An Actual Brainstorming Call to Determine What Needs to Happen to Begin Debt Elimination.

[@UniquelyMeAlmaLee]

I am a true numbers person and this instantly made sense to me. Your videos have totally changed my perception on debt/credit availability and how it can be used to benefit us in the long run. Actual home ownership is within sight because you took the time to share your knowledge.

[@fearisasnare8468]

We have all been so conditioned to manage our finances with an outdated method that anything different is hard to grasp, but once you shift your mindset to a better method it’s an eye opener.

[@Diane-xt2cz]

So true! I'm learning👍

[@esterwacasey4318]

Well said! It’s so mind blowing to see how my debts can just be eliminated without having to get another job or take 20 years to do it

[@shelisegr8love]

Omg!!!! Once I became debt free(besides the house) I felt the SAME boredom!!!! I got back in debt!!!! I am now debt free AGAIN!!!! Now learning how to use that extra brain energy 😅😅😅

[@SuperQueenV.]

More of these videos please 🙏 This is really nice to hear a real person working this out with you. So cool!

[@ginafumi3010]

Hey Christie! I know you are a believer! Just pray before you go on your platforms that your viewers receive clarity. Its the enemy that doesn’t want us to understand. But its ok bc we are gonna binge watch your videos while we are awake and sleeping. We will renew our minds. We have been manipulated and lied to about our finances as well as everything else since we were born! You are an excellent teacher and the people that are hungry for this teaching will understand. Thank you for tearing down the kingdom that keeps us in bondage!!! ❤❤❤❤❤❤

[@VanntasticFinances]

Thank you!!!

[@debbiedamioli3199]

Amen ❤

[@veryinteresting591]

Amen amen.

[@tamikacrawford_reallifesh.t]

Amen

[@Maldeze]

Amen

[@VTgirlandherbeagles]

I remember taking business math in High school... Gosh, we were so duped. I don't know how I found you but I'm sure glad i did. I totally binge watched a boat load of your videos last evening and immediately started transferring what I could of my fixed expenses to an existing Credit Card LOC. Can't wait until payday to make that first deposit into that LOC and get the process started. I'm not in super debt but I do have some cleaning up to do with a car loan and a green energy loan that I would like to get out from underneath sooner than later.

[@VanntasticFinances]

Thank you!

[@ingridkhajeh8982]

Love your channel and your voice. It's called creative financing. I juggled creditlines to buy 2 condos and the rent paid for the creditlines. Basicaly, the HELOC makes you your own bank even though you also owe that money. This allows you to have the freedom of movement within it to pay a lump sum to the HELOC ( Your income) thereby eliminating the interest payment on the HELOC as the lump sum is larger than the interest. Then paying the creditcard by the due date from the HELOC ( Because you put your income in) also satisfying the interest on the credit card. So now all you are doing is making your income and paying your bills. Even though there will be interest charges on both, you satisfy the payments by depositing a larger sum of money than the payment. Eventually when the creditcard is paid off, then you do the same on the HELOC. Everybody understand??

[@Goatonomics]

Yes you’re keeping interest low, but only moving the money around in a circle without ever actually paying it down to zero lol. It’s a strategy to save interest but not necessarily great for paying down debt in an efficient manner.

[@juliawitt3813]

We are so brainwashed that it takes time for the cogs to getting oiled 😂 it's the interest that kills us all. Usury is also deemed a sin in the bible , so more power to this woman, and to us all for beating them at their own game 🙏

[@lillithjones993]

I don’t understand if the $12,000 is a balance of debt she already owes on the card or is it part of her $14,000 credit limit😅

[@keiranninjaspirit]

@@ingridkhajeh8982 or just don't get yourselves into a right old mess in the first place and you won't have to juggle these ticking time bombs.

[@cancio157]

“…this is now satisfied so it becomes cash flow….” Music to my ears 😊

[@keishe2011]

I got it so fast!! My very first video I watch of your was so eye opening!! I want to thank you so much for sharing it! I was taught the old way to go through your bank, but this is so much easier and saves you so much money! 🎉🤩🥰 bless you!!

[@gladyspenn4646]

EXCELLENT just EXCELLENT. My prayers have really been answered. Thank you so much for all of your help.

[@SHamm76]

Ah! I love seeing your videos pop up in my notifications! It always makes me smile and reminds me to breathe - you are just so lovely! 😊🥰

[@maxlove4906]

I agree! Christy exudes/oozes peace and serenity. This week has brought much bad news, so I'm really only watching this to buoy my spirits 🙏🙈

[@maxlove4906]

PS. On a complete sidenote/tangent, I love how she does the 'Cents' along with the dollar amounts; even tho it's always '$nnn.⁰⁰' and makes no cents 😉

[@maxlove4906]

PPS. So... personally, I like it shown / written like that, even tho it's only for aesthetics. It will also use up the ink in those pens much more quickly!! 😉🤣

[@VanntasticFinances]

Wow! Thank you so much for that!

[@VanntasticFinances]

@maxlove4906 Prayed God will bless you with GOOD NEWS and a joyful heart this coming week ❤️🙏🏽

[@alanlvr36]

Your channel is named accurately!!! I just kept saying "This is fantastic!!" Over and over again!!! ❤ Thank you so much for teaching us!

[@VanntasticFinances]

❤️

[@mmlsweet]

This just popped up. I like this style and hearing y’all strategize is fun.

[@VanntasticFinances]

❤️🙏🏽

[@jerrywagner2317]

She is good. I am working on my credit as of right now and doing what she says and it works.

[@tinahildebrandt7544]

Did you open a line of credit?

[@livingloud3945]

A suggestion to teach this strategy is to write it on the board in form of a circle showing how the money goes from one acct to the next and revolves. This simple picture may help.

[@ceeleereed]

She does that regularly in other videos. You should be able to find easily.

[@d.s.3551]

I think you need to reinforce more to people that they have to keep their spending still under their income to make this work. And yes encourage her to cancel cable and the gym to make this work better.

[@lindayoung6882]

What is the husband doing the 4 months off season? Lot of income being left off the table by not having a side hustle

[@mariannaryan456]

That's the banks that want cash gone. Every time you swipe a card, they make the transaction fee. Think about how many bills just got paid with a card in this example. On top of that, her food and other daily expenses. Not on only does the bank make the transaction fees, they charge 25% interest!! Then when the banks screw up, they get bailed out. "Too big to fail". Its quite a racquet they have going.

[@helen6365]

I've watched a few of your videos but this one was a huge help wrapping my mind around this style of banking

[@rjs6172]

Thank so much Christy and thanks to your client for sharing this strategy session. I'm very appreciative that I can continue to learn this process and the terminology, especially for when I can qualify for a PLOC or a HELOC. My FICO and Vantage credit scores are slowly improving, yay!

[@VanntasticFinances]

Yayyyy

[@thinkforyourselfuniversity]

Your channel was recommended to us by another person I follow and what you are teaching is a game changer. I'm working my expenses as your talking. I plan on seeing some improvements starting with this next check.

[@geraldconroyjr2428]

Thank you for your videos. You have helped me to develop a strategy for my wife and I. Greatly appreciate what you are doing.!!! God Bless.!!!

[@dtagdoesnttakeagenius1934]

I totally relate to the caller!!! I am stuck where she is too! OMG, I’m going to keep replying this and write down my info in its place to help me! I’m trying to re-teach my brain to pay off my debt. Thanks for this info! ❤

[@nmsauditor1a950]

This strategy only works if you are cashflow positive. $5/month is not gonna cut it. They have to reduce expenses, make more money or both. Husband could deliver pizza's, drive Uber or something to make money in the off season of his business. I would also dump the $120 cable for a $35/month Sling account, and, the gym membership would have to go also. Again have to get more than $5/month cash flow, or the are paying down $60 worth of debt annually.

[@szaritamordiceai7041]

I am absolutely so impressed and incredibly intuned that this is my second video in less than 2hrs! I am grateful because I am getting ready to start the process where owning a home is concerned and I’m in the process of compiling a list of questions to probe. Much appreciated for the insight obtained thus far! Thank you-will continue to stay tuned!

[@adams9355]

Cash is king. Cashless is a major concern and a move towards a police state.

[@westcoastmediasolutions]

Can you do an update with this lady please? Would love to hear how they are doing now.

[@zetsumei1017]

Updates would be a really cool concept

[@lauriebolland4971]

So helpful. I'm new and trying to figure out how to transition over to this system without missing payments. This shows me so much!!! Thank you so much for this!!

[@kauairootsohana]

6 beers deep still killin the game

[@davidsyrus3157]

Hi Christy, when I first understood this, what helped me was thinking of it like a funnel. Income in the top (widest opening), and expenses out the bottom (smallest opening). Perhaps teaching people the LOC is like a funnel. All income in, all expenses out. Obviously, if the LOC is a credit card, subtracting the amounts to keep in checking since they can't be paid with cc.

[@bernadettegreaves5397]

So true debt consumes you and stress u I can see it being that way because I’ve already had everything on auto pay that was the first stress relief for me with payments which also helps my credit report which reports at 3 yrs with no missed payments. That’s a wonderful treat!

[@Gigi2you]

Its so crazy that so many of us in U.S have a negative cash flow😢 A lot of ppl are "house poor" housing costs are astronomical. If this situation in this video is like yours please use this method or something alike. Peace is not something that folks have nowadays and it would make for a less stressed out world.

[@GrymmTymm1313]

Hey christy, seeing the numbers and how they all work with each other is super important to understand how this works, but I think if you came up with/did a few videos showing a simplified visualization flow chart system it would make it easier for people to grasp the overall methodology of this concept.

[@IamThatDude]

Many Americans have a trauma bond with their money. It was difficult for me to accept a new way to manage that relationship because of the time invested in the unhealthy old way. #VelocityBanking #GoodDebt #WiseWays

[@maxlove4906]

"Trauma bond"... I've not heard that term before. In essence, tho, yes, we were all brainwashed by the "system" - we can/must re-educate ourselves 🙏

[@IamThatDude]

@@maxlove4906 agreed. It was such a shock to me that I did not have to wait 30 years to pay my mortgage off. I did not have to wait forever to pay off a credit card balance. I can have a lot more control over my money, if I just had information. I am thankful for this knowledge. 🙏🏽

[@mygoodlife204]

Not just Americans! the whole world. Watching from South Africa

[@timhunter684]

Excellent!! I’m starting to get it now!! I would have had most of the same questions this lady did!

[@christiebriggs3441]

You’re a blessing by teaching us a new way. I never was able to understand figuring average daily balance. Can you do a video on average daily balance?

[@VanntasticFinances]

@christiebriggs3441 Great suggestion! The average daily balance can really only be calculated by the bank, but you can have an idea by adding the high balance for the month to the low balance after making income transfers, then divide by 2 to get the average of the numbers. I hope that wasn't more confusing...

[@tyjomeb123]

Absolutely loved this presentation. Thank you so very much!!!

[@VikingJay17]

My light bulb went off the very first video that I discovered of yours. I was actually more pissed off and excited at the same time to get started immediately

[@ilonakim5034]

If a husband doesn’t work why to pay for a child care?

[@zetsumei1017]

The husband does work. She said he works 8 months roughly of the year. Sounds like he's into some type of landscaping or something

[@keiranninjaspirit]

​@@zetsumei1017so the husband could look after kids for 4months out of the year?

[@zetsumei1017]

@@keiranninjaspirit he still may work. A lot of daycares won't accept people that have random times like that

[@keiranninjaspirit]

@@zetsumei1017 aahhh I understand

[@malzimus]

​@@Joce123Thanks for the info. May I ask which card co. it was as your comment is pretty recent compared to some I've seen. Thanks

[@lelayeedwards4551]

Ok. I just watched this in its entirety. Definitely a different way of THINKING. Very interesting. It makes so much sense, but it’s a definite change in mindset. 💯

[@chucktownvanlife4267]

It’s time for this lady to cut back expenses and her husbands gonna have to get a part-time job on his slow time. That’s a one-way to get ahead of this. It’s a short term hassle for a long time benefit. Just gonna take some work.

[@StyleRevisedByCstclair]

This was so interesting and helpful and she asks questions I would have asked. It would be awesome if you had a playlist of just calls like this. Also, we have an idea of what to expect if we do a call with you. Thank you so much for what you’re doing. I’m hopeful for the first time in decades 🎉🎉🎉🎉

[@attacktitan7849]

This lady said it. she, like me understands the math, but we are visual. She is not there with you because she cant see how to get there because the part is that you first have to change your bills from, for example manual or automatic bill pay in your banking account or vendor website to have them manually or automatically go to the new credit card. THEN tell them their paycheck is going into the HELOC or LOC and the credit cared is getting paid from that. You need a picture. NOT numbers.

[@zetsumei1017]

Seems like a good part was cut at around 29:00. Sounded like you were getting ready to say something about the cash back bonuses. I did some modest calculating. 1000 bucks of expenses with a 2% cashback. You will save a few days of interest with the cash back bonus. Thus more small amounts thrown onto the card

[@juliawitt3813]

Surely for this lady when the husband doesn't work the child care will fall away too

[@liftpeopleup]

A lot of financial professionals are saying use cash more. So I'm gonna go w that and no one is going to control me

[@dawnt5587]

Their finances scare me to death. They are beyond broke. He needs a regular job and a part-time job. Working this system might save them but there is no wiggle room. Where are their expenses for food, personal care and medical expenses? They simply cannot afford their lifestyle.

[@maxlove4906]

Most unfortunately, these videos are a reflection of many people's lives, & getting/got outta control. Thankfully, they are addressing their situation 🙏

[@VanntasticFinances]

@dawnt5587 all of their expenses are within the total expense amount every month.

[@dawnt5587]

@@VanntasticFinances If that is the standard, it’s pretty low. That’s why Americans are broke.

[@thequeenofwitches7943]

@@dawnt5587 I think she would be better off alone with that husband she got. Sounds like she's carrying most of the 🏋.

[@bootburner4544]

You forgot to add the $1,973 expenses to the existing CC balance of $12,000 making the new balance $13,973. Then she pays $2323 when that next month's payment becomes due. However that will then put her back at $12,000 owed. I know you have good intentions but you are giving financial advice based on faulty logic. You would be better off teaching how to get her living expenses down so she has positive cashflow that she can use to pay down the loans and credit lines faster.

[@nicholaskinlaw5138]

I believe her method is to pay from day 1 the CC from the HELOC first. Then add the monthly expenses and make the same payment of $2323 on the next CC due date. She didn’t state it in this video but her calculations were leading that way. The key is WHEN you start. We also have to remember that most of this example and advice given is based on one person’s salary as the caller stated she is trying to get mostly everything based off of her salary. She does inform her around the 20:00 mark that she needs to have more income for this method to work otherwise, the interest on the HELOC would catch her in a trap. When you add the husband’s income into plan it satisfies the HELOC shortfall right? Another thing to consider is if the expenses that are expected to go to the CC are fixed and not varied. If that’s NOT the case she will have another potential problem.

[@bootburner4544]

@@nicholaskinlaw5138 Even if you perfectly time the income hitting the heloc and CC payment going in on due date taking advatage of grave period, there is little to be gained from all of this shuffling of money. There will be very little interest saved between the heloc interest rate and the CC interest rate. If the husband is only working 4 months in the year they should have him look after the kids and reduce their expenses $850 per month. Then use that money to pay down the loans. Now that's the sort of advice Van should be giving to actually help people like this.

[@bootburner4544]

@nicholaskinlaw5138 Her system is simply robbing Peter to pay Paul and using the slim savings in interest costs and cash rewards to justify all the extra work. A better solution is to find the extra income to pay off the CC and HELOC faster. Here's an idea .. If the hubby is only working 4 months in the year why doesn't he take care of the kids and save the $850 daycare expense each month. Instant cashflow and the money saved can be used to pay down the loans. Now that would be useful financial advice to give this couple, rather than telling them how to arrange the deck chairs on the Titanic. 😂

[@barberricfitness1310]

I begin grasping once it’s worked down more. That’s when the “ah ha” moment occurs!

[@Jeff-gt2xu]

I, honestly, don't know of ANY landscaping / landscapers (and all the ones I know have their own businesses) that don't have work during any season. They all have snow plowing contracts so there is income during the "off" season.

[@mygoodlife204]

So all income must always hit the line of credit first!

[@fixitjohn]

Smart girl! I love your channel.

[@jamiec6671]

Thanks for sharing!

[@1107suze]

If you're going to use a credit card for all (most) of your monthly expenses and any purchases (I've done this for years) make SURE you are only using a credit card with 0% or with no starting balance. If you start to do this and just use an existing cc you have that has a high interest rate and a high balance, your monthly expenses will now accrue that awful interest rate too. The cash back rewards of 1-2% don't come close to washing out the high interest rate.

[@Tara98124]

Exactly! I’m so glad you saw that too. I was so concerned when I realized she wasn’t going to address that issue. You are exactly right. Expenses like this should only be put on a cc with a ZERO balance and be paid off each and every month!!

[@Bamapride1985]

This is the complete opposite way to work the velocity banking strategy to get out of debt. Throw the income into that card that already has a balance so then the avg daily balance is lower as you are using it and in return, your monthly interest will be a lot lower than if you just let it sit dormant and paid the minimum payment on the card. Bonus if it is rewards card bc the 2% cash back rewards doing this can offset the amount of interest that you are being charged. What hurts the process is segregation of income, which would be what you are talking about when speaking about starting with a new card that was originally 0. Once the card is at a 0 balance, don't use that card any longer and then swap over to a card that has a balance to do the same process of putting all extra cash flow toward reducing the balance on that card.

[@karennaturallyartby]

I like these real life examples/demonstration - the questions we have are getting answered as well. What does one do if they don’t own a home and have a heloc

[@jyoung8395]

Thank you for posting! It makes more sense because you explained paying the credit card with the heloc.

[@VanntasticFinances]

Glad it was helpful!

[@latishabattle8582]

Thank you for sharing this strategy ❤

[@NikkiM928]

This family needs to be realistic about what they can afford! I'm sorry! Private School!!! I would love to send my kids to private school, but living well beyond my means is not going to get it. And I bet the private school isn't teaching about money like this! They are teaching the same information as the public schools-lies and foolishness!

[@VanntasticFinances]

Thanks Nikki! I choose to not make judgment calls on what people choose to spend their money on. I just want to help them find a way to spend their money, more efficiently while paying off debt. Thank you so much for watching!

[@lindayoung6882]

Drop gym, cable and whatever else is not necessary to get out of debt!

[@nanniecath528]

100% true. Generally drop the 2nd car, the media room, 2nd bathroom and cook at home, take own food on outdoor activities and don't pay for your children's first car - teach your children about finance and they will be liberated.

[@everythingejane]

I was thinking the same thing, at least until they get their debt down. Put the kids in public school, and during the months the husband doesn't work, he can watch the kids. There goes $850 plus the $350 towards paying down the debt.

[@socogirl8610]

Thank you, Christy! I've begun this process, but picked up a huge chunk of info from this vid. ((Hugs))

[@duke6864]

I love you patience.

[@tamorazana]

The way you teach for me at least at 15:07 I immediatley picture the recycle logo, my income goes into HELOC, then out to expenses. Instead of my income directly to expenses. I just think of the HELOC as my middle man.

[@allyourchildren1550]

This was helpful to hear. I'm looking forward to our session on Aug. 9th.

[@HappyHealthyandFree]

How do I get assistance like this? I’ve healing from cancer and have had some unexpected expenses. 820 credit score with lots of availability on credit cards (credit unions)

[@jimjam5570]

*Imagine being ~12k in debt, not including mortgage/heloc, and still paying 120$ cable and a 52$ gym membership...*

[@dm_grant]

Cable... who has cable in 2024??

[@danielledantzler6373]

And you @ a negative cash flow Husband makes no money 4 months out the year and working months income super low. Husband should be working part time something during off season and on season. Cancel subscription and walk for health.

[@chrisstevens2504]

How about her husband drives for pizza delivery on the off months?

[@jp-xh4ni]

To my understanding of the video @ 26:24..isn't the 12K a BALANCE on the CC and you should be ADDING the 2323 to the CC = 14,323+ interest not SUBTRACTING it.. where are you getting the $ to pay down the CC if you are putting ALL of your INCOME to the HELOC?? Am confused and could be wrong watching this Video

[@cecilarnold6843]

Thanks so much for teaching this

[@kennycharles6041]

Perhaps the best way to teach this ‘new way of thinking’ is to remind people that when you pay the expenses with the credit card you are using OPM (other people’s money) and for every day you don’t use the HELOC to pay these expenses you are saving yourself interest on the HELOC. You may only be saving $3-4 per day but it adds up rather quickly. Eventually you will pay off the credit card and then you will not incur ANY interest charges on the credit card because you no longer have a revolving balance. It takes time in a scenario like this where you have very little cash flow. Does that explain it any better?

[@sylviefields866]

when dad is not working could save $850 a month if youngest were home with him since he is home anyway hth

[@kymberlilittlejohnwhite6603]

Describing the first expenses of $5400 in this example as a total of CC eligible payments and the living expenses would help to illustrate that the $ for the CC income transfer is already part of the Heloc expenses.

[@maggiep6503]

When is the best time of the month to pay credit card or LOC and start paying expenses? Right on or before due date? Or does it matter or make a difference when? Of course not late.

[@attacktitan7849]

Hello I watched this video and I think it would help if you would first explained to that you first have to either manually pay each of the bills at or before their specified due date using the credit card OR set up automatic charges with each vendor to charge the associated bill to the credit card. Then each month, you use money from the HELOC to pay the credit card on on the due date but you would be paying the Total of all the bills instead of the minimum payment. Im also visual like she said and have watched a couple of your other videos and it didn't click until just now. That is, until I understood that the bills would be getting charged or paid on the credit card at different dates (This is where I was getting hung up) Then all you are really doing is paying them all in one lump sum, on the due date, using some of the funds from the HELOC, WHERE YOUR CHECK IS GOING to slowly pay that down. I drew a graphic of it. Let me know how to get it to you.

[@stephaniediannehoward2121]

Hi @attachtitan7849 could I get a copy of your graphic? It sounds like what I need to get my head around this concept. TIA

[@SandiSMoore]

Great exercise ! Thank you so much

[@marystitching]

That was amazing. So setting up automatic payments is key. It sounds scary.

[@VanntasticFinances]

It’s reaaaallly simple… much easier than what you’re doing. Just a mindset change🤗

[@thequeenofwitches7943]

If I were that lady I would: *transfer the kids to a charter school= $0 *Work out at home =$0 * Cancel cable and get hulu and Netflix= $40. I don't know anyone who is still using cable. All tv shows stream on apps now. * Ask a trusted retired family member to watch your little kids at home. Pay them about $100 per week, and free meals.

[@peaceofmind6141]

@@thequeenofwitches7943I agree cable is a rip off!! I haven’t had it in years

[@denyze85]

Sounds like daycare isn't needed if he's not working

[@outfitsgarage88]

Drop the cable and get a router with your internet. It's a one time fee. And try not to get subscriptions to specific channels

[@knitting-fashion]

Remove cable, you don’t need it. +120$. Cancel gym membership +52$ =172$

[@jeang6748]

This is circular cash management

[@VenusDoom446]

How is private school LESS than daycare ??? Just had to point that out.

[@sapphireblue1013]

Possibly 2 kids, maybe?

[@TheSingingVocologist]

Hi, Christy. Thank you for sharing your knowledge. Can you do a video about putting your money into a life insurance policy instead of a bank? I’m intrigued. If you’ve already done one, can you share the link? Thank you!

[@VanntasticFinances]

kzbin.info/www/bejne/e32wfZqXqdF2i68 Infinite Banking with Chris Naugle

[@rickfromjersey8098]

Great video ! thank you

[@renatal1972]

You have to be careful with Heloc, the banks will close them with only a 30 day notice, even if you are paying on them timely

[@lauracarreon5378]

She did not get that she has to setups automatic payments to pay from the credit card.

[@JessicaRamirez-jd8ze]

Is it worth paying things such as utilities and such with a credit card as they charge you a fee when paying with a credit card oppose with a debit card? I know it’s around $6-$10 fee when paying my utility bill with a credit card.

[@beabchill]

In my educated opinion; this is when one must do their own personal homework and calculate the cost of the expenses/fee(s) if choosing to pay with debit card, Ploc, Heloc, or Credit card. Only one knows the terms of agreement(s), and reward(s) when and if applicable.

[@DrTracyND]

Question? What do you suggest with bills like rent that charge fees to pay the bill with anything other than your checking or savings account?

[@davebrown7009]

The way I see it…you are just reducing the avg daily balance to reduce monthly interest.

[@TraumaChaplain]

So is it a reality that you will have a high probability of losing your house with the HELOC if your house is significantly risen in value or you have equity in your house?

[@Meltyfairy]

Interest reduction based on per diem balance transfer is how you could explain the why

[@createdonthate]

A light bulb 💡 went off the with the first video I saw ❤ Thank you for sharing your knowledge 🍓

[@zattut]

You said that putting income toward heloc satisfies the payment, but you did not subtract the payment from income. It should be heloc - (income - heloc payment) instead of heloc - income. Please explain, thanks

[@noellearguelles8158]

I have watched several videos I understand the concept but I am just not sure how to apply this to my situation. I have no HLOC no PLOC just one cc $500 to maxes out. Should I use that CC? Do I make one income payment each month or as I get the income coming in?

[@wigalo2081]

This method doesn't work. What will work is to scrutinize your budget and find a way to make sure that your expenses are less than your income. Once that happens, you can then devise a strategy to attack your debt. Velocity banking is not the magic bullet. The magic bullet is doing what I indicated in paragraph 1. It is an absolute shame that Christy and the other deciples of this "strategy" aren't making that crystal clear. The jury is still out on whether they even understand this themselves, which is scary considering the number of people that follow.

[@gaylejackson9288]

Hi so I’m trying. Just found out ALLSTATE INSURANCE will not take the credit card for the payment. I’m going to get this figured out. I’m tired of THEM ALL owning me. 🙏🧂🧂

[@evershade.after.dark.]

I have Allstate as well, and I ran into the same problem. 😭

[@sonya5568]

So did i miss a video about banks, etc. i have several bank accounts and yet still need to get a system to pay debt. Your suggestions when it comes to banks etc? I am nervous with selecting the wrong type life insurance, etc. I need to learn!

[@judyelias1858]

It’s very hands on when you get into the nitty gritty. Would you be transferring money in and out of HELOC weekly?

[@luisdr01]

Her system doesn't work when there is no extra money to play with. On her other videos, ppl have more money coming in than expenses and the debts basicallly get paid off by putting extra payments, nothing to do with her methods. In this case she has no solution because it doesn't work.

[@esalenchik]

Which is why Christie said you need to either find more income, or reduce expenses

[@Mike-ym6rl]

She has a starting balance of $12000 on the credit card. If she is adding expenses to the card every month, should you not add $2323 to the balance making it $14323, then on due date transfer money in from the HELOC to pay down the balance?

[@PoeticallyDivine]

You would start the process by paying the $2323 towards the credit card bill. Then, you would start taking the expenses out throughout the month. Doing it this way would prevent the balance from exceeding that starting $12000 balance. The sequence matters because you want to keep the daily balance low to minimize interest.

[@Tara98124]

⁠​⁠@@PoeticallyDivinethat still doesn’t make sense to me because she’s still going to get right back to $12,000 after all expenses are charged. The credit card strategy seems not to actually reduce the debt by much at all over time. But, please, correct me if I’m wrong.

[@heminole4life849]

Also the limit on that card was 14k so she couldn’t use it.

[@Kittiesinclair5]

Suggestion to cancel cable. Unnecessary when u have internet. Also cancel gym. This gives a pos cash flow.

[@constancem2377]

Not making money is not the same as not working. Roofing company can't work in snow or thunderstorms but still calling , marketing and lining up business for the future. Can't call it income because all that work didn't make a dollar today, but will be $10k in 3 months. She needs to know the 12 month average of her buisness and live off that number instead of playing catch-up when the funds come in. As a seasonal buisness owner you need a strategy for all 12 months of the year.

[@carolray9156]

I'm totally confused 🤔😕

[@christopherrogers8316]

how can i get some help? i need help arranging my finances.

[@westcoastmediasolutions]

Her husband needs to get some side hustles when he’s not doing landscaping. There is no excuse for him not work at all during the slow season! And even during the busy season he should still work some sort of side hustle like rideshare, food delivery, courier services. Or if he’s handy around the house he so odd jobs or simple home repair jobs for cash.