Velocity Banking made CLEAR in 5 Easy Steps

Velocity Banking made CLEAR in 5 easy steps. I use my high interest, high balance credit cards as my personal line of credit to pay off my credit card debt. And this is how I do it...

I use the credit card minimum payments that are due (for my multiple credit cards) to free up cash flow. I meet the monthly obligation by matching those cards with bills. The bills make the minimum payment and then what I WOULD have spent on those minimum payments are now funneled to my primary card (the one with the highest minimum payment due).

I NOW have room to breathe! I can apply those minimum payments to my primary card to pay down my debt quickly OR, if money is tight this month, I can rest easy knowing my miscellaneous bills are taking care of the minimums on the majority of my other cards. I no longer worry about interest!

Once I learned how velocity banking works, I was convinced! This is the BEST way to pay off credit card debt.

If you're looking for information on how to pay off credit card debt fast, then you have come to the right place! You can learn from my journey and apply it to your own financial situation.

NOTE: I am not a financial advisor and I do not provide professional financial advice; the information presented on this channel is presented for information and educational purposes only. Following any words, actions, or advice in this video or on this channel AS professional financial advice is not intended and is the responsibility of the viewer, not the video creator. The knowledge presented herein was gained from my personal journey getting out of credit card debt. This channel was created to share my experience with others.

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[emikodragon]

This is the first Volocity banking video, of many I've watched, that I completely understood. Thank you so much.

[sjp]

This is the best & most clear explanation on how to direct cash flow when you only have credit cards that you can use. Thank you, your videos are soo helpful!

[mygoodlife]

My wish for you is that you blow up like VANNtastic. I love how real your videos are.

[TnavresGaming]

I took an unofficial survey. Results were heavily slanted in favor of you making more videos. The phrase "daily" was highlighted several times. Ok. There wasn't a survey. I read the minds of ALL your fans and that was the consensus.

[datnohi]

I'm saving this, thanks so much for breaking this down so simple-minded people like myself can understand, with that extra cash flow I can kill this debt

[janrudolph]

Thank you so much for your videos. I am now diving in with velocity banking and I actually feel like I have a handle on my financial situation for the first time in my life. Please keep presenting case studies.

[darphillips]

You explain this so clearly. I’m in the same boat as you four cc with high interest rates.

[NeekRusher]

At first I didn’t understand your match for match set up. This video explains it all. Thank you so much. Now I have another strategy to implement this week. ✌🏾

[cocacolafiesta]

This a GREAT visual video!!!! Thank you for sticking with us as you get busier!!!!

[gmamabear]

Excellent! Thank you for breaking this down. I think I was making one mistake and this cleared it up for me. My situation is a bit different from yours as I don't get paid weekly, however, I think I'm getting it.

[donna]

Thank you Molly, this video with the visuals of the cards with matched payments helps clarify things for me. We get paid monthly and payday is tomorrow I am anxious to start paying bills this way. Hope you get well fast!

[mariadouglas]

This was really good video for beginners! So we'll done!

[_bazzmuhammad]

I cannot thank you enough for this It was clear and to the point. I now know where I made mistakes and how to correct them. ❤

[wendybcardinale]

This explanation is so helpful, thank you!

[Peaceonearthrn]

Please help me understand this concept. 1. Your taking those bills and instead of paying cash, you are putting them on a credit card. (2) The total of those bills becomes your "miniumum" payment. (3) You then take whats left over and place that amount on your high interest credit card? Doesn't that then clear that card monthly? The card used for those bills - does it have a zero balance to start with? Im just trying to break this down. Ty

[KimberlyMatthewsBA]

Thank you for your videos! I've been learning about Velocity Banking, and your videos help a great deal with that. Quick question for you. Do you pay credit cards using other credit cards? I have looked into doing it, but haven't been able to figure it out.

[karenware]

Payment is due on the 7 for $500 and cell phone is 80$ on the 8th.

[ladycropper]

I like to see how long it takes to pay off all of those cards. How much debt is already on those smaller cards idk how they ever get paid off if your paying and charging same amount. Do you work on those after the larger cc is paid off?

[sjagain]

The most important part NOT COVERED in this video is having the discipline NOT to use the "other cards". Most people don't, and this is why they're in this situation to begin with.

[kaylisaferguson]

Just for clarity, in your model, I am making the payment on the regular minimum payment due date? If I make the payment early, would it go against the minimum or would I have to make a 2nd payment?