Velocity Banking FREES your CASH FLOW

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How do you take the cash flow from one credit card and apply it to another credit card if you can’t pay a credit card with a credit card? A. Velocity Banking! Velocity Banking frees your cash flow!

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If velocity is the measurement of how quickly water flows, then #Velocity Banking is the measurement of how quickly my money flows through my bank and out to areas where it can do the most good (like my high balance, high interest, high minimum due credit cards, paying down #debt fast).

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 edutainment 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. This is my personal journey for getting out of credit card debt.

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43 Comments

  1. Thank you for clarifying this. Im finally starting to understand this.

  2. How exactly is min funneled to primary card?

  3. I sent you an Email today. I Have Questions. Thankyou for your content👼

  4. My Life Insurance does not allow a CC payment. Only Checking or Savings.

  5. Wow! After watching so many of these videos you made it all click! I have so many expenses debited out of checking AND paying minimum payments on my CCs. With this plan I can pay off CC1 in 6 months. I looked at my statement and paying the minimum would have cost me 18k in interest. Thank You!!!

  6. QuestionMy rent is about $2,095, if i use my credit card i would pay a fee of $75. Mi CC debt is about $10, 000. Should i use my CC to pay rent.

  7. I’m wondering where to start. If you have a card that has 0 % for the next year, and one with 21% with a $450 dollar payment, would you put some bills on the cc with the highest interest rate and the majority of your money used on the zero interest credit card or vice versa?

  8. Thank you SO much for everything you do!! I came into a situation where I've paid so much ahead in August that I don't have any minimum due on some of my cc's for September that I normally would use to satisfy the "minimum due " and pay my expenses. What do I do here?

  9. I can use the 0% interest credit cards using that money to put it into my insurance policy and thus grow my cash box from my policy

  10. So the end result was you still paid $384 towards debt and saved the difference in interest on the primary card versus this card of $186 worth of interest that month? Wouldn’t this secondary card’s balance actually increase that month since you added the medical bills to it plus the $114 interest? I know you satisfied the payment of $186 plus the additional few dollars for the medical bills. I can see where it would be beneficial to someone strapped for money to make the payment but just moving it to the primary card to save interest seems pretty meh to save less than $5 on interest.

  11. That works but if cards a maxed ou have to pay extra

  12. Totally makes sense! in my case, insurance won't accept credit cards. But I can do this with other bills. Thank you!

  13. Hello, i have been watching both you and Chrissy. Im still trying to understand and process the concept. Im going to attempt this when i get paid. I have a few CCs. Thank you again. Great video, and we will watching more.❤😊

  14. Paying your debts with a credit card sounds like a great way to get out of debt, and with that cash flow of $186 you now have extra money to go out to eat. That cute drawing you make is a great distraction from the reality of what you're actually saying. Good job!

  15. Why not just put the minimum payment ($186) on the lower interest card and the $198 towards the higher interest card instead of the other way around? You'll save money in the long run.

  16. You have to be really stupid at math to think this is helping you lay off debt and saving you money ! It’s a scam and you just proved it !
    It’s not saving you keys costing you money !
    You ain’t freed up any cash flow you used all the money you have to pay on debt and you created more debt

  17. But that cards balance will increase as the interest isnt paid😮😮😮

  18. This just changed the playing field. I absolutely love this was instead. I have two credit cards that I can do this on right now because they do not have interest right now. I can put those bills on those two cards and satisfy the monthly payment and have an additional $250 as cash flow….wow I just love your strategy

  19. That ladies and gentlemen is how you use 1 dollar twice. Congrats on breaking it down so clearly to people. Have a great day. 👍

  20. I always try to pay the amount on the credit card right after statement comes out instead of how you mentioned pay the amount on the 20th. If the money is sitting in bank account waiting on due dates, then it is losing the 25% interest apy that would have saved by paying on the card asap. My pay schedule is every 2 weeks and I make all payments scheduled ahead for those 2 weeks right after check clears the bank. Been doing the velocity banking way before came popular concept on youtube with basically cash back rewards maximizing. Another trick to buy time if lower income or higher exoenses for that month on bills can not pay with credit cards is that can do cash advance from credit cards and pay a 3-5% fee to actually have cash for emergency cash needed. People act scared of cash advances from credit cards but will go take a predatory loan to get by and paying back outrageous apr. Many interest rates have risen on credit cards so that the cash advance is the same as purchases now if look at the ststement. Paying the fee is not idea but if saves having to pay higher amount from a late fee on another bill, then as an emergency cash flow resolution it can help balance out.

  21. Molly, you explained this perfectly. I watch a few other VB channels, but THIS VIDEO explains it step by step concisely, so ppl can follow right along. I feel like a lot of channels say in one sentence what you just explained in this step by step video, and there are too many "gaps" or jumps that these other channels make that ppl will follow this line of thinking if they have never done this/thought of this. Heidi in Vancouver.

  22. How does this work if you have no cc debt. I have 1 student loan and i do have cc's but there all at a zero balance. Im still trying to wrap my head around this concept.

  23. Awesome demonstration! I think the key word here is prepay. I've just recently started figuring this out too. Thanks so much!

  24. This really is just debt consolidation. You still owe the money. Your “cash flow” only increases if you make more income or have less expenses. If you use the claimed increase in “cash flow” from this scenario for anything other than than paying down your debt, your not gaining anything. In fact you would be worse off. So you’re not really “freeing up” cash flow. You’re just decreasing the number of people you have to pay back.

  25. This is my first video of yours so I am not familiar with youe whole situation but I think you can go faster. First I hope you can get a PLoC as soon as possible because I is a great consolidation tool. Secondly the way I think about things I sounds like you should be looking to continue to consolidate debt not keep just it where it's at. Pay only minimum payments on the lower rate cards but put all of your spending there while focusing cashflow onto the highest rate. Overtime your debt will move to the lower rate so you can go faster. A PLoC and CC in the grace period pay off debt very fast.

  26. So you’re paying 24.74% on ALL of the balance above $198. EXTREMELY STUPID!!!! PLUS you have NO grace period on EVERY OTHER purchase!!!

  27. Please correct me if I'm wrong, but I don't think this makes sense. If you put the money for the bills onto the credit card, and then charge those bills, sure, you get the illusion of cash flow RIGHT NOW, but if you do this for a few months, your credit card bill is just going to increase because you're not addressing the interest…am I right?

  28. What if your available credit limit is too low to use to pay any of those bills that could be paid with a credit card?

  29. Thank you Molly. Another great video to explain this.

  30. I am a bit confused and would love to get out of debt can u help me with understanding how i can do mine plz how do i contact you if i can i mean so i tell you my situation ❤ love ur videos

  31. Please tell me if you got my email I sent you.

  32. I don’t have any monthly expenses/bills just stuck with cc debt trying to figure out how to use this method. Because I can’t use a cc to pay for another minimum payment on a credit card. Please explain if I can somehow work around this.

  33. I just found your channel. I have cc#1 with balance of $2680.00, pmt is $29.00, cc#$365.00 pmt $25, cc# $596 pmt $25. How can apply this stategy?

  34. I watch all your videos. I love your presentations. How do you make them? Do you use software to create your videos?

  35. Question ?? If you dont pay the interest for the month on that card the 114 , wont that pull it over limit once you pull all the money out of it for bills? I am trying to apply this method to my own bills , and havent gotten a good grip on the process yet … slowly getting there . Love your channel and the way you present the method !!!! keep up the great work

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