How To Pay Off Credit Card With Negative1,000+ Cashflow! || Eliminate Mortgages Too

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  • Опубликовано: 13 сен 2024
  • In this video, I go over how to pay off your credit card with minus 1,000+ cashflow! I'm going to show you how to pay off credit card debt with negative $1000+ cash flow! Learn from others experiences and follow these steps for financial freedom!
    This method of allocation not only works with credit cards, but it can also be used to eliminate your mortgages as well.
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Комментарии • 51

  • @MiaMaze46
    @MiaMaze46 4 месяца назад +1

    Your energy is awesome for this topic!! Keep going, get us right Cj!🎉

  • @sherekaan5048
    @sherekaan5048 3 года назад +17

    I know this is a scenario but if your income is 2k & expenses before your savings is 2.3k how can u save 1k a month?

    • @velocityc
      @velocityc  3 года назад +8

      Hello Sherekaan thank you for watching. Go ahead and subscribe because I am going to make a video just for you!

    • @Mik3Ang3lProductions
      @Mik3Ang3lProductions 2 года назад +5

      Great qeustion! Hoping to see that video soon

    • @bookthebarber
      @bookthebarber 3 месяца назад

      @@velocityc is this video uploaded yet.?

  • @mermaidgurl5635
    @mermaidgurl5635 2 месяца назад

    Thank you for having an example with an income closer to mine! Much appreciated!

  • @pit1513
    @pit1513 3 года назад +6

    Good stuff once again. I listen for reassurance 💯

  • @ashdorilas3064
    @ashdorilas3064 3 года назад +7

    Hey CJ I understand the concept however you have to tell the clients about the bank statement dates how to strategy their payments

  • @kareemberry8371
    @kareemberry8371 8 месяцев назад +1

    Yes. I need a positive cash flow without getting another Job. Jesus take the wheel lord!

    • @velocityc
      @velocityc  8 месяцев назад

      @kareemberry8371 Great news! I also have a class that goes over Velocity Banking in more detail and in a user-friendly format: bit.ly/VelBan2
      or
      You can schedule a call:
      calendly.com/g12group/velocity-channel

  • @keepitsimple5744
    @keepitsimple5744 3 года назад +1

    Thank you so much, CJ. This was very helpful!

  • @Joce123
    @Joce123 Месяц назад

    I need more help and how to get a decent amount of a line of credit.

  • @hudonedem8517
    @hudonedem8517 3 года назад

    5:29 you sounded like kel mitchel when he put the screEeW in the tuna. “ is your NeEew”

  • @Breezy84312
    @Breezy84312 Год назад +2

    What if you have a balance on your line of credit?

  • @JJSolley373
    @JJSolley373 Год назад +3

    Does velocity Banking work with a secure credit card as well?

    • @velocityc
      @velocityc  Год назад +2

      It sure does. I can show you:
      Look no further: calendly.com/creditwiz

  • @powersp68232
    @powersp68232 4 месяца назад

    What if LOC and CC are both maxed or very close?

  • @ajahdg
    @ajahdg 7 месяцев назад

    These are lowkey my expenses smh. Except I don’t have $1000 in savings. I have no savings or money to save 😫😢

  • @WIDFRANKE
    @WIDFRANKE 3 года назад

    Knowledge for the brain🤗

  • @36obba
    @36obba 10 месяцев назад +1

    Hello does velocity banking work the same way in Canada? Also what if all you have is a maxed out Interest only personal line of credit? Thanks.

    • @velocityc
      @velocityc  10 месяцев назад +1

      @36obba Works the same everywhere.
      If you'd like to know more, I would love to show you:
      calendly.com/creditwiz
      Or
      If you would rather learn Velocity Banking, I can deliver that too:
      bit.ly/VelBan2
      CJ

  • @renaesutton3145
    @renaesutton3145 Год назад +2

    I am confused - is the LOC and CC the same account then? you stated that you no longer have to worry about the 600 payment to the CC; because you are paying 2K into the LOC.....

    • @velocityc
      @velocityc  Год назад +2

      @renaesutton3145 Thank you for your comment and for subscribing ;)
      Exactly... same account.
      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!

  • @AnnaS1371
    @AnnaS1371 8 дней назад

    How would you save $1000 a month with a -1300 cash flow??

  • @2005wsoxfan
    @2005wsoxfan Год назад +1

    Doesn't that mean your LOC would show a positive balance? Do they even allow that?

    • @velocityc
      @velocityc  Год назад

      @2005wsoxfan Thank you for your comment and for subscribing ;)
      That's a great question. Only if the LOC is in a positive balance, but I have a feeling we need to dig a little deeper.
      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!

  • @almawave6072
    @almawave6072 Год назад +2

    Hi CJ, my income 1k, expenses 1.8k how do it turn it into positive,

    • @almawave6072
      @almawave6072 Год назад

      Hi CJ, my plc is 5k..3.5 debt , however my cc is 27.5k debt (@19.99%)and my income is 1k, how can I turn it into positive cf, Thanks CJ, love your videos

  • @coreyholden6934
    @coreyholden6934 3 года назад +1

    Hello CJ, love your videos. I owe $836.00 on my car, shcould I get a Cash Advance to pay it off sooner.

    • @velocityc
      @velocityc  2 года назад

      Corey Holden Thank you for watching! That depends on your goal. Did you want to talk about it?

  • @Sciontc22jj
    @Sciontc22jj Год назад +1

    What about credit card interest rate 24% est?

    • @velocityc
      @velocityc  Год назад

      Justin Jerrett Thank you for your comment and for subscribing ;)
      Great question!
      What about it?
      If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/discover
      Look forward to working with you.
      Go forth and prosper!

  • @lisab8108
    @lisab8108 Год назад +3

    who is going to out $1000 in savings? making $2000😅

    • @velocityc
      @velocityc  Год назад

      @lisab8108 Where there's a will there's a way. :D
      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!

  • @transformationproject3583
    @transformationproject3583 Год назад +2

    $300 for groceries lol. They figured out how to screw us on that a year later.

    • @velocityc
      @velocityc  Год назад

      Thank you for commenting and subscribing :) Isn't that something? If you need help with this, just let me know: calendly.com/g12group/velocity-channel

    • @transformationproject3583
      @transformationproject3583 Год назад +2

      @@velocityc No im good I dont really have a lot of debt just a couple cards with around 5k between the 2. Ill turn on velocity and turn it off to knock them out. Thanks for your reply, have a good dayl!

  • @regmatt
    @regmatt 2 года назад +1

    cj have a question , evrytime u talk about the LINE OF CREDIT , so is this line of credit u calling a credit card with zero percent interest or the line of credit a personal loan ? i get confused by watching ur videos .

    • @velocityc
      @velocityc  2 года назад

      No worries, i understand. That's actually why I made the class so that this could be broken down even further. You can check it out here if you like: velocityconsulting.vonza.com/courses/velocity-banking-part-2

  • @user-zr5sj8oq9d
    @user-zr5sj8oq9d Год назад +1

    I need your help. How do I contact you?

    • @velocityc
      @velocityc  Год назад +1

      Look no further: calendly.com/creditwiz

  • @rodneydedeaux5642
    @rodneydedeaux5642 Год назад +1

    Can you contact me.. I can't not get into my paid program

    • @velocityc
      @velocityc  Год назад

      Is it working now?

    • @rodneydedeaux5642
      @rodneydedeaux5642 Год назад +2

      Yes it is!! Do you have contact information via website ?

    • @velocityc
      @velocityc  Год назад +2

      @@rodneydedeaux5642 I actually emailed you. Welcome to the team!