Velocity banking can be an effective strategy for for anyone looking to pay off their mortgages and other debts faster. However, it also has its pros and cons. In this section, we will discuss some of the pros and cons of velocity banking. The Pros of Velocity Banking 1. Faster Debt Payoff One of the…
Definition of Velocity Banking Velocity banking is a personal finance strategy that has gained popularity in recent years. It is a method of using a line of credit such as home equity line of credit (HELOC), regular line of credit (loc) and even credit card to pay off debt fast while saving on interest. The…
The current financial system is based on debt. Its designed to enslaved you, me, and the world. It’s not a coincidence that you can’t seem to get a head. You’re always in debt, and you will most likely work till you’re in your 60s or 70’s. That’s not necessary a bad thing if you’re doing…
When it comes to money, we are all in different places and we all have our own individual goals. That’s why as a financial coach, I approach everyone client case by case basis. There is no one solution that fits all. The best solution for you finance should aligns with your goals and resource, and…
What is money? And why do you need to know? Because understanding this truth is the key to preserving wealth and achieving financial freedom. It will change your perceptive and the way handle your finances to create generational wealth that can last for generations. So what is money really? What is Money? Money, defined by…
“In the US, money is created as a form of debt.” – Kevin Smith Do you know what money is? It is not that piece of paper in your wallet or coin in your pocket. Money used to be stable with intrinsic value, which made it worthwhile to accept as a secure form of payment…
Velocity banking is one financial tool that many people are unaware of, but could be the missing piece to your financial success. Check out Velocity Banking: The Fastest Way to Eliminate Debt to learn more. Check out these life changing benefits velocity banking offers. The 8 benefits of the velocity banking strategy to propel you…
Income is money you receive for doing a job as an individual or providing goods or service as a business or investment. Income can be a paycheck from your job, payment from service you provide as a self employee, or dividend from your portfolio; a payment from rental property, bonus, or tips. Without income, you…