VELOCITY BANKING isn't just a DEBT RELIEVER, It's a DEBT SOLVER! It doesn't matter the situation!

JOIN ME to learn more about The Automated Money Max System ...Short Webinar on Tuesday at 7pm CT...bit.ly/CV-velocityweb-R
EARLY BIRD GROUP SESSIONS
Go here... calendly.com/vanncwi/early-bi...
📝Download My FREE VANNtastic Finances Worksheet: vanntasticfinances.com/resources
📞Book Me For 1-1 Coaching: calendly.com/vanncwi
💻Website: vanntasticfinances.com
📧 Contact Me: vanntasticfinances.com/contact
🙌 Have My 7-Figure Coach Help You Launch & Grow An Online E-Commerce Business: dreamclients.org/vann
👕Shop From My #VANNtastic! Online Store: vanntastic.myshopify.com/
Join my PRIVATE FACEBOOK GROUP here👉 m. groups/2517512...
FIRST LIEN HELOC 👉 flhambassador.com/christyvann/
🏦 INFINITE BANKING CONCEPT
moneyschoolrei.com/christy
GET HEALTHY! While Losing Unwanted Pounds- OPTAVIA!
Go Here coach.optavia.com/120001158182
FETCH! Come save money with me! Sign up w/ code 1EQG55 & get 100 pts:
referral.fetch.com/vvv3/ref
AGELESS INSTANTLY! Eye Bags BE GONE! Go Here 👉 instantlyageless.com/ref/967/
Christy Vann and its affiliates do not provide financial, tax, licensing, legal or accounting advice; the information presented on this web site/KZbin channel are presented for information/educational purposes only, and following the advice in this video is the responsibility of the viewer and not the video creator. By participating in this KZbin page, you agree to comply with the following guidelines. In any case, the information provided is “as is” with all faults and without warranty of any kind, expressed or implied. In no event shall Christy Vann, or any affiliate organization be liable for any damages, lost profits, or lost data even if we have been informed of the possibility thereof. Linked Items may create a financial benefit for Christy Vann. Christy Vann is an affiliate of Unstung Marketing LLC and United Financials and may receive compensation for referring you to their services at no additional cost to you.

[@karihodges4715]

Christy you are so awesome. I may be 60 and just learning this but I pray my children will get it for their future and my grandkids future

[@TheLaffDoctor]

The best videos on the internet for home owners

[@David-iy6gh]

I love your content I am a realtor and I’m following the advice and letting my buyers know about velocity banking

[@mygoodolbarber]

Do you have any videos with scenarios of people who own a small business?

[@juanespinozajr1223]

Do most HELOC's have variable rates?

[@dawnlouiseofficial]

It seems every bank I talk to says they don't offer a line of credit...so who actually does?

[@remi3990]

Would you recommend going with a HELOC if the interest is variable? And is there such a thing as a HELOC with ‘fixed interest?’

[@vic-diaz]

Hi, is 12.25% to 17.50% APR good for a PLOC? Awesome video, greatly appreciated!

[@deval3596]

yeah that's a normal range for plocs because they are not secured by property that the bank can repo.

[@vic-diaz]

Thank you!

[@dougpaquette9518]

If I put all my income 5000 a month in and take out 3500 a month to cover bills what’s the difference than just putting 1500 a month on heloc ? Please explain I’m trying to learn this

[@richardhurst8109]

Buy putting the whole 5000 a month in, It helps to reduce the amount of monthly interest you'll be paying even more on your HELOC each month. Hope this helps.

[@jimdefazio8649]

Also, you have access to your line of credit if you put your income on your line of credit so that if you need to take money back from the line in case of an emergency you still can. If you slap the 1500 extra payment on your loan, it’s gone until you pay off the loan. You can’t get it back if you need to.

[@eliumolina4240]

It will make a difference on the daily average balance on the account reducing significantly the interest you end up paying 👍

[@mariannaryan456]

I love your breakdowns, but I wish you would show the monthly HELOC interest as a monthly item to pay

[@deval3596]

you obviously don't understand the method. the interest on any line of credit is calculated at the end the of the statement cycle and automatically added to the principal. that is your minimum payment, but you don't need to worry about it because as soon as you make a payment for any amount it's going to cover your minimum payment and deducted from the full amount. example $10,000 line with a monthly interest of $100 at the end of the cycle. starting the new statement cycle your outstanding balance is $10,100 with a minimum payment of $100. you pay $500, your new balance is $9,600 and your minimum payment is covered. if you don't make any payments at the start of the 3rd month your outstanding balance will be $10,200 with a minimum payment of $100. the interest will be a little higher for the second month, I'm just keeping it the same to make it easier to understand.

[@cynthiamerryman]

She usually does show it

[@cynthiacampbell1283]

If you chunk 7k on mortgage and it moves amortization schedule out to 4 years from now do you still have to keep making regular monthly payments while you are paying down line of credit?. It would be great if you could take those regular monthly payments and put that money towards paying off the LOC, that way you pay it down a lot faster.

[@melissagusman5213]

You still have to make your mortgage payment

[@victoriachanel2493]

How does one get a line of credit?

[@deval3596]

you apply for it like any other credit you already have.

[@dawnlouiseofficial]

If you have the money to pay off all your debt in savings should you do it? Or should you use velocity banking to pay it off.

[@deval3596]

it will be up to you. I have the money to payoff my debt, but I'm started velocity banking to learn the process with my credit card debt. once I'm done I will start doing it on my mortgage. there are times that I feel like I should just pay off my debt so I can start the mortgage, but I don't. I have already brought down my debt down by 54% which I'm estimated to payoff in november or december. if I can be patient and pay off $30K in 12 to 13 months, then I won't have to worry when I start chunking my mortgage which will take a fraction of the time. the only thing I am using is the $400+ of interest I earn monthly instead of just letting it sit in the bank I'm using that to speed up my process.

[@jimdefazio8649]

The biggest question is…is it best to use your cash flow to chunk down your loan balances or use it to invest in more cash flowing assets?

[@jakeyvelasco]

My credit union’s PLOC instantly charges interest when cash is dispersed to my checking account the next day. Do you recommend still keeping cash parked in the bank to pay for car loans, students loans, and rent, credit card payments?

[@deval3596]

all lines of credits start charging interest when there is amount owed. do not advance from it until you need to pay for a bill or advance and pay the bills immediately. you should be using a rewards credit card for all your normal expenses, so you can just advance once a month from the line to pay it off a few days before the cut off day.

[@mygoodolbarber]

Do you have videos for small business owners doing velocity while running a business?

[@bandwidthbros4741]

Wife and I are paying off debt this year and since January paid off one of our cars $2700/$250month sold a side by side $7500/$250 a month. Now we are working our two credit cards. I moved on balance to the other and are trying this method with the CC as opposed to a line of credit. Doing the math I believe we can pay off the 10k cc within 4 months. What are the drawbacks of using cash advance with the cc as I can move it straight to my bank account as cash and the interest rate is the same. Can I use this money to make large payments to my mortgage?

[@user-qt8ij4du3w]

Your mortgage company will take your money in any amount you want to give, just apply it to the principal. If you have balance transfer or cash advance credit cards without a fee you can use them to get money for any purpose. I use them all the time when I am waiting for my monthly funds to arrive, then I pay the credit cards back to avoid interest payments as well. You can use other debt tools you have available to pay your other living expenses, then pay them back the following month. You always always have money if you have credit cards with zero balances or they are not maxed out. Just pay them off quickly to avoid the paying interest. Your money in savings is losing money everyday and making you broke , the bank is winning, don't let them use your money, use your own money.

[@deval3596]

you don't do cash advances as your interest rate doubles. you will need to do a balance transfer or in some cases some credit cards allow you to direct deposit money in you checking account from your credit card, but it is not considered a cash advance.

[@bandwidthbros4741]

@@deval3596 yeah I can move “cash” From my cc to my account. If all goes as planned with my budget and paying off this card using this strategy that was going to be my next step is to keep taking large chunks off my mortgage.

[@mrautoguy8419]

How can I get the automated velocity banking? I just see a link for the webinar.

[@VanntasticFinances]

Webinar Tuesday at 7pm CT bit.ly/CV-velocityweb-R

[@robertslaglestudio]

I’m still confused 😕

[@deval3596]

go look at her older videos that explain the process in full.

[@Jesus-kt5dc]

Paycheck -> Checking Account -> LOC (park money here) -> Expenses

[@vanessarodriguez7851]

I have a question, can I use my Heloc to pay the 20 thousand dollars I have left to pay off my house, then just stay paying the Heloc? Thank you!

[@Jesus-kt5dc]

Yes

[@c.parker8439]

You've inspired me to make extra monthly mortgage payments. My goal is 2 extra payments per month starting January 2025. I will reevaluate quarterly. BTW...my principle is $395. Good luck

[@mygoodlife204]

I don't think that is her purpose 😂. Extra payments and velocity banking is not the same

[@user-qt8ij4du3w]

Start today with every extra dollar you want to use, time is not promised to us.

[@brooks8792]

My social security pays my 1st of the month bills, including my credit cards. Because they take several days to 'process' my on time payment, this doesn't help me.

[@deval3596]

change your credit card due date, you should be able to do it online or by calling customer service. also try combining your credit cards into one credit card or a ploc to make it easier. if not just work on one and when you're done paying it off move on to the next card.

[@SuperNelsonEddie]

Another company is charging $5000 for their velocity banking program. This seems a little pricey. What program do you have and what should be a reasonal price?

[@deval3596]

you shouldn't need a program, but if you want to track your progress or even practice use an excel worksheet. all it is just add your expenses and subtract your payments.

[@user-qt8ij4du3w]

Paying for velocity banking is like paying for adding, subtracting, dividing, and multiplying you learned that in grade school, now it a good time to put it to good practice. Christy has all the free videos needed to get you started and step by step. The numbers don’t lie just write them down on paper, get a calculator like Christy has, and do math like you never did before and you will be financially independent one day, start now. Learn to use a spreadsheet and you can expedite your debt freedom.

[@johnonethree]

I am being scammed by someone claiming to be the vanntastic company. Beware!