25 times more impactful to your finances than the credit score.
Money Score accurately measures:
1οΈβ£ Saving & spending habits. π°
2οΈβ£ Investing skills in stocks, real estate etc. π
3οΈβ£ Knowledge of economics and finance. π΅οΈββοΈ
4οΈβ£ Ability to scope and manage risk, debt etc. π
π― Money Score measures how well you manage your own money.
But, your credit score measures only one thing:
1οΈβ£ Are you going to make or lose money for the bank? πΈπ¦
β A higher credit score means you are a good bet for banks to lend money and you are quite likely to return that money with interest. Credit score was created by the banks and for the banks. You and I are merely carrying this burden to ensure their profits are predictable.
Hereβs just one example how a high money score is so impactful:
π΅ With a high Money Score, your 401k portfolio of $500,000 could return up to 3%, or $15,000, more per year**.
π€¦ββοΈ For a $20,000 car loan, a high credit score saves you around 3%, or around $600, per year.
π You should obsess about your Money Score at least 25 times more than your credit score. π
π Get your Money Score for FREE at https://www.xillion.co/products/.... π
π We also help you improve your money score so you can reach financial independence sooner.
π Launch your Financial Freedom with the Money Score today for FREE. π
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