If You’re BROKE, then FIX It. Easy Steps To Financial Wellness.

[@yankeeredneck6947]

Christy, I've downloaded your worksheet and went through with my wife, putting everything on paper so we can get going on this process. Thank you for the information. I can see the end of the tunnel now. My wife is a little farther behind me, but I'm bringing her up beside me so she can see it, too.

[@louiseyvette2261]

Mindblowing! Our money serves us, we serve God.

[@porterhouse7260]

When I first started watching there was 44k Subs, now 116k, You go Girl! My brother put Velocity Banking to work 3 months ago, Credit score went up, balances being paid in chunk, plus pointes or cash back on his CC's! Thanks for all you do!

[@Meli27w]

THIS is the best one yet! I also loved the one you recorded where you walked a lady through her plan with HELOC. This is gold! Let the nay sayers keep nay sayin. It’s probably better if less ppl know about this system so the government doesn’t take it away from us lol. Starting this program small, I’m going to do it with a portion of my income/debt & see how I do. Then I’ll throw the whole hog in.

[@GagaLeslie]

If you have a zero percent offer with checks, make it out to yourself and THEN apply it to a high interest card, that's a way of paying a cc with another cc. Then move the remaining balance over to the velocity method.

[@VanntasticFinances]

Exactly!

[@KimberleighWaters]

Christy, you are amazing! Thank you so much for allowing God to work through you to help others get out of debt! You are a true blessing. In a little less than 2 months, I have paid off 1.5 CC's and my score has gone up 35 pts. I can't say thank you enough!

[@VanntasticFinances]

BEAUTIFUL!! Thank you for sharing!

[@barbaracarbone4658]

I'm addicted to these videos. I love watching them and I always learn something, too. Thanks much. 😉

[@David-yy9ol]

Sometimes idk wtf goin on but I’m like ima get it soon lol

[@barbaracarbone4658]

@@David-yy9ol I know! 🤣😂

[@yankeeredneck6947]

​@@David-yy9ol, you will. Keep it up. I've just put down on paper my wife's and mine expenses, waiting for our income to arrive so we can start this journey.

[@Janz32]

You are a bright light at the end of a very long dark tunnel! May God always bless you and watch over you. ❤

[@VanntasticFinances]

How precious! Thank you

[@mimiseeyou]

I changed the lock screen and background on my phone to a small house I could pay off in just a few years if I don’t spend here and there online. It’s really helped! 🎉

[@Imlosingit-Mortician-Cremator]

Good morning. God Bless You Pretty Lady!

[@VanntasticFinances]

Good morning precious person ❤️

[@doublex632]

I'm so glad I found you

[@VanntasticFinances]

❤️🙏🏽

[@LifewithLava]

I needed to see this one

[@mervelmatthew642]

Love your blouse ❤

[@Reina609]

QUESTION: How can the first month's payment be $1879 if the card is already maxed out at $5960 - how would they be able to add the $1040 of living expenses? From my understanding, they would only be able to pay $839 for the first month. Also, the initial balance wouldn't start at $5960 because of the transfer fees which means they would start off with a card that is over the credit limit ($6139). The 30% interest rate would be calculated using $6139 adding an additional $156.42 or so on the first bill for a total of $6295.42. Then the second month they still wouldn't have enough room to add $1040 of living expenses again. At this rate, they pay off the card around the same time. The only benefit would be cc points. What am I missing?

[@BradDiBenedetto]

Correct on all counts. At best this method could help them hold and make minimum payments on everything until they find a way to increase income. At worst, they run back up the cards they just paid off and end up even worse off. This is just playing musical chairs with your debt

[@betitos11]

The card is maxed out so the $1879 is the amount they're paying into the card to have room to add the living expenses. That number is monthly expenses plus any cash flow you have on hand. So they pay that then through the month the living expenses are paid with card little by little

[@jeniferbfly]

The balance is $5960 Plus a credit card payment of $1879 which includes the 1040 would be deducted from the balance not added. You would make the payment immediately after receiving the cash advancement. $5960-$1879= $4081 That doesn’t max the card out. Even if you add the 3% to the $5960 the day after the cash advance; ideally you also made the payment that’s $178.80 so… 5960-1879=4081 + 178.80=$4259.80 even with the interest added to the high end there’s no way the credit card will be maxed out. You have to understand how credit cards work. You would make the “cash flow payment” immediately. Credit card companies take usually a day or two to add charges. So you shouldn’t be in a negative balance if you make a payment. Interest wouldn’t be added for another 15-25 days.

[@kimwatts6338]

We just got a credit card for 0% interest for 20 months on transfers. We got a $6000 loan we only have about 4000 to transfer over. But that leaves us with our other credit card was $6300 once we transfer it over so that will be an empty card . And now I thought I knew what I was doing and I just confused myself lol do I use the cash back card for expenses? I don’t know. The other thing is what I’m trying to do is I want to be able to pay off my car faster I owe 21,000 on it and we have a camper that is 9000 what to do what to do.

[@spreadthetruthinlove2540]

No, you’ll only use the 1 credit card for expenses.... until you get it paid off. Then, you could go back to using the rewards card for expenses.

[@expectthabest951]

I love your Channel…. THANK YOU SO MUCH ✨✨✨✨

[@rosebudcallalilies1241]

Any suggestions to pay off student loans early? 😊

[@Mark32115]

You are the greatest…you give and give and keep on giving. Thank you Christy Vanntastic!

[@21elmoQT]

Omg! I finally understand. I will have to take some time to put together my worksheet, but I would really appreciate you letting me know “where do I start.”

[@Prairieshutterbug64]

This doesn't fix the reason this couple as 5 loans and 8 (sorry now 9) credit cards. Would recommend Ramsey's baby steps instead.

[@michaelgeorgeprice1366]

Thank you!

[@Monotarian]

Just when I think my income is low I see others having 5k a month and struggle..I could make it on 5k but we all have our vices I guess.

[@Dymonique_Dy]

Imagine the households living off of $3500 or less. This is the most financially stressful state of human civilization.

[@spreadthetruthinlove2540]

With no self-sustaining skills... like sewing, growing food, fixing the toilet, etc.... we need to grow our skills and not depend on so much money to live on. And let’s get out of debt.

[@cmgzfiveonezero]

LFG!!! You’re amazing frfr!! ❤

[@xcal7777]

Love the videos

[@VanntasticFinances]

🙏🏽

[@butterfly-pf8lj]

This by far is the best video.

[@ranakia543]

Enjoy your videos.

[@VanntasticFinances]

Glad you like them!

[@veronicaemerson6435]

Awesome

[@araceliadams34]

Thank you

[@DarknessFalls29]

They need to pay off and close out at least half of those credit cards. Especially the one with super high interest that's robbing them of their cashflow.

[@VanntasticFinances]

True but you should never close lines of credit. Hurts your credit score

[@DarknessFalls29]

@VanntasticFinances in a way, yes. If the lines are 2 years old or less it won't make much of an impact, and it will be temporary. I wouldn't close my 2 oldest cards (14 & 8 yrs) because, like you said, it will hurt my score and by a lot.

[@Mujcanal]

How the hell someone would have 8 credit cards, it would be insane.

[@skoopqueen]

Investing in Airbnb properties has been a lucrative venture for me. 🏡💰 It's like having your own mini-hotel empire that generates passive income month after month. By carefully selecting the right locations and providing top-notch hospitality, my Airbnb investments have consistently outperformed traditional real estate. 💼. I wasn't financially free until my 40s, and I'm still in my 40s. I've bought my second house, earn on a monthly basis through passive income, and achieved 3 out of 5 goals. Investing was the wise decision I made

[@vicahmed221]

Glad I came across this comment section. I was struggling to decide what to do with a good amount of money in the bank doing nothing. I would be happy if you could advise me, as I am ready to go the passive income path.😊

[@skoopqueen]

okay Vic, so generally speaking, investing calls for more knowledge. For this reason, it's crucial to have a strong support system (financial counselor) to lead you through, particularly while choosing assets. I work with (REGINA LOUISE COLLARO) a registered wealth manager and investment advisor. For the record, it has been the best experience for my finances. You may have heard of her because of how well-known her services are. She helped me become financially solid through her investment platform, and now I profit from her passive income strategies on a monthly basis.Therefore, I'll suggest that you choose a reliable investment advisor for yourself..

[@vicahmed221]

That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?

[@skoopqueen]

Regina Louise Collaro is based in the United States and can work with anybody wherever they stay. If you would like more information in reaching her, you can conduct a search online.

[@ugojazzy7812]

personally, I'm blessed and realizing I'm not the only one working with Regina Louise Collaro. I will consider myself lucky. I've been able to feed and make a living through her advice and great work. For such a person as Regina, I owe her gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn't just wise but has all it takes to handle an investment and is good at what she does..😊

[@Investin_life]

Getting ready, I just got approved for a Heloc for 55k

[@darlenechaney6989]

What is Heloc

[@treanaalfred148]

​@@darlenechaney6989home equity line of credit

[@Investin_life]

Home equity line of credit, it's like a huge credit card that you can use for velocity banking

[@LC-hq6hc]

Hi, I'm trying to understand this velocity banking but first I need to understand how do you get $149 of interest by multiplying $5,960 × 30%?

[@NotTelling51]

Ave daily balance....6000x30% would be 1800 per yr or about 150 bucks a month. Just round numbers. ​@@LC-hq6hc

[@ruffmoz5821]

Thank you for videos. I guess my question is, how do you pay off loans with cc (5960)? I think I was lost there

[@spreadthetruthinlove2540]

This is only addressing the credit card payoff to gain that cashflow. During this time, minimum payments would be made toward loans. The person can pay more toward the loans after they have positive cashflow. Best to bring up the credit score by paying off the CC, then possibly get a PLOC or HELOC to take care of the loan payoff.

[@Reina609]

I guess we just have to research. She said in the beginning of the video that she wasn't going to mention it, but there was a way to do it.

[@paigetremblay366]

You are absolutely amazing, thank you for all of these wonderful videos! They have been so helpful!

[@VanntasticFinances]

I'm so glad! Thank you for watching!

[@butterfly-pf8lj]

As much as I can't get enough of watching your channels. It's just so hard to get approved for a policy now days

[@DoctorMcFarlandStudios]

Do you have any health issues? Do you have a child or another relative that is healthy they can get a policy?

[@butterfly-pf8lj]

@@DoctorMcFarlandStudios Can I get a whole life policy on my child then borrow from it?

[@lisalisaandthecoolgem929]

I love this info so much! Thanks, doll!! You da bestist!! 🤗🥰💪👊

[@VanntasticFinances]

❤️🙏🏽 Thank you so much!

[@d.s.3551]

Can you share more about you get with the email consultation?

[@VanntasticFinances]

When you share your worksheet, I review your numbers and usually ask some questions in the first email. After I get a response, I will make suggestions based on where I would start if I were in your situation. You can ask questions, as well.

[@d.s.3551]

@@VanntasticFinances ok. Thank you.

[@mlewelk]

Their debt to income ratio is too high they wont get approved for another $6000 card thats ridiculous

[@jennychandler-my9md]

Thanks Christy. Explained well.

[@betitos11]

She said, loans cannot be paid with a credit card but were gonna pay off some loans anyways 🤣🤣💀💀

[@human.imagination]

I don’t understand how to transfer the CC into another card.

[@shelisegr8love]

Christy, how is 0% taking longer than when you have to pay interest? I don’t understand

[@mygoodlife204]

She meant that it does not matter if you cannot get a 0% credit card. Use what you get from the bank. That's why she used 30% the highest interest rate possible

[@Geor197]

Thank you so much Christy!!!!

[@VanntasticFinances]

Thank you for watching!!

[@stevelozano9523]

Wow, your email schedule is booked through limited November.

[@angelbelieves7496]

I would like to know how to start? I’ve got 4 cc with 15-2000 balance on each. I bring home 15-2000 bi weekly. Rent is 875 (which I’m about to get a payment plan to buy soon). How do I start? Tackle on cc at a time?

[@gf7616]

We paid off our credit cards and car loans this year. Now the bath has problems. Any ideas?

[@jermagnum1553]

Question ? When you are paying the debt off with the one credit card are you cash advancing out of the credit card to pay the smaller debts off?

[@gracekelehar4014]

I believe it would be a balance transfer which is a little different than a cash advance.

[@jjvv8650]

Good question, that is what I don't understand either.

[@NativeCali369]

Balance transfer. She never advises cash advances.

[@VanntasticFinances]

Exactly @Native

[@VanntasticFinances]

Cash advances usually comes with excessive interest

[@butterfly-pf8lj]

Please explain how can and how did you pay the loan with a credit card or consolidate

[@veeeff2323]

cash transfer.

[@AGloriousLife]

The loan balances were transferred to the new line of credit, thus eliminating the loans and their monthly fees.

[@robinsonparra2102]

But the mistake I see is that the new credit card as soon as you transfer the balance will have a minimum balance to pay that is not included in this example

[@veeeff2323]

Do you think that the minimum balance might just be covered by the large payment made every month??

[@TheFundManager]

They evidence shows habitual spending and they will not have the discipline to use a new card or loc correctly.

[@gracekelehar4014]

New payment is being paid by the income transfer.

[@earlsmalls]

The new payment on the credit card will be satisfied when you do your income transfer. You do an income transfer by simply making a payment for the income amount.

[@gmamabear3619]

​@TheFundManager, we don't know anyone's story. A lot of folks were affected during the pandemic and had to live somehow. Regardless, being judgemental is not helpful, nor is it kind. Remember, your own life can change in the blink of an eye.

[@conniec1678]

How do u do the transfer. Do you have to call the credit card company that you are using to pay the other credit cards

[@markf.2050]

Giving more drugs to a drug addict will not fix their problem. For a credit addict to get another credit card, what could go wrong?!

[@davids1431]

When should drop the Income in? After the statement balance has updated or current balance payment date? Thanks in advance!!

[@VanntasticFinances]

Income in before due date. Expenses out after statement date

[@CTahoe1]

@@VanntasticFinances what if expenses are due Before the statement date closes on the CC? I am trying to understand this. I receive income 1x per month usually close to the 1st and the CC statement closes mid month approx 15th-16th. Even with meal planning food would still need to be purchased/ So if I put everything on the CC on the 1st or 2nd when I receive it this covers the monthly pymt usually due by the 13th but from the 1st of the month til the midnight closing date of 15th-16th is a little over 2 weeks of needing to now charge expenses and bills.

[@AngieStacks]

​@@CTahoe1I just started using this technique this month. What I did was leave cash for all expenses before the closing date of my debt tool in my checking this month and then parked the rest of the income on the card. So I'm covered, then Simultaneously called the bank or vendor to change the payment due date on all those payments to after my cc closing date for next month so it works out. This way now the card is low balance until it closes.

[@nickkoeppler1017]

@@CTahoe1 request a due date change and it will most likely change the closing statement date. If you get paid the same day every month request the due date to be just after that date so you can put the large amount on at the end of the statement and then slowly add your expensese as they are due and that will help kep the average daily balance low

[@anncamp4676]

how do I pay a car loan with a CC, do i do it with a convenience check? pay it to the loan or pay it to myself?

[@kenglobal5228]

I just spoke with my bank on my car loan, they said that I can send the credit card check payable to the bank/loan company with car loan account number. Hope it helps.

[@umy9828]

I need major help but you’re booked until November. 🥺

[@VanntasticFinances]

I'm sorry!!

[@umy9828]

@@VanntasticFinances It’s ok! Thank you for sharing what you know and helping people like you do. God bless you! I’m filling out the worksheet and I will get it over to you and just be patient.

[@bryonsusedautos]

What i see on here is alot of what if. What is they got a credit card what if they got a LOC i mean what if them things were not a option??

[@teeg.1501]

Hey Folks! Im having trouble understanding the process of taking a CC to pay off a loan. I always thought you couldn't make payments on loans, car notes, mortgages ect... With a CC. Please explain. ANYBODY. Thx in advance.

[@cryptojuan5897]

Please include video when you paid off all debt now what? Investing? More charitable giving

[@Jesus-kt5dc]

Once paid off it's about investing in income producing assets. Investing in yourself. Christy does infinite banking. From here on out is about going into debt for productive purposes. Go to community college get a degree, get a 18 wheeler, rental property, start a business. Anything that makes you more money. Have a great day.

[@marthajoyrichardson7727]

The link to where do I start isn’t working

[@MrLocomechanic]

I’m starting to wish I wouldn’t have got a loan on my truck to pay off my cc last year and left that balance on a cc and did this method instead. Fml! 🤦

[@kimsadowski4058]

I am confused. How exactly does a CC take over a Note Payable/Loan???

[@glitterkitty4615]

Many issuers allow you to transfer different types of debt to a balance transfer card as long as it’s not from an account with the same issuer, although these policies may vary. Here is a list of what is generally allowed by each issuer, but it is important to consult the issuer about your options prior to attempting to make a balance transfer: Credit card balance Personal loan balance Student loan balance Auto loan balance Home equity loan balance American Express ✔ - - - - Bank of America ✔ ✔ ✔ ✔ ✔ Capital One ✔ ✔ ✔ ✔ - Chase ✔ - - - - Citi ✔ ✔ ✔ ✔ ✔ Discover ✔ ✔ ✔ ✔ - Wells Fargo ✔ ✔ ✔ ✔ ✔

[@johnperez9824]

I need help on my finance

[@galato4234]

Thank you Christy! After paying a credit card, we shouldn't close a credit card but what about if it is charging me $45 annually? Do you think is worthy to have it? Thank you again.

[@johnnieray2423]

How do you apply for a card and get 6000. Limit. Me and my wife have 660 credit scores or a little more

[@marcosierra1822]

Is it possible to do this and save money at the same time? Or does everything go towards the debt?

[@spreadthetruthinlove2540]

Everything toward the debt. You can always use CCs in an emergency, but the goal is to get all debt paid off, then save to invest in assets, infinite banking, land, businesses, etc.

[@lauraspeer8721]

I tried to click on your flash review link and it doesn't work! I downloaded your worksheet, where do i email it. I really want to get started asap, please help!

[@KitKat10281]

Can you transfer debts that are in collections?

[@cajunwoodworker5231]

What is the payment on the 6000 credit card

[@riddell74]

I feel like I’m missing the big concept of velocity banking. The idea is to have your income (salary, wages from work) deposited into a credit card or line of credit directly. Then pay your expenses from the line of credit. Is that correct? Sorry - dumb question. But struggling to understand since I feel like a lot of credit cards won’t let this option exist - or maybe I’m wrong?

[@naturalnormalnae]

You get your check deposited to your checking account. Then you transfer only the money that you will pay with a cc to the cc you are working on paying off. So if gas, food, utilities and subscriptions are $600, transfer only that amount to your cc. If you get paid weekly, transfer $150. If you get paid biweekly, transfer $300. I hope this makes sense

[@riddell74]

@@naturalnormalnae thanks - that makes sense and seems like I can make it work. I appreciate you!

[@naturalnormalnae]

@@riddell74 you’re welcome! We got this! I started this on my credit card just last week and have already increased my credit score by 20 points

[@darlenechaney6989]

I started this last month and I'm still waiting to see if my interest rate will go down, not jet.

[@Jesus-kt5dc]

When you use a credit card as your LOC you have to divide the money into 3 categories. Cash expenses (stay in checking account): anything that can't be paid with a credit card or the fee to pay with a credit card is too high. Example car loan, mortgage, rent, student loan, personal loan and utilities with a high processing fee. Credit Expenses (get parked in the credit card): groceries, dining, gas, subscriptions and utilities with low processing fees. Cashflow: This is the money you have leftover after everything is paid. This also gets parked in the credit card. This helps lower your average daily balance, lowering the amount of interest you pay on the credit card. Hopefully this helped. Have a great day.

[@typewriter627]

Hi Christy, Can you dedicate some time explaining monthly income/expenses that are never really set in stone? Both my wife and my income change month to month, and expenses throughout the year fluctuate depending on the time of year.

[@michaelkelley9204]

Two of the hardest things to change, your wife and your income!🤐

[@debracisneroshhp2827]

@@michaelkelley9204 , 😱😹😹😹😛💖🙌😺

[@butterfly-pf8lj]

Ploc

[@Jabezgirl57]

Personal line of credit.

[@JenniferSmith-dp9dz]

What if i cant get a loan or credit card anymore??

[@mygoodlife204]

Then use an existing credit card. It will just a little bit longer. A maxed out credit card. Once you dump your income it covers the first payment. That frees up that funds

[@JenniferSmith-dp9dz]

@@mygoodlife204 thank you I don’t have any credit cards. I haven’t had any revolving credit in over 10 years. I lost everything after my divorce, and have been extremely poor since and my credit has never recovered from the trouble my ex got us into, combined with having no money and poor choices, life has been a mess. It’s a very long story. I did start to get it together in the past few years and I just got a job with a much higher income and it is time to clean it up. I was just approved for a $1000 secured card. so I’m going to use that and see if that will at least spark the fire and lead to my ability to get some unsecured credit.

[@dreamcreationmedia4000]

How can you pay those loans and credit cards with another credit card when you said you can’t use a credit card to pay them?? I’m confused.

[@veeeff2323]

You don't, the money for those payments is left in the chequeing account. Two different expenses are listed.

[@olivecracker1]

@@veeeff2323 No, she said she wiped out the loans with the new 6000 credit card.

[@AGloriousLife]

In her example, the loan balances were transferred to the new line of credit, thus eliminating the loans and their monthly fees.

[@Pure_KodiakWILD_Power]

EIGHT CREDIT CARDS???

[@ScottCarrPhoto]

and 5 personal loans...typical US problem of not enough income, living beyond their means. BMW with 23K loan on it as well. All about the priorities.

[@Shardayel]

I have 10 😮...all about how u use them. My problem is I don't use them thrn they get closed and my credit score suffers for it.

[@TheFundManager]

More credit cards is not the answer Ever!

[@galato4234]

Thank you for these videos Christy! Q: What is the minimum credit score to get a CC or LOC of $6,000? Thanks for your help.

[@VanntasticFinances]

Maybe as low as 650..

[@marcellis7495]

You cannot use your expenses as income. Living expenses are just that, expenses... BILLS. She says the new income, after transferring balances is $839, then says 'let's add your living expenses of $1040 to that, for a new income of $1879'.

[@esalenchik]

You put it into the credit card as a payment, and it sits there reducing the interest until it goes out again to pay the bills as they come due…

[@kimwatts6338]

It’s a hard concept to figure out at first, but think about it this way you’re literally using your line of credit as your checking account so you’re taking all your money and transferring it into your credit card which satisfies your monthly payment. You’re also have to use your checking account to pay your living expenses but what you do is use the credit to pay for your living expenses. So you’re chunking down your balance, which also helps to lower debt to credit ratio. Which, then intern, helps to raise your credit score. You’re able to pay down your card faster because you’re not paying a minimum balance on a bunch of cards and paying a boatload of interest. Think of the credit card as your new checking account you’re simply just gonna transfer all your money over into the credit card, except for the payments that can’t be made with credit i.e. your mortgage or rent and car payments and certain kinds of loans.

[@eleanormassaro5195]

I was confused by this also

[@sjastram]

No way this couple coukd get a 6,000 credit card with 100% of their income going to debt. They might get a $600 ctefit card. I love your examples...but you need to be realistic.

[@jules3048]

Sorry u lost me. U said that loan payments can’t be made by credit card. But u paid some of the loans w a new credit card??

[@shelisegr8love]

Mortgage can not be paid with credit card. You can transfer balances from one card to another.

[@Jesus-kt5dc]

Convenience/Access check. You usually ask or they'll ask if you want them. They charge between 3-5% of what you transfer. So it's convenience/ access check -> checking account -> pay off the loans/loc -> turning the credit card you did the transfer from your loc. Have a great day.

[@santosvasquez3815]

I would love to lay off my auto loan utilizing this method. However, the loan company will not allow a credit card payment for the payout

[@kathytate2221]

Do You add the expenses and the Cash flow together?

[@mygoodlife204]

Yes