Velocity Banking Pays Off $46,000 in One Year (All credit cards and car loan!)

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00:00 Bryan Case Study
00:45 You are not alone
01:48 Month 1 Prepare your credit score for easy LOC approval
03:43 Month 2-5 Pay off credit cards with LOC
04:54 Month 6 Add car loan to LOC
05:24 Month 9 Add Fortiva balance to LOC
06:00 What to do with the student loans?
06:25 Debt snowball comparison
06:50 Submit your case study

[FinancialCoachJess]

Good luck, Bryan and family! What do you think of my case study series so far?

[danielbrettschneider]

Telling someone with too much in interest payments to take on more????
Kinda like telling an alcoholic, " no more shooters till you finish your beer"
What to do with all that money once the patient is debt free?

[DebtfreeMike]

Has he gotten on a budget and started living within his means? Why do so many people consider student loans as a way of life instead of debt that should be paid off just like any other debt? I know the interest rate is “only” 4.75 % What bothers me is VB advocates sometimes encourage vacations and other optional expenditures before debt is repaid. Am I being unreasonable?

[anthonyrodriguez]

Love the video thank you I would definitely love your help if you could

[daleneb]

I need your help. I am trying to figure all this out. I can’t get a line of credit and don’t want a HELOC. I have 12 credit cards with hefty balances. I own my home (therefore do not want to jeopardize it in any way) I do have a car payment also. I am 75 years old. No savings only a small annuity. If interested in seeing what you can do to help me I would very much welcome your advice.

[reedshards]

How does this work if you get paid twice monthly? Do you make two separate credit card payments with your paycheque?

[thomasxxxxxx]

Does not add up....

IF "Brian" has $2 000 in free cash flow (I wonder how and why he racked up all this debt with this cash flow, but no matter) then the most he can reimburse in a year is about $24 000 of principal (and that is before we account for the interest he has to pay which will lower that amount) if he uses ALL of his free cash flow

That is far off from the $46 000 advertised in the video title