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…
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…
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…