Velocity Banking: How To Eliminate Debt... WITH MAXED OUT CREDIT!!!

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  • Опубликовано: 28 авг 2024
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    In this video, we go over Velocity Banking: How To Eliminate Debt... WITH MAXED OUT CREDIT!!!
    I'm sharing how to eliminate debt... with maxed out credit! Velocity Banking is a financial strategy that uses online tools to help you manage your money and eliminate debt.
    If you're struggling to manage your money, then this video is for you. Velocity banking is a relatively new financial strategy that can help you eliminate debt and improve your credit rating. In this video, I'll show you how to use Velocity banking to achieve these goals, and how it can help you get back on track with your finances!

Комментарии • 33

  • @ericjones3920
    @ericjones3920 Год назад +10

    CJ, you have made me into a velocity King my brother. I use my credit cards and lines of credit to remodel my home,buy properties and invest. I don't even worry about my paycheck when it hits my account cause I'm going to dump it. I use my credit card to get my 2% cash back and then pull from my line of credit to pay the card off and then dump back into the line of credit . This system is so effective when used properly. I want to thank you my friend for making me a velocity King.

    • @velocityc
      @velocityc  Год назад +1

      @ericjones3920 You are an inspiration! If you are looking for a tool to get you to the next level let me know: calendly.com/g12group/rick2?month=2023-01

  • @Obamacain9
    @Obamacain9 Год назад +13

    In this example the questioner should've stated more clearly the following.... all my credit cards are maxed out,I have no more available credit lines of any sort AND I have no money in my savings or checking account and my credit as a result is SHOT .... now with those parameters, CAN VELOCITY BANKING WORK?... The answer if we're being honest SHOULD BE A RESOUNDING NOOOOO !

    • @velocityc
      @velocityc  Год назад +1

      Obamacain9 Thank you for your comment and for subscribing ;)
      If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/rick2?month=2023-01
      If you would rather take my class, you can do that too: bit.ly/VelBan2
      Thank you!

    • @mlbrewington4085
      @mlbrewington4085 Год назад +2

      @@velocityc this is exactly what I e been searching for. Will finish the video then check the links you’ve provided above

    • @velocityc
      @velocityc  Год назад

      @@mlbrewington4085 Sounds good! Also, you can get a free consultation here as well: calendly.com/g12group/velocity-channel

    • @kevinwalter4078
      @kevinwalter4078 Год назад +2

      Not all of my credit cards are maxed out, but I do have 6 cards carrying balances, I have a previous debt consolidation loan that can't be paid with cards, and a car loan. My biggest card has a $5000 limit and I'm using that one for velocity... And I'm making more progress than I ever did by just making payments and trying to "save" money in my checking account.
      It absolutely works. The only problem *as with all debt repayment methods*, is willpower and consistency. You HAVE to cut spending. Period. Spending is how you got into the mess. Not spending is how you get out of it.

  • @kbd1232
    @kbd1232 Год назад +1

    your back bro we love it HAPPY NEW
    YEARS

  • @Jesus-kt5dc
    @Jesus-kt5dc Год назад +2

    CJ you never dropped the video to my question of velocity banking combined with an ARM. Would appreciate it.

  • @bobw5502
    @bobw5502 Год назад +2

    What about the expenses

  • @monteburgess
    @monteburgess Год назад +5

    What’s the tool and what happens when u do not have another line of credit ?

    • @aliltussin3509
      @aliltussin3509 Год назад +3

      Well you will have to go the Dave Ramsey route and start with the CC with the lowest balance and pay CCs off until your credit is high enough to get an unsecured LOC. Or you can get a SECURED CC or LOC with requires you putting up the money. Some banks will match whatever you put in. Then it will function just like a CC. Once your credit approves then you can move on to unsecured lines.

    • @velocityc
      @velocityc  Год назад

      @monteburgess Thank you for watching. Let's talk about it: calendly.com/g12group/rick2?month=2023-01

  • @choosetoshine2610
    @choosetoshine2610 Год назад +1

    Excellent analogy! Well done!!! New subscriber. ❤️

    • @velocityc
      @velocityc  Год назад +1

      Choose To Shine Thank you for your comment and for subscribing ;)
      If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/rick2?month=2023-01
      If you would rather take my class, you can do that too: bit.ly/VelBan2
      Thank you!

  • @betitos11
    @betitos11 Год назад +3

    CJ didn't hear the part that ALL lines of credit are maxed. This guy creates lines of credit out of thin air 🙄🙄

  • @danfontaine6992
    @danfontaine6992 2 месяца назад

    How do I make velocity banking work for me when I'm a landscaper I have on the books $2,500 a week coming in but my income goes up and down because of the weather he rain or exhaustion how do I make the last banking work in that case and I only work 7 months out of the year

  • @jermagnum1553
    @jermagnum1553 11 месяцев назад +1

    Do you have any videos on cash advances? Is it good or bad? Thx

    • @velocityc
      @velocityc  11 месяцев назад

      @jermagnum1553 It all depends.
      If you'd like to know more, I would love to show you:
      calendly.com/creditwiz
      Or
      If you would rather learn Velocity Banking in the comfort of your own home, I can deliver that too:
      bit.ly/VelBan2
      CJ

  • @ChadwickG
    @ChadwickG Год назад +1

    Preach

  • @gotitallherellc9178
    @gotitallherellc9178 Год назад +2

    Answer if you don’t have another line Of credit to use

    • @mmaravii7088
      @mmaravii7088 Год назад

      Place your income in your CC as a payment and slowly decrease it and build yoir credit so that you may qualify for other CCs

    • @Jesus-kt5dc
      @Jesus-kt5dc Год назад +2

      *Run your credit expenses and park your cashflow from the credit card. Anything that is a loan pay from your checking account because you can't pay them with credit card.*

    • @velocityc
      @velocityc  Год назад

      Got It All Here, LLC Thank you for your comment and for subscribing ;)
      If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/rick2?month=2023-01
      If you would rather take my class, you can do that too: bit.ly/VelBan2
      Thank you!

  • @spanishflyhernandez1478
    @spanishflyhernandez1478 Год назад +2

    How can I get started ?

    • @velocityc
      @velocityc  Год назад

      @spanishflyhernandez1478 Thank you for watching. Subscribe - then right here: calendly.com/g12group/rick2?month=2023-01

  • @bobw5502
    @bobw5502 Год назад +1

    With a loan it looks like you are pzying the one way not the 2 way.

    • @velocityc
      @velocityc  Год назад +2

      @bobw5502 Thank you for your comment and for subscribing ;)
      With loans you're money goes one way... away from you.
      If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/velocity-channel
      If you'd like to stay in the know with the latest Velocity Banking Methods, subscribe here: sendfox.com/velocityc
      Look forward to working with you.
      Go forth and prosper!

  • @tylegend1986
    @tylegend1986 Год назад +2

    You have to be a preacher in somebody’s church

    • @velocityc
      @velocityc  Год назад +1

      Tyderyon Neal Thank you for your comment and for subscribing ;)
      If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/rick2?month=2023-01
      If you would rather take my class, you can do that too: bit.ly/VelBan2
      Thank you!"

  • @espinafranco
    @espinafranco Год назад +1

    This guy should be a comedian. Very knowledgeable but painful to watch 😅

    • @velocityc
      @velocityc  Год назад

      Franco Espina Thank you for your comment and for subscribing ;)
      If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/rick2?month=2023-01
      If you would rather take my class, you can do that too: bit.ly/VelBan2
      Thank you!