Q&A LIVE

[@Rowlanstone64]

Thanks!

[@VanntasticFinances]

Thank you so much!

[@lizrogers4969]

After watching your videos, I sent my $160 that I had in the bank to use until I get paid again, to my credit card! And $380 I had in savings I sent to a small card paid it off in full. It’s so liberating! Thank you so much for what you do!

[@robertcaldwell697]

Thank u for the information I start on credit

[@bigteewat]

Hello how do you tithe and use this system

[@robertcaldwell697]

Let us no when you going live I keep missing you

[@MaureenOCrean]

You are a blessing for me. I've jumped in knowing your video showed up as a recommendation. You were God's answer for wisdom. Thank you so much.

[@chsrlottetaylor5804]

Can I use my 4 small credit cards to help sence I don't have equity line.

[@chsrlottetaylor5804]

Isent it weird that just now christy there is a lot of copy cats ,,they are not like you ,,you cantell tat your a carring person,God Bless Charlotte

[@VikingJay17]

Day #1 of starting this on Nov. 30,2023, I paid off 1 1/2 credit cards. I've even gone as far as transferring for my bills daily just to keep them from nickel and diming me on my interest. Can't wait to learn more . Thank you for all that you do. 🌟🦋🌟

[@chandratolman6680]

What is plastiq?

[@miguelmacias153]

Hola Chris, I would like to know what to do with the expenses that are attached to my checking account, because I have to have money into the checking account to pay for these expenses, like car, rent, furniture and my income is weekly? Thanks

[@debbiewoodruff6889]

I have a ranger that’s 2.74% and a truck at 3.99%. Should we do velocity banking if percent is that low.

[@jimmieedouard7281]

I love what you’re doing to help the public. Thank you.

[@Mpw9876]

Thank you for this ministry! I appreciate you so much. It’s amazing for someone with this kind of knowledge to be willing to share it to ‘the rest of us’. Soaking in your videos and planning on working through my own. Genuinely - thank you so much. ❤

[@VanntasticFinances]

Wow, you’re welcome! Thank you for watching

[@Lambchop59]

God don't want you to be abused especially with children u must make an environment for them. It takes two before the Lord.

[@dmlr4522]

Thank you so much for your videos

[@lydiacool274]

I'm so excited i'm going to start using the velocity banking strategy with my next paycheck

[@cdewey5115]

I’ve learned so much!

[@JegtoDFW504]

Before I found and started watching your videos, I thought I was a good budgeter. I am but I have a variable, a wife that loves to spend, so I was always taking one step forward and two steps backward when paying our credit cards off. My plan had the cards paid off in 30 months but using your velocity method I have it down to 12 months. I will be getting the heloc then to attack the mortgage. Thanks!

[@Gachick]

We told the bank to give us the full Heloc…sign papers this week!!!🎉🎉🎉

[@cassandrabennett2963]

Should I work on another card before one is paid off

[@SunnnySkies]

Thank you for sharing this information. I’m learning

[@VanntasticFinances]

So glad! Keep learning. Thanks for watching!

[@tony72gut]

A banks only interest... Is that you pay the interest.

[@Lambchop59]

Christy how did YOU find velocity banking?😊

[@h8m392q]

She said she was listening to you tube one day and ran across someone talking about velocity banking and 💡🎉

[@selagateena]

I think I'm missing something. The cashflow money that we put on the credit card goes to pay down card balance. What are we to use for our daily spending....money spent for things other than bills? If we had been putting the cashflow amount into a savings every month, then I could understand using that to pay down the credit card balance. But what if that cashflow money was our disposable income used for daily living between paychecks?

[@Gachick]

Heeeeeyyyyy Christy!!!!!!

[@mitchellfreeman-i6b]

How much would the interest be on a $20,000 line of credit at 8.5%

[@h8m392q]

Google simple interest calculator and set it for 20k , 8.5% per yr , term 1 month and it will show you

[@doreenblea207]

Would you use your TSP? That's like a 401. To pay off. $26000 of debt I have around ninety thousand dollars a debt. I'll be 59 and a 1/2. You can take out from my rough ira tax free

[@Gachick]

This is GaChick

[@jermagnum1553]

I think your videos are great! So helpful in helping me with my finical goals. Much appreciated. Watching in Canada

[@VanntasticFinances]

Thank you!

[@lydiacool274]

I only have a credit card with a $500 credit limit. And i'm going to attempt to try velocity banking and see if I can increase my credit score

[@cathyvine488]

Has it been working for you? I have a 1,500 limit and I use it and make payments multiple times a month.

[@lydiacool274]

I'm going to be starting out by Natalie implementing velocity banging but also envelope stopping and until I have got a comfortable credit limit.

[@frankfernandez252]

New listener learning absorbing all your information thanks for sharing my name is Frank I'm the one who had the question on the 7 years into my mortgage could velocity banking help me?

[@frankfernandez252]

Love to watch your show great information my question is I'm 7 years into my mortgage could velocity banking help me?

[@jumpintofall56]

How many credit cards should one use and not go further into debt?

[@bvarbel]

Do you have any recommendations for good HELOCs to apply for?

[@VanntasticFinances]

Check with your local credit union. They usually have the best offers. Thank you for watching.

[@sandykay291]

Please explain: I have a 15k credit card free and clear. I have a 5800 bathroom loan. 9100 credit card. How do I get both of these to the 15k credit card?

[@selagateena]

Ask the bank to let you do s balance transfer and then use that to pay off the loan and the credit card. Sometimes, they will let you do a balance transfer at 0% interest.

[@sandykay291]

@@selagateena I never did a balance transfer before. Can you explain how to do it?

[@jeremyhull7916]

15K is hard to believe and seems unrealistic. 15000/1200=12.5 If they are that discipline to save $100/month for 12.5 years and not spend it they should not be in debt if this is a real scenario.

[@VanntasticFinances]

Thank you for watching, but your focusing on the savings they have??😂 The scenario is explaining how it is a waste to have savings when you have debt. This couple’s savings actually included tax refunds, etc. if you must know…and are in fact adding $100/month. Some of you guys make me LOL with your silly comments. 😂 Have a great day…

[@bvarbel]

I have only $261 in cash flow right now because my wife and I live on Social Security, but I don't carry any debt except my $1000/mo $130,000 mortgage. I need the $261 as a monthly allowance for eating out, Amazon Purchases, Clothes, and activities etc. How can I pay off my mortgage? I don't see where the extra money would come from. I've watched several of your videos and I'm fascinated, but a little confused.

[@bvarbel]

I forgot I also have a $400/mo no-interest loan for the next 7 months. Afterward, my cash flow would be closer to $700.

[@VanntasticFinances]

Excellent money management! You will need a line of credit. If you plan to use that to pay off your home. Have you considered a HELOC?

[@bvarbel]

@@VanntasticFinances Yes, I'm working on getting a Heloc. I have about $250,000 in equity in my home...I just don't have a high income. Even if I could get $25,000 HELOC, I could see how I could make that work. After I asked my question to you, I made a spreadsheet that looks like your whiteboards and did some simulations. Its amazing. I'm going to work on that HELOC. Thanks.

[@VanntasticFinances]

😂 That’s beautiful! Good job!

[@purposeplansprofits]

Should I take a cash advance from one credit card at 16% to pay off the balance on another credit that’s 23%??

[@VanntasticFinances]

Hmmmm…anyway you could apply the income to start paying off high balance first, such as in this video 👉kzbin.info/www/bejne/hqCZlnmsmN9lmsU Thanks for watching!!

[@purposeplansprofits]

@@VanntasticFinances I do! Which was my thought process was to pay that one first with cash and any extra income. Then work on that higher card later. So I’ll do that first. Thank you!

[@VanntasticFinances]

@@purposeplansprofits You’re very welcome! Let me know if you have anymore questions

[@selagateena]

You could ask the bank to let you do a balance transfer and then you wouldn't have to pay cash advance fees. Also, the bank may offer you a special interest rate on balance transfers.

[@ronaldfisher2034]

Explain how to pay monthly bills and expenses I have 6700 income

[@VanntasticFinances]

I have several videos explaining how to begin Velocity Banking. Thank you for watching!