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Let's Talk About Velocity Banking with a Credit Card

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Ask Me How I Budget

Get ready for an eyeopening dive into Velocity Banking! In this video, I walk you through my reallife strategy of using highinterest, highbalance credit cards as a personal line of credit to tackle credit card debt.

I break down my weekly expenses and strategically allocate payments, focusing on my primary card and leveraging cash flow from my other cards to make substantial progress.

By following this method, I'm able to reduce my bills this week, generating remarkable cash flow! I then zero in on my primary card. Through careful monitoring and disciplined spending, I navigate my variable expenses, making significant strides towards debt reduction.

My financial goal for the week was $1,034, and my husband and I surpassed it, earning $1,514. After settling my bills with $699, I direct the remaining $815 towards my primary card. Witness the impressive transformation as I effectively reduce my primary card balance by $467.79 in just one week!

Curious about the interest? I address it headon, emphasizing that while there may be interest charges, the substantial reduction in the primary card balance far outweighs any additional costs. This is the power of Velocity Banking in action!

Don't miss out on this enlightening video that showcases a practical and effective approach to managing and reducing credit card debt. Hey, and if you like my content, please give me a like and subscribe! I sure would appreciate the support! :)

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 educational 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. The knowledge presented herein was gained from my personal journey getting out of credit card debt. This channel was created to share my experience with others.

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posted by helweckik9