The Wealth Pool

Nice! Especially love the idea of comparing yourself to cohorts! Super hard to find that data elsewhere.

Very smart, thanks for the explanation @ed_lamark ! :)

Wealth accumulation 🤝 Exploitation of oppressed people

Hi, Product Hunters! I’m Ed, founder of The Wealth Pool. I built The Wealth Pool to empower consumers with easy-to-use, advisor-grade financial planning technology and to empower people to have healthy conversations about money. Existing personal financial management tools… • …are too fragmented: there’s a calculator for every goal (e.g., home/car purchase, retirement, etc.)! • …require too much work (expense tracking and manual categorization): making it hard to measure your financial health quickly • …don’t go deep enough: default categories are too high level to provide actionable insight And in addition to these product challenges, there’s a lot of stigma around talking about money. I mean, have you ever tried to talk to your friends or family about your finances? It’s stressful! And on top of all that, if you’ve ever considered hiring a professional financial advisor or planner, you know it can cost $1000s of dollars! And if you work with them, they’ll likely require you to use their custom personal financial management tool — which suffers from all of the problems listed above! I learned all this the hard way — to the tune of $5000 — for access to my previous financial advisor’s custom software. All of this sucked. From this pain, the Wealth Pool was born. My desire is to help people avoid my experience and to give individuals more confidence, control, and clarity about their current financial health and to plan for an even healthier financial future. ✨ ✨ ✨ ✨ ✨ In addition to providing a best-in-class suite of tools for transaction categorization, expense management and cash flow projections — The Wealth Pool’s unique contribution to the personal financial management genre is the ability to compare your current financial “vitals” with other cohorts that you identify with (age, income, net worth demographics, etc.). Specifically, The Wealth Pool anonymously aggregates data from all other households on the platform and allows you to compare where you’re at in your financial journey — while maintaining your privacy. No one else does this. We’re finding particular interest from gig workers and the new class of creators from the passion economy — as people who are monetizing their social media activities realize that they need more powerful tools to help make sense of their newfound income. As Jay-Z said, “I’m not a businessman, I’m a business, man!” And as that becomes true for more of us — especially many of us in the Product Hunt community — The Wealth Pool will equip us with the necessary tools to move into this emerging economy intelligently. The Wealth Pool is currently available in the US and we are optimized for a desktop experience (given the large amount of information we present). We use bank-level encryption in transit and at rest, and we will never sell your data. 🎊 🎊 🎊 🎊 🎊 To celebrate our launch, we’re offering Product Hunters the best offer we’ve ever made: rather than a mere seven days, we want you to get a sense for the real value of participating in The Wealth Pool. If you sign up before our launch, we’ll give you a full 60 days of our premium service! Just use the access code “PRODUCTHUNT” when signing up or click the “DIVE IN” button here.

Love it. Well done, @ed_lamark!