Why Our Velocity Banking Strategy Is Different
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- Опубликовано: 13 сен 2024
- We're peeling back why we are different from some of the other velocity banking content channels and/or coaches you may find here on RUclips. We highly respect the people who have been teaching this strategy for a long time and are committed to helping others. We just use this strategy differently, and that's ok.
Our content is specifically tailored to help you understand complex financial concepts with ease. Your goal is to become self directed and make confident moves on your path to build generational wealth. We try to make it easy to digest, but most importantly, easy to apply.
To enhance your learning experience, grab our free Velocity Banking worksheet on Google Sheets. This invaluable tool will guide you through the process, helping you unleash the true potential of Velocity Banking as ONE step in your journey to achieve financial freedom.
Grab it here: selfdirected.i...
Join our community of like-minded individuals who are on the path to financial freedom. Whether you're a beginner or well-versed in personal finance, our videos provide valuable insights and strategies to help you take control of your money.
Get ready to unlock the secrets of Velocity Banking and pave your way to financial success. Hit that play button now and embark on a journey that will revolutionize the way you manage your finances!
If you want to achieve TRUE financial freedom, you're in the right place.
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If you're looking for How to invest tax free with your retirement account, or how to build retirement income that is TAX FREE, I'm here to help. Whether you have or need a self directed retirement plan, a self directed IRA, or self Directed 401k, you are in the right place.
My goal is to take something that seems so complicated and make it easy to understand. Please let me know how I'm doing and if you have any further questions you'd like me to answer here, or topics covered. I'm happy to do them and would appreciate the feedback.
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HOW TO CONNECT:
www.selfdirected.info
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DISCLAIMERS & DISCLOSURES
This content is for education and entertainment purposes only. Donnell does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
I love your content but I'd be mindful of calling out anyone specifically on here. Vanntastic is how I ended up finding y'all 🙂 Seeing the math breakdown helps a lot of us understand the specifics of the process. I enjoy both channels' content.. in fact I just sent both channels to a friend yesterday to check out 😉
We def aren't calling anyone out, that's unfortunate if this came across that way. I can see where people could see my wife's comments as being "negative", but she's really not talking about them, she was talking about her own struggle to learn. I personally love them and their content. We are just different in both delivery, approach, and goals. Hope that clarifies.
Even Mrs Vann says how her method is different.. for example from the gentleman who says beans and rice... rice and beans. Our brains are all different but I can see the benefit in taking some gems from the different channels and putting together a plan to my sleek velocity journey.
Absolutely 💯
It was actually you Donnell who called them out, lets be clear. LOL -> 1:19
I also found your channel after watching Vann, hers is simple strategy and yours is more deep and focus on creating future. I appreciate that side of your channel.
@@dugglas29 I am a superfan of Denzel, like he resonates with me. But I follow you. And appreciate your perspective. I don't want to focus on eliminating debt, I want to focus on creating income. Some of us just needs to increase our cashflow to get there. How are you doing with VB? Any tips tricks to offer?
I follow Christy Vann, and I think she's wonderful! I think she mainly is focusing on helping people to get out of debt but she does recommends taking the money you're saving and put it into life insurance policies at the very basic level for future needs.
Yea I learned and continue to learn from all this guys. But my main focus is income. Not just with cash value policies either, it’s about structure for me. Thanks for hanging out.
What I like about you guys is you give us a whole picture approach. However, many people are not ready for the whole picture and need the vb and even Dave Ramsey's baby steps as a precursor to the big picture because you have to have a good foundation in place before focusing on real wealth. I don't care about all the math, but it's good to know for understanding. The most important math you need to know in vb is I - E = C, income minus expenses equal cashflow and the difference between amortized loan interest and line of credit simple interest. You have to know your cash flow because it's going to pay down the line of credit. You have to know the difference between the two interest methods because it means whether you keep money in your pocket or pay it out to the bank. Once you master that math, you are ready for creating more income, legacy, and generational wealth. That's it. Don't get dizzy over the detailed math.
I couldn’t agree more and thanks for the feedback.
“If you don’t know where you’re going, any road will take you there”. That’s why we focus beyond debt elimination because being debt free doesn’t equal income, it’s a trap to focus on one THeN the other. Doesn’t work that way.
You get it though 👊🏽 structure and strategy is key but people often get lost in the math. A Birds Eye view helps get a clearer picture of the obstacles and the fastest route to the goal. We all only have one destination… it’s inevitable… that’s why calibrating our compass for the journey matters greatly.
Thanks again for the feedback. So glad to have you on board with us!
@@selfdirectedDONNELL
As I see it almost everything needed to address important issues that mankind faces but are not ‘profitable’ for capitalism to address will cost money! Most of the world believes (erroneously) we must first earn that money, through any means possible, often at huge cost of real resources on things that just add to the burden. If we could educate more people that this is backwards we could come a long way in reversing this trend. But how do we get the attention of more people to learn and be convinced about something that goes against commonly held beliefs? I had an idea for a co-op plan that would basically PAY people to learn about MMT economics. It uses strategy to leverage a small amount of monetary input from a group to cycle throughout a co-op in such a way that by using modern technology we could use velocity of money to quickly cycle money to members in such a way that it increases the creditworthiness of all members and leverages that credit to continually increase the incomes of all members. This is basically harnessing the the power of leveraging capital and creating successful entrepreneurs of all members by crowd funding experts that would automate individual entrepreneurships and provide crowd funded investment advice and legal and accounting help. This could be started with relatively few people (they just need to be the right people with the right skill sets) unlike other means of getting the publics attention, which requires convincing a vast majority of the public that almost all the economists they hear are wrong, I find that an almost insurmountable task! I’ve been trying for years to rally support for at least coming up with a way to convey my proposal in such a way as to get the attention of a few of the ‘right people’. When I first thought about this I had practically zero knowledge about the financial world and I just days ago found out that velocity banking was a thing. I had come up with a similar strategy but thought that it would take a group to take advantage of this velocity technique but now I see that it could be done individually but I doubt most people have the ability to do so which is why I thought of doing a co-op and basically automating the entire process. I believe the MMT community would be a good place to start such a co-op as they have a relatively selfless interest in helping society as a whole and not just a selfish interest in trying to achieve personal gain. If we could make involvement something that is so affordable for just about anyone to get involved in we could keep it from being just another wealth creating course that’s just trying to make a buck for the creators. I unfortunately do not have the personality to promote this so I’ve been looking for someone with a more dynamic personality to try to get this idea off the ground. If you’d like to know more about where I’m coming from please let me know.
By the way what do you think about providing almost total assistance in helping co-op members start up two or more LLCs and building them up using these techniques thus shifting much of the costs and risks to the LLCs?
I have been watching a lot of video’s on this topic… I just did my first chunk last month to payoff my mortgage. I’m an insurance/financial services broker and real estate investor so I like your approach! Great stuff 👊🏾
Love to hear it. Glad to have you as part of our community. I work with real estate investors all the time. That community used to make up 90% of my client base, mainly to get properly structured. I'm sure you and I could connect on many levels.
Since you said mortgage, you may find value in our last livestream : ruclips.net/user/live2N3hlrMQ90c?feature=share
@@selfdirectedDONNELL I’ll definitely check that out and I have been doing research on infinite banking the last 2 years. Im assuming when you say “mpi account” you are referring to infinite banking using a life insurance policy correct? Yes, I am thinking about paying off the rental investment mortgages faster using the VB technique so yes we should connect soon.
You both rock!! Love the graphics!! Have learned so much already!
We appreciate that feedback so much 🙏🏽
😁🤣Love THIS video!!! Very entertaining with those special effects😂😅
We love that feedback. Thanks so much for tuning in!
I loved the fighting game clip 😍
😂 She had me fighting $40k debt 🤣
@@selfdirectedDONNELL it was a brilliant edit! Especially how the money was spraying out...😅 VERY well done!!! 😊 as a 90s gamer, I ❤️❤️❤️d it 😁
The feedback & support means a lot to us 👊🏽
Love it thanks
Appreciate you tuning in!
The only math movie I know about is “the man who knew infinity”
Oh and Beautiful Mind is about game theory so that’s close.
Love to hear the strategy matters more. I love Christy too but seeing all those numbers can be overwhelming or intimidating
I can appreciate that. I am a numbers guy, so those videos were right up my lane, however, my wife was not with it LOL. I'm glad that we can provide a different approach and add value to those who feel like my wife did.
Strategy DOES matter. The main principle of velocity banking can be found in many other strategies- LEVERAGE. I say it all the time, velocity banking is not a wealth building strategy, which is why we approach it differently. Appreciate you tuning in and grateful to have earned you as a subscriber!
@@selfdirectedDONNELL i love Math & number too but like you said leverage. That word right there is powerful and our community but a well as any other minority suffers from lack of knowledge. Again you guys are doing an amazing thing by teaching this, what appears to be a new phenomenon, in a more entertaining yet still informative way. Much love and we’ll be in touch soon.
We really appreciate the feedback and the support! Looking forward to meeting you soon.
Wait, do you guys have a video/videos laying out the five steps/process/framework you mentioned?
VANNtastic has helped me understand velocity banking over the past couple months, and then your videos have recently kept me going by throwing in more methods/strategies that I can keep in mind for velocity banking, but I need something for beyond that. I’m trying to get my life and finances right so I can be prepared for marrying the love of my life. And I wanna do so quickly. If you have a plan, structure, framework, strategy, etc. that can help me achieve that, I’m all ears!
We are teaching them all right here on our channel. We have videos on each topic, but are still new to consistently posting and only a couple months in with our livestreams.
Stay tuned, we’re unveiling each one and how they connect and it won’t take long to cover since we go live twice a week now. Glad to have you on board 👊🏽 You stick with us and you’ll impress the MESS out of your soon to be spouse. Matter of fact, bring them along so you can level up together!
We have many couples who tune in together as a team.
@@selfdirectedDONNELL I’m gonna have to provide a little proof for her before I can convince her to join, but I’m working on it. Thank you and God bless you both for doing this. I know it’s difficult initially, but it’s worth the lives you’re changing for the better.
If one doesn't not have the time nor the inclination to figure out their own numbers, it's unlikely they will keep said money long. If people can memorize the words to random pop songs, they can figure out the math of their own personal finances.
Great point. Couldn’t agree more. The math is less overwhelming when you can see the strategy. That’s the key.
Words to songs and numbers are two separate parts of the brain. Be careful how you're judging. You might find you have to experience the difference for yourself. Have you heard the true meaning of ASSUME? It makes an ass out of you and an ass out of me. I'm writing this in a good spirit. I hope it is read as such.
It’s not math, Angelique, it’s money. Not that hard. You all seem very nice, but I’ll check out your other videos. You can’t make a channel on personality, it has to be figures. Christys videos went viral very quickly because she kept it small with a focus on helping others.
I am a Christy fan as well. Our point was to focus on what to do with the cash flow once it is freed up with a sole focus on helping others. So I agree w Christy. Where are you putting your cashflow? I am not and do not claim to be a VB guru. But I do like to put money to work and as you learn VB you are learning to keep money moving. And I want you to help your money make it's own money. Appreciate your feedback, thank you very much.
@@selfdirectedDONNELL My cash flow is going to rent, rent and more rent. lol I'm a Paralegal, but I also own a business. I took care of both of my parents during Covid, then the past two years I took care of my father with diabetes (who no longer has diabetes and is back to working 60 hour weeks at 80 years old). All the money was pooled together to pay on two rents totalling: $6,200 each month as my parents are divorced.
So, my mother had cancer, changed diet and now she's well.
My father had diabetes, changed diet and now he's well. They're in their 80s and very happy. It's time for me to get back to work, start my business and resume all my goals and dreams that I gladly put on hold.
So, I only learned about VB when Christy's one video was recommended to me and since then like many others just watching the videos, it clicks and then you realize that:
1) you do have to be at a positive cash flow,
2) Should have a line of credit, as it will take a lot longer with high rate CC's.
3) Really need to be flexible with the process as life will absolutely happen.
I think people have the tendency to rush in with VB, but I'm taking two months to get rid of all useless expenses (which isn't much) and stop borrowing. People don't realize that all their wealth can be and statistically will be taken up by medical expenses. My food bill is high on purpose because I have seen what poor nutrition can do when you get older and haven't been taking care of yourself.
Problem is...this is God's money. There is more said in the Bible about Saving, then debt repayment. My approach to VB is to Save at least 3 month's rent (not necessarily 3 month's expenses) and then do VB. Or mortgage, of course.
6min in and they haven't said nothing just a sales comercial.
What are we selling?
I see your videos are full of the ding dings and the silly caricatures, which to me is a little bit annoying. I used to watch well wealth Nation Channel and I had to stop because I couldn't stand that background distraction. All your videos aren't like this because I do want to see how you teach velocity banking
I love this feedback. It is necessary, it’s hard to know what works and what doesn’t without it. I know Darius and Carmen well and understand what you mean. Thank you for this. Any tips tricks you have for VB? How are you growing your Cashflow?