Velocity Banking Starting With Negative Cashflow

[@DenzelNapoleonRodriguez]

In a negative cashflow position or low cashflow and want to do Velocity Banking check enroll in my ministry here - www.denzelrodriguez.com/offers/FuFRxFAH

[@nitenitenurse713]

When you started preaching and exposing the debt that’s binding people, I hit that subscribe button so fast! Thanks for this video! Will need to sit down and review all this info and see if it’s doable for me. Great content! 💯🙌❤️

[@casseophealejarde-khaizen]

You mentioned God the Father, Jesus Christ, and the Holy Spirit! I am so blessed by this and I just love the fact that you incorporate the ways of GOD into your financial teachings. This is giving glory to GOD! May the Lord God Almighty bless you abundantly and use you for HIS glory!

[@DenzelNapoleonRodriguez]

Yes

[@casseophealejarde-khaizen]

I figured that out as I watch towards the end. All glory to GOD! Keep speaking about GOD as many people are perishing for lack of knowledge.

[@suebone7582]

Thank you Denzel. Food for the soul and bank account. You are a Blessing in this World!

[@yeshuaislord3068]

I’m from France and I m learning a lot from you even if the system is a little bit different here.

[@casseophealejarde-khaizen]

Yeshua is Lord indeed. ❤

[@Savannah-ed4rv]

I'm in the same situation but no savings. I thought you didn't work with negative cash flow, so this helpful.

[@DenzelNapoleonRodriguez]

I do if you look at my previous history with negative cashflow case studies. It’s tough but not impossible.

[@moxriel9724]

Salute the divinity in you . saint RAFAEL . Im d.i.y Learning this now at a perfect time . bless .

[@shellifoster3095]

Great information Denzel! Wish I knew about this before today.

[@2Tynia]

MAN! I need you!

[@donkayiagraham899]

Preach Denzel!!!!

[@VanntasticFinances]

Title Loans and liquor stores 😭😭😭

[@MT-qg8ph]

Hello! What’s the info on rolling over a 401k into a start up?

[@DenzelNapoleonRodriguez]

Hello you can set up a call with my business partner here to explain that more - www.universolcreditconsulting.com/denzel and learn the process

[@michaeldonley7741]

This is a great video.

[@timharlow]

Thanks Denzel.

[@MrJaylassiter]

Thanks, learned a lot.

[@blackjet1081]

How can this be done with a low credit score under 620 and a obscene amount of debt, when most helocs require that minimum score of 620?

[@DenzelNapoleonRodriguez]

You start here Velocity Banking Pregame Work - kzbin.info/aero/PLnF-b0Fck4Lib7XeYKntMvfKtUwkxSSU-

[@str8talkers]

It's 1st lien HELOC with first savings bank the only HELOC with a sweep account?

[@DenzelNapoleonRodriguez]

Only other product I know All in one loan product that has the same function

[@confusedzentradi]

Collateralizing an asset to get a loan that you then pay off monthly is literally an amortized loan….

[@DenzelNapoleonRodriguez]

You are correct what you just said based on the language you used. If you said collateralizing an asset to get a line of credit to use whenever you want and the interest is calculated simple is literally just a line of credit then I would be right too. So you use a loan and I use lines two different things.

[@confusedzentradi]

@@DenzelNapoleonRodriguez Lines of credit are generally not collateralized, which is why they have such high interest rates. One exception being a HELOC. Your definition would be inaccurate because interest is calculated using the compound method not simple method. I see you have not taken the time to lookup the meaning of simply interest versus compound interest since our Zoom chat almost three years ago.

[@DenzelNapoleonRodriguez]

@@confusedzentradi hey good to hear from you again. I would love to jump on a zoom call again and show my interest statements of clients and myself. I will share how my interest works without using any technical language because that is where you get caught up. Here is how my interest is calculated. When I withdraw 10k from line of credit at 6.25% on Monday I will be charged $1.71. On Tuesday I will be charged $1.71 and on Wednesday I will be charged $1.71. On Thursday I pay back my line of credit $5,000 my balance owed will be $5,005.13 and on that day I will pay $0.85

[@confusedzentradi]

@@DenzelNapoleonRodriguez Good to hear from you too. We can setup a time to chat. As I’ve always said, your intentions are good, just some knowledge gaps I hope you resolve. I get caught up on technical words because they are important. Your simple interest calculation is correct. Thanks very much for using a numeric example as that helps immensely. Now, how about an example of compound interest?

[@DenzelNapoleonRodriguez]

@@confusedzentradi I don’t operate my tools on compound interest and neither do my examples. At the end of each month the interest simply gets added to the balance I owe on the line of credit. So I simply add the interest to balance and continue do my math the way explained.

[@shieh.4743]

These are okayish numbers. Those credit scores suggest a disciplined person.

[@DenzelNapoleonRodriguez]

Explain what you mean by okayish numbers? Any situation where there is negative cashflow is not healthy in my opinion

[@shieh.4743]

@@DenzelNapoleonRodriguez It isn't their negative cash flow that I look at, but the person's ability to reverse it and how quickly. This is clearly someone with a low income, which is the cause of the debt - which is far easier to support/guide than someone with a high income but struggles with impulsiveness. By making some quick corrections, that cash flow situation improves immediately. He cuts off his subscriptions and pays off one of his debts with savings and he is already reaching a zero cash flow before he does anything else. If he could generate even $250 more a month in any extra work or sell some things to pay off/down that CC, he could be at a 0 to positive cash flow inside a month.

[@ask_why000]

Conservation Mode. I like that!

[@Paradise69258]

How to contact you?

[@DenzelNapoleonRodriguez]

here you go - www.denzelrodriguez.com/contact

[@desireeharding2451]

❤ 100

[@paldavi2876]

This is misleading. Negative cashflow and 9k in the Bank .. now thats funny 😂😂😂😂

[@DenzelNapoleonRodriguez]

It is possible to have money saved but spend more than you make. I don’t understand how that is misleading. I’m working another case with a lady that just has social security income around 2,500 her expenses are like 4k but she has 60k in savings. That doesn’t mean she is in a good position eventually the money will run out if we don’t make changes.

[@savealot2]

That mic is TOO BIG! Covers your mouth. Use an ear mic?

[@DenzelNapoleonRodriguez]

Copy that