Stop Wasting Time #velocitybanking #debtfreedom #faithandfinance #smartmoneystrategy

With the velocity banking concept. When we look at someone's finances and let's just say you have the whole nine when it comes to debts, you've got the mortgage, you've got student loans, you've got car loans, you got personal loans, and you've got credit cards. What I do is I look at that snowball, that avalanche of that person's numbers and finances, and then say, look, if we were to use the traditional method of getting out of debt, just making extra payments each and every month, we will be debt free in about 9.5 years, 12 years, 11 years. And then I show velocity banking and the potential that it has. I said, look, we can probably get out of debt in about seven years. Seven compared to nine and a half is a nice, healthy gap.