Your credit score is not a measure of your wealth. It's a measure of your profitability to the bank.
Most people think their FICO score is an ancient, moral judgment of their character. In reality, it was invented in 1989 to standardize risk, and today, it acts as an invisible tax on the poor. If you have a 620 score instead of a 760 score, you aren't just paying a little more interest—you are paying a "Poverty Premium" that can add up to over $250,000 over your lifetime.
In this video, we break down the brutal math of credit scores in 2025. We look at how a simple 3-digit number determines not just your mortgage rate, but your car insurance premiums, your ability to rent an apartment, and even your job prospects.
In this video, we cover:
The History of the Scam: Why FICO was invented in 1989. The Mortgage Gap: Calculating the $100,000+ difference between "Fair" and "Excellent" credit. The Insurance Trap: Why safe drivers with bad credit pay double. The Algorithm Explained: Utilization, Payment History, and the "Authorized User" hack rich people use. Why It Punishes Cash: Why paying off a loan actually drops your score. How to Hack It: Strategies to raise your score without paying interest. It’s time to stop fearing the score and start manipulating the algorithm to save your money.
Disclaimer: I am not a financial advisor. This video is for educational and entertainment purposes only.
