Nice video and explanation.But a couple of things that deserves mentioning is that you really don't need a HELOC to perform Velocity banking. You can also use a PLOC, a BLOC or a Credit card to accomplish the same goal. Another thing worth mentioning is that when it comes to comparing VB or IBC ... it is NOT EITHER- OR but BOTH (which you eventually clarified at the end). In other words what I am saying is that both of these dynamic strategies have their OWN LANE and don't need to be vetted against each other. It is like having two tools amongst others in a tool box.... the hammer is no more important than the saw because both tools have their own unique function ! 😅
I have a first lein HELOC and want to do IB. I can’t figure out how to make it work. Your little diagram at the end didn’t really explain. Do you have a video on combining First Lein HELOC and IB?
We're all working to figure out how to best manage our hard-earned money. Whether we're learning how to use home equity smartly with Velocity Banking or using special life insurance plans for financial growth with Infinite Banking, it's obvious that we're trying to take control of our finances.
So once we payed off x debt, whatever the amount of that we used to pay now is going to go to the policy every month? Till we payed off the loan we barrow from the insurance? And also interested for that each loans once a year?😊
Using VelocityBanking is complicated but can work well if you understand math. VB uses a HELOC or similar product whereas IBC uses accumulated cash value. Borrow from yourself to create a legacy that lasts for decades.
Velocity banking isn't complicated at all and is better for people with lower cash flow. 60-90% access to $100-200 isn't much. While Velocity can provide tons of money to pay off debt to increase cash flow. With the increase in cash flow you can then invest in buying infinite policies.
Nice video and explanation.But a couple of things that deserves mentioning is that you really don't need a HELOC to perform Velocity banking. You can also use a PLOC, a BLOC or a Credit card to accomplish the same goal. Another thing worth mentioning is that when it comes to comparing VB or IBC ... it is NOT EITHER- OR but BOTH (which you eventually clarified at the end). In other words what I am saying is that both of these dynamic strategies have their OWN LANE and don't need to be vetted against each other. It is like having two tools amongst others in a tool box.... the hammer is no more important than the saw because both tools have their own unique function ! 😅
I have a first lein HELOC and want to do IB. I can’t figure out how to make it work. Your little diagram at the end didn’t really explain. Do you have a video on combining First Lein HELOC and IB?
why do you not recommend paying the loan interest using cash value?
We're all working to figure out how to best manage our hard-earned money. Whether we're learning how to use home equity smartly with Velocity Banking or using special life insurance plans for financial growth with Infinite Banking, it's obvious that we're trying to take control of our finances.
Chris, how do i get started!
Contact my guy craig@themoneymultiplier.com for next steps.
Where do I get a specially designed whole life policy? Where do I get the right HELOC?
You can reach out to my guy craig@themoneymultiplier.com and he can help with both.
Please advise me where to go for a modified whole life insurance. Basically who do you recommend i go see?
Contact my guy craig@themoneymultiplier.com for next steps.
So once we payed off x debt, whatever the amount of that we used to pay now is going to go to the policy every month? Till we payed off the loan we barrow from the insurance? And also interested for that each loans once a year?😊
Yes, you just change who the payment goes to. If it was visa now it’s your system.
Using VelocityBanking is complicated but can work well if you understand math. VB uses a HELOC or similar product whereas IBC uses accumulated cash value.
Borrow from yourself to create a legacy that lasts for decades.
Velocity banking isn't complicated at all and is better for people with lower cash flow. 60-90% access to $100-200 isn't much. While Velocity can provide tons of money to pay off debt to increase cash flow. With the increase in cash flow you can then invest in buying infinite policies.