What is Velocity Banking? Control Your Debt Before It Controls You!

Velocity Banking is a strategy that allows you to be in control of your debt, instead of it controlling you. In this basic video you will see the process and how to eliminate credit card debt very quickly. Thank you for watching!

I help people develop a realistic game plan for becoming debt-free and achieving true financial freedom.

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Christy Vann and its affiliates do not provide financial, tax, legal or accounting advice; the information presented on this web site/Youtube channel are presented for information/educational purposes only, and following the advice in this video is the responsibility of the viewer and not the video creator. By participating in this YouTube page, you agree to comply with the following guidelines. In any case, the information provided is “as is” with all faults and without warranty of any kind, expressed or implied. In no event shall Christy Vann, or any affiliate organization be liable for any damages, lost profits, or lost data even if we have been informed of the possibility thereof. Linked Items may create a financial benefit for Christy Vann.

[barttfisher]

Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420k losing value because of high inflation. Where else can we keep our money?

[allthingsnu]

This is very smart as long as the person using this plan doesn't increase their expenses.

[psecdocumentary]

I've already figured out similar strategies on my own, but the term "velocity banking" is a new one for me. The way my mind phrases it, is simply: pay everything on your card, then pay your card using your checking account, and you'll stay out of trouble as long as you're not making tons of extra unnecessary purchases. Not to mention, if you have a card that has a dividends / rewards points type of system, you're actually making some extra money from the credit card company :) Its not a ton of extra money, maybe somewhere between $50 and $200 a year depending upon how much you're charging to the account. But even a little extra is still more than zero :)

[alphaomega]

Just found your channel, I wish I knew this 40 years ago, I have no debt and no mortgage now, but it could have saved my first marriage!! I’m giving all your videos thumbs up and sharing them with my kids and friends. You are doing a great service....thank you so much

[lavailsegrest]

People understand she is helping people that's in distress. Yes it's an opportunity for failure, but she talking to adults who just got it HARD. Thanks my lady

[spicyphilly]

I've been doing this for years and it works well for me. I also combine it with zero interest intro balance transfer credit cards to speed up the process, with the added bonus of increasing my available credit, reducing my debt to available credit ratio, and increases my credit score keeping me in "excellent" range up around 800. All on a low to moderate income because I've been a part time stay at home parent.

[EmilyAllan]

I respect that this creator wants to help people out. If you aren't good with credit cards and you are living above your income, this plan could be catastrophic for you. Be very careful. This method is trying to force yourself to be prudent and have self control all while making a deal with the devil (credit cards at the big banks).

[roin]

Another perk of using CC is the reward points being accumulated for using it. You can use them for myriad of things such as gift cards or turn them into air miles.

[kobeland]

You just change the way i looked at my payments. This is so simple but soo genius. Just a matter of shifting my money flow. Amazing.

[susantidwell]

Why is this such a "hidden" concept? Especially in a world like today! Thank you so much. This is gonna be a life-changer!!

[Unclejujuthesob]

Ill like to add a variable you may be overlooking. You usually get charged interested based on the amount of "remaining balance" you havent paid from the previous cycle. so if someone does add their 6300 income to a 10000 balance theyll actually only get charged interest on $3700 for that month, not the ending balance of that month.. which makes your strategy more helpful then you're displaying here

[antheap]

20 years ago my friend used to do this and I didn’t understand why he would put his paycheck in his credit card. thanks for explaining.

[TheJudgeJuryExecutioner]

I love velocity banking but it’s important to include all the information and variables. One being that you cannot use a CC to make payments on another CC unless you use a money moving app. And even then youll be subject to a 3% transfer fee. The 3% is marginal but it needs to be accounted for.

[watchr]

This is a beautiful description of getting out of debt, as long as you know how to control your monthly spending on a credit card, so your monthly expenses don't exceed your income. I think that's the trouble most people have is not knowing how to budget unless they see the numbers disappearing out of a bank account.

[kellyyork]

Thanks for this video. Just be aware that some credit cards have long delays between the time you pay and the time the payment actually posts…even up to 7 plus days. Also, some places will not allow you to use a credit card to make payments; they insist the payment come from your checking or savings account. And if you need cash, it often costs extra to get cash from a credit card at an ATM. I know people who have made large payments to a credit card and then had their maximum amount they can charge cut in half…this happened during 2008-09 with many credit card companies during the recession.

[jonrizo]

You are truly a blessing!! thanks for making these videos!! Can't wait to try this out!

[vincentortega]

Hi Christy, This is new to me I have never heard this before, thank you for your detailed explanation. Also, thanks for sharing your wisdom and knowledge about basic finances, I believe many do not want to educate the consumers, and just let them spend money. Thanks

[ericgilliland]

It's great you're helping our military members. I wish someone would have shown me this in 2006 when I joined the service. Velocity banking and Infinite Banking probably wasn't around back then. If it was it wasn't taught like it is today with channels like yours.

[simoneware]

I just want to say thank you! This is an education everyone needs.

[charrisgs]

Thank you for the lessons you put out and the very simple, yet detailed, way you explain things.