What is Money Score?
Co-Authored and Reviewed by Gagan Sandhu, MBA - The University of Chicago Booth School of Business, CEO of Xillion
Posted on . 2 min read
Americans have $25 in money (assets) for $1 in credit (liabilities). That’s why we created Money Score to be at least 25 times more impactful to your finances than the credit score.
Money Score accurately measures:
1️ Saving & spending habits. 💰
2️ Investing skills in stocks, real estate etc. 📈
3️ Knowledge of economics and finance. 🕵️♀️
4️ Ability to scope and manage risk, debt etc. 🛑
🎯 Money Score measures how well you manage your own money.
But, your credit score measures only one thing:
1️ Are you going to make or lose money for the bank? 💸🏦
❎ 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.
Here’s just one example how a high money score is so impactful:
💵 With a high Money Score, your 401k portfolio of $500,000 could return up to 3%, or $15,000, more per year**.
🤦♂️ For a $20,000 car loan, a high credit score saves you around 3%, or around $600, per year.
🔑 You should obsess about your Money Score at least 25 times more than your credit score. 🔑
🚀🚀 Get your Money Score for FREE at Xillion Money Score 🚀🚀
🏁 We also help you improve your money score so you can reach financial independence sooner. Launch your Financial Freedom with the Money Score today for FREE.