What Is Velocity Banking & How It's The FASTEST Way To Pay Off Debt!

Velocity Banking is the FASTEST way to pay down any debts, it works the same whether you have $10,000 in debt or $100,000.

What gives Velocity banking its power is that you are essentially altering how much interest you actually pay on your debts.

When done properly Velocity Banking combined with Dave Ramsey's Avalanche method create a new method called the Railgun Method.

It is with the Railgun Method that my wife and I managed to pay off over $50,000 in just under one years time.

If you have any questions about the Railgun method, or perhaps you need some assistance with the velocity banking system.
Please don't hesitate to reach out with any of your questions, I designed this YouTube channel to be a completely free resource for you to take advantage of, so don't be afraid to use it!

You can also reach me on Facebook and Instagram with the @InvestwithWesley

To use the calculator resource I showed in this video follow the link bellow!

[Nana-vxmt]

I have to say this really works I have put it into practice the last 8 months with awesome success!!!

[garrettpatten]

It seems criminal that this is not explained to you Mind blown. This info may alter my 5 year plan for the better!

[louprentz]

WHAT A GREAT HIGHLY PROFESSIONAL VIDEO, NO CLOWNING AROUND. I APPRECIATE IT.

[tobydobo]

Of all the videos out there, you explain it better than anyone else. I have a 50k HELOC and I will be using a phased approach. First step is to use it to pay off all credit cards and medical bills. I have a 10k zero interest cash back card I will use for bills and expenses. Deposit my paychecks as usual into the HELOC. I will then wait till the HELOC is paid off before I move onto my bigger bills like my personal loans, car and RV.

[irenemanuel]

yes. I’m using my line of credit to hurry up and pay off my car loan😊

[msfaithwarrior]

This is the best explanation I have seen on my five years on knowing and using velocity banking. Kudos brother!!! And thanks for the video. 👍🏻

[sibinski]

Hello. Please explain why you use the term “earn” when referring to interest that you’re being charged and will need to pay. Thank you!

[lilylee]

I got a 50K HEloc 1.99% fixed rate for 6 months. I was wondering if I should set up automatic mortgage payment with HEloc account and pay credit card payment use HEloc account also and I just want to know if I understand the VB works. I called my credit card company to change the due date to end of the month but says only allowed to change to 26th . Please give me a good advice. Thanks.

[SirFoodie]

I would like to do this, unfortunately I don’t own any property. I’m self employed truck driver. I have so many credit cards debts and my truck and trailer payments on different dates. So it’s difficult to set it up.

[msfaithwarrior]

I just got a new HELOC and I noticed it has a route # and an account #. Is it possible to use it with autopay for different expenses? That way you just let it roll and forget about all those monthly bills. Just thinking 🤔

[TheMoneyMaxGuy]

Hi there, is there someone I can speak with about how your program works?

[robdanner]

So, how do you manage the cash setback amount necessary for bills that require cash, such as mortgages, loans and other credit cards while employing these methods? Everything about VB is fairly straightforward except how you're supposed to handle those items relative to the idea of putting all of ones paycheck into a LOC, in my case a large limit CC. Can you provide some guidance on that?

[lampkin]

So would I be applying for a signature loan at a credit union or is there a particular loan I would be applying for...and is their a way to Taylor this loan for velocity banking? What specifically should I be looking for in order to do vb banking?

[jpl]

So the only reason to use a CCard is for the perks? Why not just leave the money in the LOC and take money out when bills are due?

[malimal]

using a heloc, would it make sense to still pay off 1st position mortgage directly from checking account rather than heloc as i don't get any rewards points for the mortgage, additionally, my mortgage rate is slightly higher than heloc, around 1% higher. Additionally, how about credit card balances with 0 interest rate, should i wait till 0 interest rate period is over before transferring to heloc ?

[bsnipes-bpgt]

How do you budget for annual and semiannual payments in velocity banking?

[jpl]

Ive been doing this method. I found that the bills that I can pay with a credit card want to charge a fee. Electric/water/gas/etc.

[dialpropertysolutions]

So if I have a car loan to pay off that I owe 15K on and say I have a line of credit of $500, do I pay the 500 per month from the line of credit and replace the loc with my income? Is that how this vb works?

[johnbeaty]

My situation:
Car loan for $45, 000 @ 4.2 APR
$900 monthly payment.

Monthly income of $4, 800
Mortgage $2, 400
No credit card debt.
Qualify for $140, 000 HELOC @ 8.5 interest rate. if I move the car loan to the HELOC.

What is the best way to get out of this car debt?

Thanks

[stickereddie]

My question is when you use all 10K from the PLOC - the next month you now have the student loan payment again. So how does this work if you're putting all your money back into the PLOC? This is the one thing throwing me off because I have a pretty high balance transfer I can use but this one part is tricky for me 😂