Is The Velocity Banking Strategy Becoming Riskier With The Banks Cutting Credit Card | HELOC Limits?

Is the velocity banking strategy becoming riskier with the banks cutting credit card and HELOC limits? In this video, I will discuss what is going on and give you my answer.

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▶️▶️ DISCLAIMER ◀️◀️

Mike Adams is not a licensed mortgage broker, not a real estate agent, not a Certified Financial Planner, not a licensed attorney, and not a Certified Public Accountant. Viewers will consult with their professionals prior to engaging in any financial strategies.

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#isthevelocitybankingstrategybecomingriskier
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Translated titles:
Es la estrategia de Velocity Banking que se vuelve más arriesgada con los bancos recortando las tar

Wird die Velocity-Banking-Strategie riskanter, wenn die Banken ihre Kreditkarte kürzen? HELOC-Grenz

La stratégie de Velocity Banking devient-elle plus risquée avec la réduction des cartes de crédi

A Estratégia Bancária Velocity Está Se Tornando Mais Arriscada Com Os Bancos Cortando Cartão De

क्या बैंकों के क्रेडिट कार्ड को काटने

An bhfuil an Straitéis Baincéireachta Treoluas ag Riosca leis an gCárta Creidmheasa Gearradh Bain

は銀行がクレジットカードを切ることでリスクが高まる速度バンキング戦

신용 카드를 삭감하는 은행으로 인해 Velocity Banking 전략이 더 위험 해지고

Czy szybka strategia bankowa staje się bardziej ryzykowna, gdy banki ograniczają karty kredytowe |

Chiến lược ngân hàng tốc độ có trở nên rủi ro hơn khi các ngân hàng cắt gi

[MrBramachary]

Thank you mike. Your trainings always bring a lot of knowledge that help us to have a better life. Keep it up. 👍

[ericjones]

I use credit unions. They don't work the same as banks. I love velocity banking. My credit union saw the chunks I was making and offered me more money. I chunk every payday instead of once a month because I understand the revolving door of money. Good topic.

[christ.]

I don't have debt currently. I'm looking to do velocity banking to maximize investments. I'll be using my cash value from life insurance. M1 finance has a good 2% interest rate LOC on up to 30% of a portfolio. Of course you need some capital up front but those are the options I'm leaning towards. Love your vids. Thanks!

[triciamiller]

So question, would we be better off taking some of that cash out of your credit line in case they freeze your cash so that you will have it when needed. Is it worth the cost of interest?

[trueinspire]

Thank you for providing such a helpful teaching!

[magomago]

What happens when Helocs are closed, do they want all their 💰 back ASAP or you just continue with payments?

[KumarKumar-kxct]

Are first lien HELOCs more riskier now?

[beautifulstar]

Mike I did as you said, I applied and got my navy federal and Citi bank cc, 18mths 0 interest.., Which I transferred straight to mortgage principal . do you think it’s a good idea to dump all my lines of credit from 5 cards on my mortgage principal ? ( i know I’ll be paying back interest)my Cash flow will allow me to pay them down or just concentrate on paying off the navy/Citi first before I add another chunk?