As the co-founder and CEO of WealthyLife., Angel Rich has plans to transform the world of financial literacy creating equity between the haves and have-nots with her new gamified instructional app which aims to help individuals become financially savvy.
Black Enterprise caught up with Rich and reports:
We caught up with the budding CEO as she discussed the WealthyLife brand, how she was able to grow her user base for the CreditStacker product so quickly (she asserts it hit 200,000+ users in two weeks), and what it’s like for her to be a black female entrepreneur.
Why did you decide to start WealthyLife?
The idea came to me during my senior year at Hampton University, after the case competition team I was on won a Goldman Sachs Stock Portfolio Challenge. Our team won with the algorithm I developed, that resulted in a net portfolio gain of 2% when the market tanked in 2008. I then asked myself, how would anyone figure this out? It occurred to me that there needed to be some type of way where people can live out their financial life without the risk of losing their money. Why not practice with games, and gain those financial literacy skills—basic and advanced?
Growing up in the inner city of Washington, D.C., I was fortunate to learn the basics of generational wealth and financial literacy. My team and I want to make that a reality for everyone and help reduce global poverty and create generational wealth through our games.
How does the CreditStacker Saga game work?
CreditStacker (patent pending) is a match-three education technology game app that teaches high school students and up, how to manage and interpret credit reports. Users must swap credit types to pay off debt, achieve a high credit score, and learn from the adaptive multiple-choice questions
CreditStacker surpasses all other financial education offerings by reducing financial apprehension and increasing financial literacy retention via fun, evidenced-based gamification. CreditStacker is the only credit education technology game available internationally via a mobile app and supported by evidenced-based content and custom data analytics. Continue reading here
Continued success to the remarkable, Angela Rich!
Tags: Angela Rich, wealthylifers, wealthylife, creditstacker, gamification, technology, gamified