How To Pay Off Loans Faster With Credit Cards... Now You Can Afford It!
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- Опубликовано: 26 дек 2023
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🚀 Are you ready to turbocharge your financial freedom journey? In this video, we'll uncover How To Pay Off Loans Faster With Credit Cards... Now You Can Afford It!💥
🔥 We've analyzed the top-performing videos on our channel, and we know that our audience loves practical tips and tricks to eliminate loans and maximize their financial potential. This video is perfect for those who are aged 35-54 and are looking to improve their financial situation. 💪
📈 Dive into the world of velocity banking with us as we break down each mistake, explain why it's holding you back, and provide actionable solutions to help you overcome these obstacles. Don't let these common pitfalls slow down your progress towards financial freedom! 🌟
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I paid off a $30,000 car in 6.5 months on a 6 year loan-term using this principle. Paid it off so fast that the bank refunded some money because I over paid interest. It works if u work it. Looking to pay off the rest of my mortgage next.
Great job!
Thank You CJ . This video was a clarifier for me. You are extremely helpful. Wishing you and your family a belated Merry Christmas, and an abundantly blessed New Year,
Wish I was taught this in my twenties
Powerful
How do you get the automated system to do it CJ!?
I'm ready to be the bank!
What if you don’t have cash flow
I would love to know how I can build wealth and buy real estate using your methods. If only this was taught to us at an early age.
Do you think this guy has built wealth? And that's why he has a little RUclips channel?
VOO + BTC 💪👑💰✈
If your income is $5k and expenses are only $3k - you should be saving $2k/month already. If you’ve been at that level for even just the past year, you should have $24k saved already and could pay cash in the first place.
And if you don’t have $24k saved… then maybe your expenses are not as low as you think they are
your not understanding the philosophy.....i will hold cash for emergencies or purchasing assets at a discount while i use credit.
Rather than extra purchases think of it as if you had a medical emergency and the total bill you had to pay was 5,000 over your savings. Now apply the principles in the video. Not having to pay interest on 5,000 sounds great.
I'm 30 seconds in and here's the verdict: I miss the the beard, dude! 😎
😂 I agree.
I understand the concept, however, with the couple of loans that I have, there's no option to pay with a credit card.
Any suggestions?
@suziqwho1: Yes, I do have a suggestion. You don't have to do it, though. Apply for a zero interest credit card, and add the amount of the loans into the balance request. Have the new credit card company pay the loan, transferring the balance to the card. Then, you have a two (or 3!)- -for-one: You have a zero interest balance for 12, 15, 18 or 21 months; AND you have time to wipe out other high interest rate debt; AND all of the debt you wanted to put on a credit card is now exactly where you want it to be and no one can stop you. You can use velocity banking to pay it all off as quickly as you want to. Voila! 😎
Get a card you can pull cash off of. We have a $6000 card we can pull $3000 off of. You can pay loans off in small chunks.
Depends on the details. Have you heard of being your own bank through life insurance?
You have to find a bank that will let you do over draft protection with a credit card of your choosing. Then you keep your balance down to like 5 dollars. Most likely you will have to pay 12-20 dollars a month on the checking account if you go below say like 2000.00. But you are offsetting that expense each month by your credit card points your earn by utilizing your credit card/cash back or points (this will far exceed the 12-20 am month you are charged for being low. When you have your mortgage or car or electricity bill due, you go into the negative and the credit card covers the bill. You always transfer your money to 5 dollar or so out of your checking into a different account that is essentially a savings until you dump it back into the credit card. I am thinking this is the thought process. I just don't know what bank lets you do this without crazy overdraft fees. But I am going to try this concept as soon as I find a bank I can do it with and what checking account. I have chase for personal and two businesses.
💯💯💯🇩🇴💯💯💯
Gambling on credit is just about the stupidest advice I've ever seen on RUclips. And yes, if you're buying Bitcoin, commodities, or stock using an LOC you're gambling, not investing.
It's stupid only if you don't understand it
Lol it's working for my husband and I and just within a few months we saw a huge difference. Accounts that had been sitting stagnant had made significant progress. Velocity banking is easy, builds your credit worthiness and helps simplify monthly payments. I love it and have recommended it to my kids. Anything we want these days we have to have good credit for it. This strategy works perfect for that.
I’ve been using Velocity Banking method for a little over two years and paid off over $150K in debt and just recently paid off my truck loan 3 years earlier with a loan of $42K. Since using Velocity Banking my FICO score skyrocketed from 720 to 850. And I used my Credit Card as my line of credit.
Definitely works. But hey to each their own.
I don't think you get it. Put your debt tools away and save your money. See how far that gets you in this economy.