Velocity Banking with a Credit Card as my Line of Credit and Why I'm Ignoring Credit Card Interest
15.4 هزار بار بازدید -
12 ماه پیش
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Velocity Banking with a credit
Velocity Banking with a credit card. How I do Velocity Banking with multiple credit cards as my debt tool? I use ONE primary card as my Line of Credit and I ignore the credit card interest.
Download my Velocity Banking worksheets and case studies here payhip.com/AskMeHowIBudget
I paid my first primary credit card down in 10 weeks. I started the month of September with a different credit card. I use the credit card minimum payments that are due (for my multiple credit cards) to free up cash flow. I meet the monthly obligation by matching those cards with bills. The bills make the minimum payment and then what I WOULD have spent on those minimum payments are now funneled to my primary card (the one with the highest minimum payment due).
I NOW have room to breathe! I can apply those minimum payments to my primary card to pay down my debt quickly OR, if money is tight this month, I can rest easy knowing my miscellaneous bills are taking care of the minimums on the majority of my other cards. I no longer worry about interest!
Once I learned how velocity banking works, I was convinced! This is the BEST way to pay off credit card debt.
If you're looking for information on how to pay off credit card debt fast, then you have come to the right place! You can learn from my journey and apply to your own financial situation.
NOTE: I am not a financial advisor and I do not provide professional financial advice; the information presented on this channel is presented for information and edutainment purposes only. Following any words, actions, or advice in this video or on this channel as professional financial advice is not intended and is the responsibility of the viewer, not the video creator. This is my personal journey for getting out of credit card debt.
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12 ماه پیش
در تاریخ 1402/07/04 منتشر شده
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