VELOCITY BANKING 4 STEPS BEFORE YOU BEGIN

God bless you thank u so kindly...keep going we appreciate you very much!

Denzel, Vanntastic and Darnel? Are great teachers too!

I had just enough information to be dangerous , didn’t know about paying my credit card right away I thought if I paid it by due date full amount I’m not charged interest,,or planning the dates income out,and income in . Thank- you for this video .

So if I have rentals plus home , I had everything all separate so I’m now trying to put it all together to figure out my cash flow , however what happens if your bills change like gas Hydro ect…

Can you pay your mortgage payment with the heloc card?

Great Explanation

Thank you for teaching this vital information!

Why not just use your income to pay the debt and expenses? Seems like the HELOC is more like a middle man or an unnecessary step.

If you dump you paycheck into your heloc every time before interest hits, I have heard that some lenders will freeze or cancel it since they don't make any money. Is that true? Is it maybe good to allow the interest to hit every so often just to avoid that scenario?

Very good, helpful information, thank you. At least now I know what's needed to do this

Hi Guy! 😉 Is it possible to do Velocity Banking by just depositing your monthly cash flow only into your HELOC? Also, You said to figure out a time when you have the most income to transfer. How do you do that if you get paid twice monthly? Thank you. This video was so helpful. I am in the process of qualifying for a HELOC.

I was a skeptic, BIGTIME...
I created a spreadsheet to simulate the results... and the results of this technique are AMAZING.
I have gone from "no way to retire" all of the way to "I get to retire in 7 years!"
This is LIFE CHANGING!!!

Thanks for this information. What amount of a PLOC or available CC credit is needed to get this started? I thought it would be equal to the amount we need to pay and live on monthly plus a cushion. I'm trying to figure out, step by step how to implement this. I plan to start VB in one month or sooner. I know my numbers. Thank you, L

So, what’s to say the bank won’t freeze or resend the option to draw from the HELOC while we’re dumping all of our income into it? What are we to do about our bills then?

In my opinion velocity banking should never be attempted if your HELOC, PLOC, LOC and CC rates are not prime rate or lower.
It's extremely rare to get HELOC, PLOC, LOC at prime rate or lower as it's only offered to people with the best credit score (around 890+ out of 900) maintained over many many years. HELOC, PLOC and LOC are simple interest, CCs are compound interest (the worse) and never at prime rate. Even at prime rates Velocity banking is not for the faint hearted, undisciplined and bad with the money / credit people (typically already in trouble) .. they can get in worse trouble than the one they started to fix with their debt / credit situation. Actually if you do this badly on a HELOC you can lose your home since HELOC is secured against your home.

Well done thank you

That was excellent! Thanks.

Sir, I’m so blessed to have stumbled upon your video. This is THE most detailed instructions that I’ve been needing to walk me through HOW to implement this strategy. So much info out there and while it was good, it was very overwhelming. Thank you for breaking this down for all of us in such a detailed, organized, and practical manner. Newly subbed! Will need to have you as my coach! ❤❤❤

Thank you so very much! You are a very good teacher❤️

Great explanation of Velocity Banking. I immediately understood the process whereas watching a different video prior had me very confused. Kudos!

Super valuable. Thank you.

Great video . Very good explanation. Just wish you would do it with writing/ visual. Nothing beats illustration, even simple ones, by your own hands.

Awesome. 😃😃😃

Very good video. Easy to understand. I will watch more of your videos. Thanks for sharing.

Merci

Why put my 5000 a month in HELOC then pay out 3500 why not just put 1500 a month in heloc and the other 3500 in check account to pay billi

Nobody offers a personal line of credit anymore...

Love the content, I have just subscribed to your channel. I have been doing research on velocity banking, my question is my credit is great I don't have a large amount of debt but I want to apply for a PLOC and get a certain amount. I don't want to bring my credit score down from a 832 if I cant get the amount i am looking for. Can you give any suggestions on going about doing this?. I don't mind it hitting my credit score if it is what I need. Sort of a pre approval?

I dont understand....so if you need to move your pay to line of credit same day, why cant you use your pay to pay the loans instead ? 🤔

Thank you!

@theapprovedguy I am using 4 checking accounts for incoming and outgoing do you recommend moving to a single checking account for all income/expenses as part of the preparation ?

Awesome information!

Great and very informative content. I truly appreciate the valuable service that you are providing.

I’m wondering if this is the strategy that debt consolidation lenders use to decrease your debt for a fee 🤔

Thank you for sharing, very informative, endless blessings

what if you don't have cash flow and live paycheck to paycheck?

When using a cc for velocity banking, would I use an almost maxed out cc or a cc with no balance. Or does it matter?

I need more information about a coach to help me with credit and how to use velocity banking

1.5 speed

Can you please simplify to basics

You are a good coach. I was a learner too back in 2019 and paid 499$ TO Denzel. Now I am a practitioner of Velocity Banking as well infinite banking concept or be your own bank. More power and keep charging assisting those who needs it. GB.

I would like to see if I am a fit for this how can I get an appointment with you

I guess I'm lost. Why use a heloc instead of just using your salary to pay monthly debts?