$30K Student Loan Paid Off In Less Than 23 Months..Without Getting A 2nd Job!

[@lovetistrue]

This was just what I needed to hear. You are a blessing! Thank you so much. I''ve been watching your videos and taking everything you have recommend to do into thought. I'm on my debit journey, I just pray I remain steadfast during my journey and strong. Thank you again!

[@TRUknowldegeISpower]

Thank u for these videos . We just started velocity banking and was able to pay of 4 credit cards with your method. 🎉❤

[@VanntasticFinances]

Nice work!

[@victorscarpulla2478]

Veiocity Banking is a great idea. Thanks for explaining it in your video. This is a game changer!!!

[@VanntasticFinances]

Thank you for watching!!

[@TRUknowldegeISpower]

Can u do a video on consolidating multiple student loans and mixture of line of credit with credit cards?

[@AnnetteLG]

I have a question. This example is very close to my financial situation in that my only debt is a $30k student loan. The part that trips my brain is this; moving all income to the LOC how do you pay the student loan payment that is leftover since the LOC is $15k and there is still a student loan of $15k? All that happened is you’re splitting the student loan in half and you still have to make that payment to the student loan. How do you do that if all income is now in the LOC?

[@Asayc]

I believe she’s factoring the student loans into the expenses per month, that’s why after paying the student loan off the cash flow in the example bumps to $1560.

[@desmondhughes9143]

Awesome. Thank you.

[@caramela4830]

This is confusing. What about the 15% interest on the line of credit? Arent we paying more in interest with the LOC? Actually, I now understand.

[@CITIGIRL07]

I am a little confused but I’m trying to wrap my mind around this method. I understand the income and expenses but where does the cash flow fit in? I’ll watch this again to see if I can catch the process better. Thanks for the content because I have $67k of student loans I need to payoff. I should have been paying all along with the 0 interest.

[@VanntasticFinances]

Keep watching videos @citigirl07 … the concept will clear up

[@dshaf7]

Thank you!

[@davidmccoach7209]

I’m trying this on a smaller scale to eliminate student loans. However I am still skeptical it will work since my cash flow is only 900 a month

[@VanntasticFinances]

That’s $10,000+ of debt removed per year. Pretty great!

[@franceswashington6178]

I got lost on the 8000.00 where did i come from.

[@kdmok]

The $8,000 is her available cash flow within the 15k LOC ($1,200×7mths=8k) Now, 8k of Cash Flow is paid to student loan, because the LOC balance of 7k is needed for expenses. The 3rd 8k payout to student loan pays it in full. No extra student loan payment, means more cash flow. So, the cash flow back into the LOC will be shorter ($1600 x 5 mth =8k). Hope that helps.

[@dmote12345]

Can you show an example of someone that works on commission (car sales) vs a set pay check.... Please

[@VanntasticFinances]

I’ll work on that…BUT you have to have a monthly income baseline. Do you?

[@dmote12345]

@@VanntasticFinances 7000.00 is avg but some months are 5K and other or 10K …. So I need to know how to handle that big swing

[@VanntasticFinances]

@@dmote12345 You would use the same method. Income in, expenses out. Doesn’t matter amount of income as long as it’s in your line of credit. Thanks for watching

[@dmote12345]

@@VanntasticFinances i disagree I’m trying to it now and bc the money is different each month I never when I’m at the end have to load up again

[@dmote12345]

@@VanntasticFinances that’s why I was hoping you could do a video based on that case scenario

[@jpgarc967]

what if you don't have a line of credit?

[@VanntasticFinances]

You should get one..

[@buildingmanager1602]

Are you really making much headway when you get paid weekly, not monthly $3k in a lump sum?

[@Michael--Hubbard]

😊