Velocity Banking Debunked?! Scam?

Prepare to have your financial perspective flipped upside down in our latest video! We're about to challenge common misconceptions and unravel the secrets behind Velocity Banking, a strategy that can turbocharge your path to debt freedom and wealth accumulation. Join us on this enlightening journey as we dig deep into the core principles and tactics, demystifying the hidden gems that most people overlook when it comes to this powerful financial tool.

In this engaging presentation, we'll not only clarify the fundamental concepts of Velocity Banking but also reveal the strategies that can help you make the most of it. Whether you're new to the concept or have dabbled in Velocity Banking before, this video is your opportunity to gain a fresh perspective and unlock the full potential of this game-changing approach. Don't miss out on this eye-opening discussion that could revolutionize the way you approach your finances and set you on a course toward financial freedom. Join us and get ready to discover what EVERYONE gets wrong about Velocity Banking! #VelocityBanking #DebtFreedom #FinancialStrategies #WealthBuilding #MoneyManagement

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**DISCLAIMER** The suggestions, advice, and/or opinions that are given by Sam Kwak and Daniel Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold The Kwak Brothers and its brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based on experience.

[kwaddy]

Well done, Sam! We can testify that this is true. I really appreciate what Accelerated Banking has done for us.

[Maine]

for the past 4 years, i have used the pyramid version to pay off my debt. after 6 months it started to snow ball. and helped a lot, but i had to have total dicipline in my spending. i am gonna enjoy researching this. this is gonna be nice to learn about and glad you did a video. many thanx!

[bfelix]

Can you use velocity banking to pay off all debt, or is it something that works best for mortgages?

[karenthomas]

i want to use velocity banking to pay of my credit cards do you have a calculator for that?

[Travis]

If you are early in the mortgage where most of your payment is interest, VB may help if you are disciplined.

[CDitte]

It's a forced $1k/mo pay down. And you're adding interest w/ a HELOC and credit cards in order to do it?

[kangjin]

Let's say 3.5% mortgage and 6% HELOC. Positive cash flow goes into prepayment to the mortgage vs Velocity banking. Is Velocity banking still faster to pay off debt? I think one of the key components is favorable HELOC interest rate..

[sharlinehill]

Thank you for sharing, very informative endless blessings

[E_Gfree]

What’s the math on adding the LOC interest to the mortgage interest? Because the entire point is to pay less on interest so the math would have to be adding both interest to see what the total interest paid would be over time wouldn’t it?

[expatinthephilippines]

I have been doing this for years, and with credit cards. The credit card bonus points I use to further reduce my card expenses.
There are other tricks that I have used as well with my tax planning.

[SirKevinthefirst]

I feel like people are so set on paying the mortgage off ASAP, but instead of putting all my extra cash flow into my principle on a 2% interest rate (I got lucky) I'd rather invest that money and try to make it grow with 7 to 10%interest compounding. I'd rather have that extra 200k in my own hands rather than paying off a house. I feel like I can grow my money bigger and faster than what I'd save on my mortgage in that 6ish year period

[acilirp]

Share? It doesn't matter how many videos I watch this doesn't make sense to me cause all the money will be going to debt and there's no savings.

[JC-hdtt]

The Quack bros. 🤣🤣🤣

If you have an interest rate of 3.5%, you would only pay $55.42 of interest. 19, 000*.035/12

So why would you ever get a LOC with a higher interest rate?!?! 🥴

[emilyhisel]

How can I get the spreadsheet shown in the video? I went to your website and got an email link to a calculator, but it was a simplified version that didn't really help me.

[michaelpelletier]

I don't understand how one version of extra payments is better than another version of extra payments, what am I missing?

[USMC-]

I see a few holes in this. In this example, if being perfectly executed you would save 40 bucks. But if during the month you have to pull money, for anything, from your line of credit for any reason, you blew the entire month of saved interest. Which for anyone to anticipate having no emergencies is pretty slim.

[Fishfood]

Yeah I use your calculator to see how fast I can pay off my mortgage and if I was to have $2000 a month free and use 3000k a month from my heloc which shows to save me the most time and interest per your google docs calculator. I pay it off in the same amount of time as I would just applying the extra 2k to principal each month. Now I can’t write off any interest paid in the heloc like I can from the mortgage. So how is it better?

[Ken-SVS]

How can I get the spreadsheet in the video. I want to see the Amortization schedule. Your free calculator doesn't show this.

[shaneholden]

I think you removed 2, 000 in expenses for the cash only payments but forgot to reduce 2, 000 of income towards the balance. Can you recalculate that?

[null.ru.]

How do you deal with credit card companies that lower your limit soon as you dump ur income?