WOW.... You're a Blessing!!!! I absolutely loved the way you taught this. I'm excited to learn more and even more excited that I came across your page!
Savings isn’t just a stockpile of cash devaluing it’s mainly for emergencies. Something comes up u use savings. Unexpected non monthly bills come up u can use savings ex. Oil change, kids extra curricular, shoes etc. velocity banking seems like a perfect world system
So you can potentially use the LOC for all your expenses for how long? For example you have a LOC of 10k your expenses are 3500 and your take home is 4200, your CF is 700 could you just continue to use it month over month? Of course this is one r your debt is paid off Thanks for the video
Get the heloc where you bank. Then tie the heloc to your checking account. Then pay bills from the heloc via the checking. But check to see if the bank charges you.
WOW.... You're a Blessing!!!! I absolutely loved the way you taught this. I'm excited to learn more and even more excited that I came across your page!
I will never ever take out a closed end loan as long as I have an open line of credit.
Hi, found your channel a couple of weeks ago.... so happy I did! Thank you!
That was so much easier to understand. I'm adjusting my finances as we speak lol
Good explanation thank you so much ❤❤❤❤
Savings isn’t just a stockpile of cash devaluing it’s mainly for emergencies. Something comes up u use savings. Unexpected non monthly bills come up u can use savings ex. Oil change, kids extra curricular, shoes etc. velocity banking seems like a perfect world system
Absolutely with disapline and timing it works wonders!!
We know as a transfer. They know it as a payment
So you can potentially use the LOC for all your expenses for how long? For example you have a LOC of 10k your expenses are 3500 and your take home is 4200, your CF is 700 could you just continue to use it month over month? Of course this is one r your debt is paid off
Thanks for the video
yes sir
@iamOAKland For, sure. Just like the bank does when they lend you other people's money over and over again.
Where do I sign up for Velocity Banking
Does my home need to be paid off first before applying for a HELOC?
...where you get 12k lock though?
How do u pay a mortgage w a heloc?
Get the heloc where you bank. Then tie the heloc to your checking account. Then pay bills from the heloc via the checking. But check to see if the bank charges you.
What is 1 x 1 ?
2
@@TheotisC that's not what Terrence howard says
What about when your income is $5k and your expenses are $5k?
No cash flow!!!!
I understand that but everything won’t always be that simple. Especially, if minimum payments aren’t that high.
I assume you will pay something off over time.