How to Pay Off A Credit Card with 0 Cash Flow!

[@andrewcartwright]

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[@duketate954]

so full of shit

[@voxpopjuli]

It sounds interesting. But that is,,, it only sounds and/or looks,,, but in reality,,, it does not seem so feasible to reduce the debt quickly,,, and therefore; stop giving away money that we do not have to the bank.

[@patriciaosuch]

OMG I love this! You are so smart. Between the banks and the government we’re screwed. I’m 76 and am still paying on a proposal through BDO. Can’t afford the 650. They are charging me for 5 years. I did this when I had a business. Now I’m no longer in business so comes out of my pension. Everyday I try to figure out what I can do to get out of this mess. Keep up the good work . ❤

[@organichuman]

This is good advice or insight but now credit card companies (at least in the UK) now started to charge interest immediately.

[@JuggaloNY]

​@@patriciaosuchdo you have overdraft protection set up on your bank account? ODB what is a stand for is it overdraft balance? Jc damn I hope you get things figured out I'm sorry that you're struggling so late in life have a hunting feeling that most of middle-aged people in the youth are going to be an extraordinary debt If people do not educate themselves soon and implemented early in life it's something like after the age of 18 every year that you don't build credit hurt you by 5 years and by the time you get 21 every year it hurts you by 7 years. This is coming from a very old article that I read a long time ago take that with a pinch of salt but it makes sense

[@justineubank6497]

Velocity banking, it's not being suppressed. The only way to get out of debt fast is to pay more than the minimum payment.

[@brianasullivan1121]

Actually the smartest thing is to open only zero % interest credit cards…pay the one time 3-4% transfer fee and get 12-18 months to actually pay down the principle with the same money you would have used to pay the minimum (interest only). Rinse wash repeat to pay off all debts, increase credit monthly and use OPM to do it.

[@5peed8ump30]

25% interest on $9600 doesn't give you a starting balance of $9600 for next month. You're still falling behind because of recurring interest charges on outstanding balance.

[@tubeingdee9735]

But less interest if you pay before closing date because the cc interest will now calculate on the 8k not 10k. You have to plan it right and repeat. It's the interest that kills us

[@robertkerr229]

@@tubeingdee9735 No, it is calculated on the average daily balance, so not much less than 10K if you pay just before closing date.

[@mthompson863]

If that was your take away from this? I would suggest taking up basic math again 🤣 Not to mention.. there are dates that are involved when that 400/mo payment needs to happen and when that 1600/mo needs to be applied in order for you to have and utilize that 1600/mo interest free.. Read the fine print

[@688PT]

Exactly. All these velocity banking 'gurus' never factor in monthly interest.

[@hectorrodriguez-ex9jl]

You didn't account for interest added to the balance each month 🤷‍♂️. This math does not seem accurate. 😞

[@greenerpastures1000]

One of simplest ways to reduce your total interest paid on your credit cards is to make your payment to your credit card the day after the closing date, not the day the payment is due. That way there will be less days to charge interest.

[@Mikajja]

That's a real good way to get a late fee

[@Mikajja]

Late Fees apply if you Don't pay by the due date, previous month finance charges are assessed on the cycle date. Interest is calculated daily from the previous month. Credit cards are always one month behind. Best thing to do would be to pay the minimum due by the due date and then pay extra payments immediately starting after the cycle date because that lowers the amount balanced for the finance charges to be calculated against.

[@greenerpastures1000]

@@Mikajja I guess I wasn't clear. Make the payment just after the closing date which is usually 2-3 weeks before the payment due date. You'll save 2-3 weeks interest.

[@Mikajja]

That is perfect because you're then you're actually paying it early and that is the best thing to do every month.​@@greenerpastures1000

[@williamschiferl-j7e]

All these Yt video tutorials actually don’t work ! their solutions doesn’t exist for making money online ! KZbin content creators care more about the views and the pay…

[@pamspencer8827]

Be careful doing this. Credit card companies are shady and will lower your limit as soon as you make a large payment and then that money is no longer available to pay your other bills

[@McKeeFamilyFinds]

Agree 100% However it will depend on debt to income ratio. This number will vary for each person.

[@FlamingBlueKing2012]

@@McKeeFamilyFinds isn’t the goal to pay off the credit card

[@Big313Zo]

This happened to me but during Covid so i wasnt sure if that was the reason

[@TWISTEDMOTIONLV]

Yes this happens now everytime ! All cards are doing this now to combat this strategy

[@jortega61924]

Mine credit company has not lowered limit at all. They actually increased it when I pay the whole thing off at once. I don’t have high limits to begin with. I have a 1000 dollar limit.

[@MasonAnderson-wx3xf]

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[@brandBull-wf5go]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

[@DrRobertEdward]

You trade with Angie Owens too? Wow that woman has been a blessing to me and my family.

[@LewisCourtland-gg4fz]

Angie Owens strategy has normalized winning trades for me also. and it's a huge milestone for me looking back to how it all started.

[@ChanMingMason]

I'm new at this, please how can I reach her?

[@MorrisDave-f5q]

I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.

[@toluca56]

Basically this is velocity banking. You can use a personal line of credit and do the same thing.

[@kevindietz1568]

@@toluca56 which is add an extra step to paying your bills?

[@richardking4514]

​@@kevindietz1568In a way, but it allows you to pay less interest. I did this forever ago to pay off my cards. All my bills were autopaid on the CC. I'd pay my mortgage then throw everything else into the CC. As the bills get paid throughout the month you start accruing interest on that money, but if you had kept that money aside or paid all bills on the 1st you're paying interest all month. Remember that your APR gets broken down into a daily rate and you get charged interest daily (on purchases past 30 days old). That extra step lets you owe the least amount on your balance and pay the least amount of interest. If you can make a spreadsheet you can run the numbers yourself. This whiteboard demo is simplified and has some minor inaccuracies.

[@adayinthelife8838]

You forgot to add the 377$ in interest going into month 2. So the balance is actually around $100 less.

[@robertweekley5926]

Really? 21% is not the Rate for 2 Weeks, it's the Annual Rate! That is divided by 12, to 1.75% Paper Month!

[@robertweekley5926]

Actually, 21% "Per Year", so 1.75% per Month (21/12)! Or, $175 "Interest" on $10,000! So, the card balance drops by "$400-$175=$225!" So, while his math ignored Interest, the Concept is still viable for someone with No Money Left Over, "So long as they commit to doing it exactly, without spending More!" The Actual Second Month, would be more like $9,775, if he paid the $175 in Interest, and continued to spend the same! Next Month, it could be lower by more that $225, because Interest $ are reducing on the lower balance! Plus, the actual Interest $, are calculated based on "Average Daily Balance" not "Peak Balance!" So, that "$2,000 Big Payment, does drop your Balance by the Full $2,000, until you spand to increase the balance once again!

[@adayinthelife8838]

@@robertweekley5926 29.99% sounds more accurate.

[@StephenLazarus-t8i]

Unfortunately, financial education is not readily accessible to Brown communities. I appreciate your encouragement to seek out this vital knowledge and bridge the gap.

[@FrancoBen-ot7ud]

Diversifying income streams is now essential for financial stability, providing a safety net against uncertainty and securing long-term success.

[@KellyGeorge-hl4xi]

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[@Kaffeespot33]

well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.

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There are many coaches available, but Robert Amelia, stands out as a popular choice. Her recognition is growing daily, and her strategies have been highly effective during this period. With years of financial market experience, she is someone I cannot afford to lose as guidance.

[@gganon2762]

I have seen these videos over and over and never seemed to actually get it. The way you explained it made complete sense 2 minutes into the video! 🎉❤

[@afaflasmar8026]

he is not adding interest charged , so all this is not accurate.

[@phil-spinelli]

man, if your cc balance is 10,000 and you make a payment of 2,000 payment, your balance Will Not Be 8,000. Try it and you'll see. Some of the payment goes to interest, not all principal.

[@AndrewWright-g1s]

We all consider *royal recapture* and to be a pro financial expertise computerist who can actually fix the making money online issues unlike this video which doesn’t help at all✌

[@ClaraHavard]

The method they use is the exact solution to every difficulties we are facing regarding making money online..

[@junito1008]

Sir, the way he said to do it it’s the best way…obviously, there will be some interest because you have a balance but the $400 that you’re paying is out of interest now.

[@jeffreyblaine5505]

What about the interest on the original/remaining balance?

[@Manjunathmanjunath-yf6pg]

The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance

[@daleduncan5080]

Scam! I’m so sick is seeing this ridiculous bot crap.

[@OliviaMmmm]

God if i had a dollar for every borlest bot comment

[@robertnelson1526]

Been doing this with my budget for the last 8 years and have saved 50 thousand while on a pension it’s works

[@DAVIDCURTIS-c6l]

fantastic video and i did not know how to clear my credit cards. you have opened my eyes to clear my debts and make money to improve my quality of life. thank you and will watch more of your videos and have a great day.

[@12jdevore]

Hi I liked your teaching. However, as a lot of people shared you did forget to calculate the interest in. But it's still a good idea to do this. And they will save $ 420 a year on interest and gain a lot of points which will gain the money.Also their credit score will go up!

[@gardenfishes]

Exatwhat I came to say. Interest is probably $300 in that. Doesn't change a thing except credit score when the $2k hits.

[@elliott7384]

Andrew, I didn't quite get it. I see what you did, but when or how do you pay utilities, car note/ins, Ins, etc.?

[@elliott7384]

@@RaeMcCarver thank you. I'm not sure if that would work in my case anyway. A few of my cc are maxed. Thanks again.

[@junito1008]

⁠@@elliott7384let me help you both !! Your cards are maxed right but you’re still paying bills with your debit card. His point is to take the $200 cable, $800 car note, $100 electricity, and pay that $1,100 to your car +$400 that you usually were paying. Doing that, you don’t pay interest on the $400 and get points or miles because you are making more transactions.

[@voxpopjuli]

Okay Andrew,,, Forgive me, but the explanation is not clear! It is more; it is confusing.! You don't talk about the new interests... And if we deposit $2000 and then, we spend it again; since there is no cash flow,,,, what is the point.? Where is the profit.? Can you explain the case with more precise numbers.? And slowly... Thanks...

[@BT-dq6vu]

I wish I could go to that training, still working on being able to afford this kind of knowledge. Love this guy I’m trying some of his advice this week I’ll let you know how it goes

[@magic0423]

This video should be titled "How to make a monthly payment overly complicated." You send $2,000 to the credit card and spend $1,600, thus the balance reduces by $400. That's no different than simply paying the $400 monthly payment.

[@azrealtorval6698]

... and I love that you just gave me this tip!!! I just got dingged $90 in interest and I didn't I've the cc at all last month! I'm switching my direct deposit tonight.

[@userfromnyc]

That $400 isn’t killed.. with that kind of income, that person most likely using the $400 again and the debt is still $10k if not more!

[@robertweekley5926]

Obviously, you would only attempt this, once you had decided "Enough is Enough!" Then, your Commitment has the power to get it done! 🙄

[@vadimlerner2831]

It's called velocity banking.

[@Deplomaplugin]

You’re still paying the credit card on the payment due date. You need to flip the credit card to pay on the statement closing date to pay it off faster. 🤔

[@breaking_bear]

You may have just changed my financial life with this video. Thank you Andrew!

[@andrewcartwright]

Happy to help!

[@AnthonyDoty]

When did you start talking about velocity banking? 😀

[@mikecorazza]

This is definitely interesting and thank you, andrew. I'm assuming we can't put all of our earnings ran into our credit card because we do have to leave some money in our checking or savings account to be able to withdraw cash once in a while to pay for smaller expenses. We also have some bills that are credit card doesn't allow US Auto withdrawal so we pay them out of our checking account as well. I'm trying to think of a formula on how much to put right into the credit card versus how much of my wife and eyes earnings to go into our checking account.

[@LifebyLisa4444]

If one pays all utilities with a credit card, add about four bucks for the fee to use your card for each bill paid.

[@AndrewWright-g1s]

We all consider *royal recapture* and to be a pro financial expertise computerist who can actually fix the making money online issues unlike this video which doesn’t help at all✌

[@AndrewWright-g1s]

The method this video pointed to isn’t really working.. *royal recapture* is the solution to all difficulties and high unapproved rates surrounding making some money online..

[@AndrewWright-g1s]

The method they use is the exact solution to every difficulties we are facing regarding making money online..

[@AndrewWright-g1s]

We are in same condition before until I search and meet them to get it done for me swiftly

[@AndrewWright-g1s]

All these Yt video tutorials actually don’t work ! their solutions doesn’t exist for making money online ! KZbin content creators care more about the views and the pay…

[@MeFirst10132001]

This would’ve been helpful when I had a job. I wish I knew this. Very smart. Thanks for this.

[@ianwelchko]

Andrew, Where is the monthly interest charge? $1600 charged + $400 + interest charge?

[@ianwelchko]

@andrewcertwright Thanks for the great content!

[@C_Squared]

You didn’t account for the 29% interest accrued

[@TexasWatchman]

Genius! Glad I found this channel!

[@magic0423]

This video should be titled "How to make a monthly payment overly complicated." You send $2,000 to the credit card and spend $1,600, thus the balance reduces by $400. That's no different than simply paying the $400 monthly payment.

[@roxcee6710]

Still paying interest until the balance is paid in full, unless there is 0% interest. There will be less interest each month, can use the difference to continue to pay more each month.

[@johnhalbert7220]

The $400 you owe to the credit card company is interest. So when you pay $2k on $10k, your balance will be $8400, and you'll go right back up to $10k when you spend $1600, and pay another $400 in interest the next month.

[@williamschiferl-j7e]

We all consider *royal recapture* and to be a pro financial expertise computerist who can actually fix the making money online issues unlike this video which doesn’t help at all✌️

[@williamschiferl-j7e]

All these Yt video tutorials actually don’t work ! their solutions doesn’t exist for making money online ! KZbin content creators care more about the views and the pay…

[@williamschiferl-j7e]

The method this video pointed to isn’t really working.. *royal recapture* is the solution to all difficulties and high unapproved rates surrounding making some money online..

[@williamschiferl-j7e]

The method they use is the exact solution to every difficulties we are facing regarding making money online..

[@williamschiferl-j7e]

Your expertise in finance technologies and architectures is truly outstanding… Thanks for getting me the cash flips even before the speculated time. *royal recapture* doing it seems like a norms when it was impossible for me to actually get this done.

[@shadrachwilson1211]

Oh man! I feel so stupid now after seeing this video. Gosh, why didn’t I see this video earlier 😢 now I have been sued by a credit card company after I stopped paying because I lost my job. This is really gonna help me a lot!💡

[@JoeCastellon]

To whoever did the editing on this video, when you switch to another angle, keep the good audio, don’t also switch to the audio of the other angle 🤦🏻‍♂️

[@ScottGenX74]

I know, right? 😅

[@pedrolimaneto5573]

What about if you have multiple credit cards? Then, this method might change

[@magic0423]

This video should be titled "How to make a monthly payment overly complicated." You send $2,000 to the credit card and spend $1,600, thus the balance reduces by $400. That's no different than simply paying the $400 monthly payment.

[@AnonymousMisspeller]

I had to read a number of comments to find yours. I wanted to see if anyone else figured this out before I stated the obvious. Clearly, it wasn't as obvious as I thought it was. Most people got caught up in interest charges and due dates and completely missed the simple math of it all. kudos to you for knowing how to prove a theory. I, too, was excited about this guys claims until I sat and did the math myself. This video should be titled something like, how to drive yourself deeper in debt by kidding yourself into thinking you don't need to make minimum payments any more. I guess that would be too long a title though.

[@magic0423]

@@AnonymousMisspeller I've seen this "strategy" detailed on various videos and it's really just throwing out a bunch of pointless information (what monthly expenses you have, how the credit balance decreases when you make a larger payment, ignoring the fact that the credit balance simply bounces back up as you use the credit on expenses, etc)... all to cloud the simple math that is involved.

[@rubengarcia6010]

Thank you, excellent info, what if I have 4 credit cards, how do I do it?

[@grinsystem]

Look up Velocity banking. This is the same thing. TLDR: You pick the card you want to start with, Doesn't matter which one, but if your smart, the one with the largest balance, the one with the largest interest rate, or where you can get the most benefits by releasing it and using it if you can pay the balance off each month(eg cashback). You just pay the min on all of the ones you are not focusing on, treating it as an expense. Once you finish off your first one, you go to the next on. You do not worry about savings, growing money, etc. You focus on paying debt and nothing else.

[@breeziwalton17]

Maybe you can divide and conquer your expenses throughout the four cards and just make sure that you’re charging your outgoing cost distributed on each specific card email that you’re paying. But also making sure that the minimum payment covered on each. And if you can, the minimum payment plus interest.

[@dorisdepinar21]

I did the smallest to the largest applying the same principle. Put all my cash flow one credit card at a time till done.

[@cookiejones9434]

​@@dorisdepinar21so did you pay the minimum on the others? I have 3.

[@josesilva-ej2xt]

When you say put it on “auto pay” that’s after it’s deposited into your bank account right? I get paid weekly so I’m wondering how I could set up autopay for my mortgage 🧐 could I do a little every week

[@morgyBear711]

I want to see the details of each of these. I want to learn how to be better at money. I am so tired of being robbed all the time.;

[@scurrie425]

This is Great Financial Literacy 💯

[@SuperHumanBlizz]

It definatetly reduces your interest accumulation, however, you will still be charged interest on the carry over balance (8000 for the 1st month etc) this amount needs to be added in each month. It is a better way of paying of your balance but the math is not correct.

[@BigKidRook]

Love the video Brother! Best wishes! Gonna work the plan little by little, still gotta pay my bills, but gonna use all extra money to pay off cards immediately. Especially, with my tax return and yearly company bonus.

[@tulip24r]

What about the interest being accrued every month?

[@Michael-si9ci]

*Mind blown.* Thanks!

[@MrDavidbrockmeyer]

Paying off a credit card every month is good, but you can't make the payment on the due date. You need to make the payment before they send the report to the credit bureau so that every time the bureau gets the report, it always shows a zero balance

[@annamariafrangis1338]

Yes the payment that is due is not on there but this makes total sense

[@Truther2001]

Hello good sir, tnx for the video. You've earned yourself an Algorithm comment and s new sub!

[@hopebeason2117]

Just bumped up on your channel... it's a God send...have to pass this on to my child...He works so hard and is drowning in debts...do you do consultation?..I wish he could speak with you...Thanks for this valuable information..

[@magic0423]

This video should be titled "How to make a monthly payment overly complicated." You send $2,000 to the credit card and spend $1,600, thus the balance reduces by $400. That's no different than simply paying the $400 monthly payment.

[@dannyc8875]

Really good stuff. Is there a best way to do it over 3 cards ?

[@SelfEmployedDad]

For those of you asking how to do this with multiple credit cards go watch the KZbin channel ask me how I budget she explains how to do this with multiple credit cards

[@davidmonast]

He never calculated the interest. He conveniently left the interest amount out of this scenario. This will not work!

[@therealjpbeltran]

Andrew, any recommendations for where to get a HELOC for an investment property owner by my LLC? Most banks do not want to do a HELOC if the property is not under my name 😢

[@jamesearly729]

So this program is for a credit card balance carried over time versus one that has been paid in full each month. Would love to do the same program with our mortgage loan balance.

[@jimreome]

I’m still confused. If you put the money that you were gonna spend on your bills toward paying off your credit card and then use the credit card to pay your bills instead of putting your check in the bank and paying your bills out of bank account. Ok but you still end up at zero at the end of the month and your credit card debt is back up to where it was because you put the 2000 in but you also charged 2000 on that card for that month. So where again is the upside to all this?

[@ZenZone143]

I just said the same thing. This doesn't add up

[@nguido6542]

You’re not paying close enough attention. Watch it again and few times and LISTEN

[@ZenZone143]

@nguido6542 I have and still no clarity would u be kind enough to just explain it? If our paycheck goes to the credit card we have to now use the credit card to survive and pay other bills the cards balance doesn't decrease all we have done is paid the credit card the balance Will end up being the same

[@ZenZone143]

@@nguido6542 listened to it multiple times

[@rubecountryman]

The idea is that $400 of your $2000 in expenses is the CC payment. By putting $2k into the CC that covers the monthly payment plus $1600 extra for your expenses which means you essentially paid an extra $400 on the CC balance.

[@burlmapleleafs]

I'm staying with my brother. My cat uses the litter and keeps putting the little out in the hallway and then my brother freaks out on me. And I don't have a credit card.

[@newimagepropertiesllc4921]

Man I wish I would have known this 10 years ago you just dropped a lot of information thank you so much I'm sharing it with my business partner he has a bad credit score too I hit a moment where I didn't have money coming in and everything hit the fan lost a lot of my credit score and now I'm trying to get it back I hit down to a 570 I'm looking to turn it around I just got a check in from some real estate I sold I'm in the real estate but now I'm ready to take off like a rocket ship

[@johnhennerberg203]

NONE of my bills will allow payment by credit card... I just checked... Not one... what do i do?

[@joethompson2910]

Go to the bank and get a personal line of credit instead of using a credit card....or at least, thats what someone suggested....might be worth checking out...

[@jasona8877]

Ikr? That’s how they keep us in debt.

[@aleckpons2773]

Ok. So if you pay 2000 a month but only use 1600 to ezpenses. Effectively meaning 400. . Which would be 25 payments of 400. The. Allow for the fact that once you have2000 left the card is paid off. (2000/400=5) That is still 20 payments. That is with no interest being charged. The credit card company will be charging interest on the card because your balance is at 8000. Etc until you get to 0. So his way is better but nowhere near the 17.5 months he claims.

[@ClaraHavard]

We all consider *royal recapture* and to be a pro financial expertise computerist who can actually fix the making money online issues unlike this video which doesn’t help at all✌️

[@ClaraHavard]

All these Yt video tutorials actually don’t work ! their solutions doesn’t exist for making money online ! KZbin content creators care more about the views and the pay…

[@ClaraHavard]

The method this video pointed to isn’t really working.. *royal recapture* is the solution to all difficulties and high unapproved rates surrounding making some money online..

[@ClaraHavard]

The method they use is the exact solution to every difficulties we are facing regarding making money online..

[@ClaraHavard]

Your expertise in finance technologies and architectures is truly outstanding… Thanks for getting me the cash flips even before the speculated time. *royal recapture* doing it seems like a norms when it was impossible for me to actually get this done.

[@MesutMilleliri]

As an enthusiast, I would like to know the most effective strategy during this period of volatility with the rates? My portfolio is in (20% Index funds, 20% ISA/SIPP and other assets). Right now I want to explore different strategies to benefit from a potential bubble.

[@NoahNollens]

This is the exact thought process of most persons handling their portfolio themselves. I will advice you engage with expert guidance to help you make smarter portfolio decisions and avoid any fiasco

[@jamiebarley4098]

I dont quite understand. Can you explain the 30 days etc?

[@LydiaCarr-ne3pi]

Thankyou for this video. ❤

[@michelejones6616]

What if I have several cards because my income went down. I’m drowning

[@florencepratt389]

Try to consolidate with a card that has0% and alternate cards

[@gustavoflores9987]

SI SIMPLE ,SO NICE ,SO SWEET.. THANK$ A MILLION....

[@haceyalvarado4336]

Where do the interest fees go???

[@Craig-Ra]

Awesome video you bring the real!!! ❤

[@djextrodinare9495]

So Quick question 🙋🏽‍♂️, how about if I have a balance of $1900.00 on my credit card. How much more should I pay than the Minimum balance to get Down faster and boost my credit score ??

[@Ai_Mindz]

Credit card and ‘loan’ companies don’t actually lend anything, you create the currency when you sign the contract, but the contract is always null and void because they will NEVER provide full disclosure! Learn the game! You do not have to pay anything back because again they didn’t lend you a single penny!! Yes they will try come after you by selling your data to a 3rd party but they are not actually allowed to do that because the contract was null and void from the beginning!

[@kevindietz1568]

So the theory is if you pay $2000 directly on the card it covers the $400 payment on the card. But if you pay the $400 on your card, and then $1600 to your normal expense, the $400 doesn’t count?

[@tsadaqah]

You're still paying the $400. Lol If you notice, you're putting $2000 on the card. Only. Paying $1600 in expenses. That still leaves the $400 that you're paying on the card. 😂

[@kevindietz1568]

@@tsadaqah what do you mean leaves $400? If you put 2000 on the card and then use the card to pay the 1600 you would have in the first place, you’ve added an extra unnecessary step. I’m not seeing the relevance.

[@tsadaqah]

@kevindietz1568 you pay $2000 on the card. You charge $1600 for your expenses. $2000-1600=$400. There is your normal credit card payment of $400. That is why his math doesn't add up because you are paying the same thing as you are either way. Plus, in his scenario, he doesn't show the interest being added each month. I think you and I are saying the same thing, basically.

[@RalphMickey]

OK... I get it.. BUT - What about all those bills that do not allow or have the option to pay it with a credit card ??? pretty sure my car payment, Electric and others only take checking accounts ...

[@paularmstrong7477]

In the example given, 1000 was kept in the bank to pay those kind of expenses, 2000 was paid to the credit card to pay other expenses. Example was for 3000 a month income

[@MysticArwen]

Thank you!

[@pvt.2426]

Clever way to pay down credit card debt with zero cashflow.

[@laurannbrook9964]

This is probably one of the best ive seen from you. Thanks. Im not sure this helps me cuz my debt is not credit cards and no or poor credit.

[@laurannbrook9964]

@andrewcertwright ??

[@CSD793]

I wish I could do this for all of my expenses but unfortunately some bills such as my car lease payment, have to be paid by bank account.

[@ZenZone143]

If my check goes str8 to my credit card I will have to use Said card for gas food and etc.. so my balance isn't goin down. I'm not understanding this at all.

[@nousroulons]

He is saying that by paying earlier that $400 becomes a principle payment instead of an interest payment effectively bringing down the principal owed...

[@jurainvilla8209]

You’re essentially moving what you would use on your debit card to your credit card to fulfill your minimum payment- bringing down the balance (what you owe), fulfilling your minimum payment, lowering interest rate as you are paying a higher amount a month than the minimum, also your credit score goes up because of everything above

[@ChereWealthStorm]

This was great advice 🙏🏻💯

[@Yello5.0]

@@ChereWealthStorm it’s really not because you can’t pay mortgage/rent, car note an some utilities with a credit card. So to put your months / weeks pay on your card is foolish

[@StudentLoanMillionaire]

Thanks

[@smasatob2]

What about interest on the credit card? This is a huge miss so not realistic.

[@Keto_Mike]

Velocity banking! I paid my house off in 2 years doing this.

[@bitKitty]

I’ve tried this…why doesn’t it work for me? I get my pay, I put the majority of it on my credit card. So, then there’s enough room to pay my rent, w said credit card. What then?… the credit card balance goes back up to what it was, before I paid my rent. So, it never goes down… what am I doing wrong???

[@Keto_Mike]

@@bitKitty are you making more than your expenses?

[@AnthonyDoty]

@bitKitty You may have a negative cash flow. Check your expenses.

[@bitKitty]

@@AnthonyDoty I definitely am broke , but in the video, he started with 0 cash flow. Which is why I tuned in.

[@AnthonyDoty]

​@bitKitty Yea, it will work with 0 and negative. Are you putting the majority of your paycheck in the line of credit. If you need help with reviewing what you have I would love to help.

[@Sobored518]

Video going to different angles is fine but the audio quality/volume jumping around so much is tough to listen to.

[@deborahhelm3488]

Andrew, how do you do this with several credit cards and two small income sources every month that cannot be combined. Please redo this to update this; one check goes to rent. I understand what you are saying and truly appreciate it, but I don't see how you can realistically do this with more than one card.

[@SelfEmployedDad]

You can go to KZbin channel "ask me how I budget" . She explains exactly how to do this with multiple credit cards

[@freegee3503]

😉 This isn't the way to go. All debt is an obligation of the US. 12 USC 411 Have the US take care of it. More people are learning how to do this everyday. 👍

[@dogegamer3288]

velocity banking is nonsense.

[@santaerikclaus]

So this “John” guy has a interest free account? How is that normal?

[@newimagepropertiesllc4921]

Me and my partner have 27 houses with bad credit scores now we can clearance some of the properties and focus on raising our credit score

[@ClaraHavard]

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[@ClaraHavard]

All these Yt video tutorials actually don’t work ! their solutions doesn’t exist for making money online ! KZbin content creators care more about the views and the pay…

[@ClaraHavard]

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[@ClaraHavard]

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[@ClaraHavard]

Your expertise in finance technologies and architectures is truly outstanding… Thanks for getting me the cash flips even before the speculated time. *royal recapture* doing it seems like a norms when it was impossible for me to actually get this done.

[@elizabethavramov930]

What about the interest on the remaining balance?

[@johnfaranda9627]

Depends on when the money went in... and when the account closes for the month, hard to save much without putting extra in....

[@octanesuccessleslie]

Heloc strategy,,,, on repeat!

[@user-es5jq6yy9l]

This is assuming you can use your credit card for the non rent expenses. It's just going to get interest added on it

[@jevonwilliams8749]

The interest was going to be added either way. Now you're adding interest to less money. That's how this works.

[@AndrewWright-g1s]

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[@AndrewWright-g1s]

We all consider *royal recapture* and to be a pro financial expertise computerist who can actually fix the making money online issues unlike this video which doesn’t help at all✌

[@AndrewWright-g1s]

The method they use is the exact solution to every difficulties we are facing regarding making money online..

[@AndrewWright-g1s]

@@jevonwilliams8749 We are in same condition before until I search and meet them to get it done for me swiftly

[@shannonperez9408]

Oh yes, this is the velocity banking thing but if you got two credit cards and they’re both maxed out, it makes it kind of hard definitely

[@paularmstrong7477]

Do it on one card first, once that is cleared move on to the second one. Probably have to keep they second cards payment in cash in your bank as not all cards accept payment from another credit card.

[@ClaraHavard]

We all consider *royal recapture* and to be a pro financial expertise computerist who can actually fix the making money online issues unlike this video which doesn’t help at all✌️

[@ClaraHavard]

All these Yt video tutorials actually don’t work ! their solutions doesn’t exist for making money online ! KZbin content creators care more about the views and the pay…

[@ClaraHavard]

The method this video pointed to isn’t really working.. *royal recapture* is the solution to all difficulties and high unapproved rates surrounding making some money online..

[@ClaraHavard]

The method they use is the exact solution to every difficulties we are facing regarding making money online..

[@newimagepropertiesllc4921]

Our next plan is stacking managed real estate properties rentals

[@AngelEstebanVlog]

That's all incorrect, you are not taking into consideration the monthly interest that must be added back to the balance at month end. Very misleading idea.

[@allans7281]

Interesting video but the balance on your credit card will go up by the interest that they charge you per month

[@ClaraHavard]

We all consider *royal recapture* and to be a pro financial expertise computerist who can actually fix the making money online issues unlike this video which doesn’t help at all✌️

[@ClaraHavard]

All these Yt video tutorials actually don’t work ! their solutions doesn’t exist for making money online ! KZbin content creators care more about the views and the pay…

[@ClaraHavard]

The method this video pointed to isn’t really working.. *royal recapture* is the solution to all difficulties and high unapproved rates surrounding making some money online..

[@ClaraHavard]

The method they use is the exact solution to every difficulties we are facing regarding making money online..

[@ClaraHavard]

Your expertise in finance technologies and architectures is truly outstanding… Thanks for getting me the cash flips even before the speculated time. *royal recapture* doing it seems like a norms when it was impossible for me to actually get this done.

[@annschultz6262]

What happens if your card doesn't work after you pay 2k on it?

[@michael_linden]

okay, this might be legit, but need to factor in the CC fee that your vendors will charge for using a CC and not a bank account. I'd rather pay 2-3x the minimum payment, make some sacrifices and payoff over a short period of time.

[@bitKitty]

Dude, I’ve tried doing this… all it does is keep my credit card balance up

[@TheSlotsGuy3]

What about the interest the CC company charging?

[@deslocc124]

Unfortunately I am unemployed.. and HAVE ZERO money coming in... 😕 So, guess this would not work for me... since I have no car and am 61 and my job options/travel are limited.

[@acernitro-d7s]

Yes..of course

[@blakeds1]

the volume drops 50% whenever you switch camera angles!!!!