[HN Gopher] Show HN: We optimize your finances, for free - Upris...
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Show HN: We optimize your finances, for free - Uprise.us
Author : cgoodmac
Score : 39 points
Date : 2022-05-13 18:08 UTC (4 hours ago)
(HTM) web link (uprise.us)
(TXT) w3m dump (uprise.us)
| as1729 wrote:
| As someone that makes decent tech money, but not enough to afford
| or make use of a dedicated financial advisor-- I found Uprise to
| be super helpful. I received a personalized game-plan for how to
| manage all my various types of investments (stock-options,
| crypto, mortgage, 401k, etc). The advice mostly laid out the
| risks and did not feel overly prescriptive.
|
| In my ideal world the service would take the next step of
| automatically re-arranging my finances based on the
| recommendations with my consent. Example: if the recommendation
| is to reduce exposure to crypto, then once I sign-off on it, the
| money is rebalanced and put into an IRA.
|
| Overall love the direction of the product and excited to see how
| this product evolves!
| cgoodmac wrote:
| Thanks for the compliment - so glad we hit the mark!
|
| This is exactly the direction we're taking the product - not
| just advice but full-on implementation and management - the
| control panel for your financial life.
|
| For example, if there a credit card that's better for you based
| on your spending patterns we'll alert you and let you switch
| over and link in one click.
| cgoodmac wrote:
| Co-founder here - excited to get feedback!
|
| We look at your entire financial picture for free and tell you
| exactly what to do with your money: which credit card to use; how
| much to save and where to invest it; how to optimize your taxes,
| and so on. We've fairly conservatively found an average $1.5M in
| net worth for our users so far.
|
| We wanted to finally solve personal finance and we think we have
| the right approach: combining really powerful automation and
| tooling with a human expert in the loop to make sure our
| recommendations are actually good.
|
| Note: we're US only for now and focused on single young
| professionals - we're optimized for this base case - so if you're
| married/with kids you'll get a notice that we'll reach out to you
| as soon as we can serve you. (Sorry! We're going as fast as we
| can!)
|
| Please write in "Hacker News" for "How did you hear about us?"
| and that will automatically bump you to the front of the
| waitlist. We're scaling up, so if you do this, we should be able
| to get to you pretty quickly (depending on demand).
|
| Feel free to send feedback/questions here! chris@uprise.us
| aleksiy123 wrote:
| Any plans to be available in Canada? I was just thinking my
| finances are a mess.
| cgoodmac wrote:
| NEVER!
|
| Jk this is coming up surprisingly often - we'll make it happen
| as soon as we can - if you add your name to the list we can
| keep you posted!
| [deleted]
| kadoban wrote:
| That privacy policy is long, and far more of it than I'd prefer
| is listing people you can and will share my data with.
|
| > We intend to sustain our business by getting paid when
| customers sign up for financial products we recommend. That said,
| this will never impact our advice to you. We won't push products
| we don't think you need.
|
| That's a good goal. That's pretty easy to say though, harder to
| do. I prefer when a company's incentives are more aligned with my
| own though.
| cgoodmac wrote:
| 100% it's hard to do. We're looking at Wirecutter as a great
| example of a company that does this well.
|
| We want to remove the barrier of entry for everyone to get
| access to financial optimization and we think this is the best
| way we can.
|
| We're really committed to providing the best recommendations
| regardless of commission and we've love to prove it to you if
| you'd be up for trying us out!
| CarlosD wrote:
| Whats one thing that generally surprises people the most about
| their finances?
|
| Also, I have alot of friends who dont put much thought into their
| finances. Is there a way for me, as their friend, to put in
| general/non-personal info about my friends and send them a
| summary of deals/credit/cards/savings/etc they're missing out on?
| cgoodmac wrote:
| Thanks for the comment!
|
| Re: surpises: I think the #1 thing is that we can find
| optimizations for EVERYONE. Like even people who think they've
| got everything in place, we can find significant
| tweaks/improvements.
|
| It's the difference between keeping it all in your head vs.
| having a database of all the best financial products out there
| applied to your situation.
|
| Re: friends - just send them over to us! The magic really
| happens when we can get a complete picture of someone (which
| doesn't take too long - the form is about 15 mins), that way
| we're giving them truly the best recommendations.
|
| For example, people have come to us saying, "Where should I
| invest?" not understanding that they're in high-interest debt
| and should really focus on getting out of debt vs. trying to
| figure out what crypto platform to use.
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