Velocity Banking & Infinite Banking With @TheChrisNaugle

I'm ready.

You just give me the word.

Yep, we're good to go.

We're good.

Yep.

Recording in progress. All right, welcome everybody. Super excited to be doing this. Uh, this is kind of a one-off webinar training that we decided to do, uh, myself, Craig, Denzel, and then, you know, we're gonna bring, uh, this, this home to you tonight and make this super fun. We're gonna be showing you something that most of you probably have never seen, like the mathematics behind it. But some of you on here, you know, come from Denzel's camp, or community as I like to call it, and that's velocity banking. And then some of you come from our side of the community, which is the be your own banker, or the infinite banking concept. So what we're gonna do tonight is we're gonna kind of explain both, give some case studies, and then we're gonna bring both of them together and show you for the first time, at least for most of you the first time, how velocity banking and infinite banking can work as one. And we're gonna show you the math mathematics. So that's kind of what you're going to get tonight, and we're going to be with you for roughly about an hour 20, hour 25. So let's dive right in. I'm going to do a little bit of board work, and I'm going to do a little bit of screen work here with sharing the PowerPoints, just because I think visuals are extremely helpful. Can you guys see that right there? It's kind of a dude slinging some money.

Yes, we see the money slinger.

The money slinger's on there. All right. So what There's a couple things with the Infinite Banking Concept, and I just want to preface for some of you kind of where this all comes from. I learned this about a decade ago. I was a financial advisor of, at that time, 14 years. I did 16 years in that prison. But anyway, I mean, in Wall Street. And when I was there, you would've thought I would've known just about everything there was. So, I'm out in Utah snowboarding. There was this guy, Mike, very wealthy, multi-generational real estate investor, and he used to lend us money. When we were flipping houses, so I I said to him, I said, "Hey Mike, I'm in Utah, your backyard." I'm like, "Do you think we could meet? I got a deal I'd like to show you. We're looking to borrow some money." We met at Cheesecake Factory. I sat down with Mike. As soon as we ordered our food, I just said to him, "I just said, Mike, so how do you lend all this money?" And he immediately replies back, and he said, "I lend from my private banking system." Now, if any of you heard that, wouldn't you think that this dude Mike had a bank? Because I mean, that's the first thing that came to my mind. I'm like, "He's got a bank." I mean, that's all there is to it. Like. Mike is a wealthy guy with a bank. And from there, the interesting thing happened is I asked him, I said, can we go to your bank? And he said, no. He said, I don't have a bank. I just mimic what a bank does. So then he goes on to say how he did this. And he says, you know, all I did, Chris, it was very simple. I changed one thing and that was where my money went first. Once I changed where my money went first, what I did next is I then found ways to make my money go out and work Think of how a bank works. He's like, people deposit money in the bank. The bank then immediately lends that money out and makes a spread. And I'll show you that in just a second. So, I understood that. But then he goes on and he says, where I put my money, I get guaranteed interest and I get dividends. And the interest and dividends grow tax-free if designed properly. And it's protected against judgments and liens in most states. And it's private, so I don't have to report it to anybody. So, he's rattling all this stuff off. Now, My mind on the other side of this, this table at Cheesecake Factory is trying to process all this very quickly, just like some of you tonight are going to be trying to process the information. You don't need to understand it all. The most important thing you're going to get from tonight is what problem are you solving and how could one of these things, velocity banking or infinite banking, solve your problem? So I'm taking all this stuff and I'm compartmentalizing and trying to figure out what the heck is this Mike guy talking about. I've never heard of this because, I mean, Some of them made sense, but you can't put them all together. And then he says the final thing. He says, and if I die, or I think he said it a different way, if I go on to heaven, it self-completes. So then he goes into the mechanics of it and he shows how it works. And he says, you know, when you come to me with a deal like this, let's call it $100 grand. Basically what I do is I take it after I underwrite it, I go to my private banking system, I take a loan, I give you that $100 grand. You then through a promissory note and a first lien position, you pay me interest On that note, at a rate of 15%, that's what he charged. I take your interest and I roll it around and I put it back into the private banking system. So if you think about it, we just—he just showed a circle. Okay, and I don't know if any of you are looking at the BYOB or looking at me, but it doesn't matter. You saw a circle. But then he throws a loop. He says something that I just could not process. He says, "But Chris, when I took the 100 grand from my private bank, it wasn't my money. My money still continued to earn uninterrupted for me while you then paid me money a second time." So Chris effectively. Effectively, I made money twice on every deal. My money worked for me twice on every deal. I'm going to stop there. And that was like the summary of it. And I'm just like, no freaking way this is true or possible. So I asked him, I said, what is it? And then he told me and it shocked me. And I'm going to hold that for now, but that's what we're going to be getting into, at least on my end. I'm going to show you what this was that he was talking about. I'm not going to watch a video. I'll tell you, that sucker really wanted to play the video. I had to hit like 4 different times.

It's a fun video too.

It is a super— do any of you want to see the video? Because I know some of you haven't seen it. Put it in the chat. How many of you want to see the video? Matter of fact, you know, I just want to give a shout out for a second to all of you. Thank you all for being here. I know you didn't have to pay for tonight's webinar, but you are paying the ultimate price because you're paying with your time. And your time is absolutely the most valuable resource you have. So because you guys want to see the video, it's super short. We have some fun around these parts. Here it is. Let's try that again. You can hear that, right, Craig?

I'm not getting the audio.

Of course you're not. Why would technology ever work the right way, right?

Why would you expect it to just work?

Let's try that. Again, let me know if you can hear it. Good evening, folks. I'm Seymour Cash from MSTV Worldwide, and I'm joined here with my co-host Anastasia Beaverhausen, and we have a breaking news story for you tonight. This story has me incredibly concerned, and there is an epidemic There's something going on out there, folks, right now, and it's happening all around, and no one's even covering this. No one's paying attention to this epidemic. It's like hiding in the secret shadows. What's happening? It's called fat wallet.

The wallet gains weight uncontrollably until the seams literally rip.

It's initially undetectable until the damage is already done, and then it's too late. The wallet must be replaced to hold all that cash. Unbelievable. You know, in fact, the scientists are telling us that there is a strong correlation between MSTV and the fat wallet. And we have a new report that shows that over 30% of our viewers are experiencing a 30% weight gain in their wallet regardless of their spending habits. And I think this is going to lead to major health problems. Reports are showing hip problems, back problems. Problems. Pants are ripping. Holes out of the butts of their pants. Son of a bitch. This just in, Seymour Cash has checked himself into financial rehab. Thank you for tuning in to MSTV Worldwide. All right, you guys asked for it. I didn't tell you we're going to learn anything, but at least hopefully you got a laugh out of it. I'm going to go right into this. This right here. This means a lot to me because I, I am addicted to Earl Nightingale's Strangest Secret in the World. I listen to it almost every single morning or some variant. And in The Strangest Secret in the World— and if you have not read or listened to The Strangest Secret in the World, can you mark that down? Write that down right now. That is absolutely mandatory that you listen to it. It's 27 minutes long and it will change your life, but you should listen to it every day for 30 days. But back into it, in there, there's a study that a doctor did. But you see, a doctor took 100 eager, optimistic 25-year-olds and asked them a single solitary question. He said, are you going to be successful at the age of retirement? Clearly, all of you know the answer. Oh, it's called The Strangest Secret in the World. Craig, if you want to just put that in the chat there, Earl Nightingale. And they all said, of course, yes, duh. Why wouldn't we be successful? I mean, they're eager, optimistic 25-year-olds. What this study did is it tracked them through their lives and various different 25-year-olds. And what it concluded with, with what is The same exact thing that Social Security had figured out through statistics, and this is it: Social Security in the United States of America, the land of opportunity, and this is the numbers: five out of one hundred people will be financially secure at the age of retirement. So back to those eager, optimistic twenty-five-year-olds, they fell into these same numbers out of the one hundred of them. only 5 of them were successful by the age of retirement. And out of those 5, only 1 was what you would consider wealthy. So, the whole study really was to figure out what did these 5 successful retirees do different than the 95 that were not financially successful? And it came down to something that is so simple but makes so much sense. And that is the word creation. The 5 eager, optimistic that made it, They created their businesses, they created their financial wealth, they created their financial destiny. What did the other 95 do? They conformed. They conformed to somebody else's idea, somebody else's plans, what somebody else told them they should do. Every single one of you, I don't care who you are or where you're from, you have had someone in your life try to get you to conform to their viewpoint, to their way of thinking, to their financial Like no knowings. Now, the thing you gotta do is you have to go on your own path, which is gonna be the path least followed. But that is the answer. So, like, back to that story with Mike, like, that was not the norm. That wasn't what I was taught. That wasn't what I was trained on being an advisor. It was the complete opposite. So again, to be the 5%, you have to create what it is you want. And that's what we're gonna do tonight. We're literally gonna focus on creation. I'm not going to get into my story at all. All these people that you see up here, and some of you had read Mapping Out the Millionaire Mystery, thank you. It's one of— I now have 6 books. The 6th one's coming out. But Second Chance, Kiyosaki, Money: Master the Game, Becoming Your Own Banker by Earl Nelson Nash, all of these books and many, many more like Pirates of Manhattan all talk about the infinite banking concept. So, I went down the rabbit hole. I read every one of them and I'm like, son of a pup, it's been under my nose. The entire time, kind of like this. This is, this is a great summary, and I'm not going to play another video, so don't ask. This is the backward bicycle. Like, listen, like, my daughter's 6 years old. How many of you have kids? Put I in the chat, right? They're fun. But at 6 years old, my daughter just learned how to ride her bike this year. She's always been riding the bike, but when she first started on the bike, it's the same way you started on a bike. It had training wheels. So she'd pedal that little, that little BMX up and down the driveway with the training wheels, and She figured some things out. She figured when she turned the handlebars to the right, the bike went to the right. To the left, the bike went to the left. Pedals forward, bike went forward. Pedals back, brake. Great, got it. Then one day I did a really cruel thing, and I can take responsibility for this as dad. I took the training wheels off. Now, I let her use the crescent wrench, but we took those little puppies off. She got on that bike. You all know what happened, right? I had her knee pads, her helmet, her elbow pads. She went down. My wife was freaking out. I'm like, honey, she'll be fine. Get back on the bike. She did, and she learned how to ride her bike. We all learned the same way. But, and, and, and I guarantee you, every one of you can ride a bike. But what if, just what if we changed one thing on that bike? And we did this. We changed the bike so that when you turn the handlebars to the right, the bike goes to the left. And when we turn the handlebars to the left, the bike goes to the right. Simple change, very simple mechanics, but completely different operating system on how the bike operates. No one, not one of you, no matter how creative and good you are, could ride the backward bicycle. It's been proven. And there's a video called The Backward Bicycle on YouTube that shows that. Kind of looks like this.

Hey, it's me.

We're not going to play it, but go and watch that. But the point I'm trying to make is that backward bicycle that you could not ride, just like this guy goes and shows, If you practiced over and over and over again, you would learn how to ride the backward bicycle. You would then know that this is how the bike works. You'd be able to ride it normally and everything would be good. Then someone, I'm sure, would bring you a regular bike and you'd try to ride it. You could not go back and ride a regular bike because your mind adapted to this new way of doing things, this backward bicycle way. So, you have forgot about the old way. The reason I bring this up and the video pays kind of show it better is what you're going to learn tonight, whether it's velocity banking or infinite banking or the combination of the two, it will require you to change how you use money. That is very important for you to understand. So much of this is very, very simple, but it is a mindset shift. And if you don't change your way of thinking around money, this will not work for you. And we have this happen all the time. Craig and I would do calls every week. You know, Denzel does calls every single week, and there are people that like watch the video, read the book, and they're like, yeah, I want to do this, but then they just can't adapt to that one change. But you're going to. But I'll prove to you why you should, because we're going to look at the mysteries of money, and then I'm going to go into getting into it. First off, what is the definition of money? Can anyone tell me in the chat? What is the definition of money? Throw it up there in the chat. Money is the exchange of goods and services. There's no prizes, so I know there's no motivation, but resource, tool of exchange. There you go, Valerie nailed it. It's a means of exchange. Money for food, food for money, money for car, car for money. That's all it is. And it doesn't matter if monies are dollars, or it could be, you know, the Canadian money, it could be the yen, could be gold pieces. It's all money. It's all a means of exchange. So the questions get more difficult, like this one. What company in the world— what company in the world uses compound interest? Go. What company do you think uses compound interest? See, you guys are way ahead of this. None is absolutely right. Michael said banks. So I'm going to, I'm going to pick on Michael for a second. That's not a bad guess, Michael, because you would think banks, of course, banks use compound interest, but they— it's the opposite. Banks charge you compound interest. Banks pay you compound interest, but they do not use compound interest because to earn compound interest in the normal sense that we believe in it, You have to take money, put it in something that has an interest rate or some means of growth, and you have to leave it there. And then it compounds over time, right? But it has to sit there and compound. Do banks leave money in the safe? Does anyone think there's money in the vault? There's no money in the vault anymore. The bank takes your deposits in. They then, through those little cubicles behind you, lend your money out. You see, banks don't use compound interest. They move money. Right. The money's always in a constant state of movement. Car dealerships don't use compound interest. They're moving cars off the lot. Grocery stores moving groceries, retail stores moving whatever products they sell. There's not a business in the world that uses compound interest. They're all moving money, including insurance companies. So that's a really important thing because is your money working for you 24 hours a day, 7 days a week? Is your money in motion like the banks and all the businesses out there? A lot of you would say, well, not really, because my money's sitting in a 401. My money's sitting in a bank account. My money's sitting in a CD. You see, it's different. And when you start to see these simple changes and these simple signs, you will understand that what we've been taught to do with money does not benefit us. It benefits somebody else. Wall Street and the banks, we'll just pick on them too. It puts them in control of your money. Matter of fact, when you put money in a bank, You're not in control of it. If you still had control of your money in your bank account, the bank would have to call you, have to inform you when they lend your money out. And they definitely do not do that. You give them their money, your money, they pay you measly interest or no interest. They decide what they're going to do with your money to make it work for them. And they do make it work for them. Your dollars, are they worth more now or in the future? I'll give this one to you. They're absolutely worth the most today. We've all seen inflation and its ugly face, and it's not going away, which means every year our dollars buy less. Okay, so just remember that today the dollars you have are the most valuable dollars you will ever have in your life. That is very important because what we're going to do is we're going to look at the next thing, which is taxes. Do taxes go up or do they go down? They, they always go up. I know there's maybe a couple of times where they went down, but they didn't stay down. They got to go up. So let me, let me frame this up to you because we're going to talk about your retirement accounts. Now, your retirement account, your 401, how many of you have a 401? Put I in the chat. It'd probably be pretty close to 100% of you at one point in time in all of your lives. And this is awesome, Denzel. Did you see that? We got 111 people here. That's freaking awesome. There we go. Okay, not anymore, but you had one, right? So, and I love that. Jay was like, yep, I got a 401 with a match. Love that. Let's let's put this into perspective. Let's just kind of sum this up based on what we just talked about. So, Jay, I'm going to pick on you. Jay, why RRSP or what was the other one? RFP up in Canada. I used to teach the Canadian retirement stuff. But yeah, so all the same, and somebody's cheating down here. Kay's like, "I have a self-directed IRA." Kay, I'm going to slide you off to the left because we're not going to talk about those today. They're great, but. Jay, why did you decide to put money into your 401? Was it because of the match? Because the match is kind of free money, right? Like if you put in 4% and they match 4%, that's like getting a free 4%, isn't it? It really is. After the vesting schedule, it is free money. It's an incentive nonetheless. So that is a good reason to put money in a 401. Let's see what else. Well, see, Jay, now you're going to the Roth IRA, but let's just pretend it's traditional. Most people that put money in 401s, another big motivating factor is they don't want to pay taxes on their income. I mean, I get it. So they put the money in pretax. But let's just think about a couple of things. We got the match and we got the pretax. And then we also have to think about that other thing we talked about is the dollars. Are they worth more today or in the future? So in your 401, correct me if I'm wrong, when you put money into it, you can't use that money until you're 59 and a half. True or true? I know it's true. There's a penalty, 10% of early withdrawal penalties before 59 and a half. Okay, so you're giving up your most valuable dollars and you're putting them into an account hoping that it grows— word hope— and then over time that, that money grows, and then you're going to take that money back out sometime after 59 and a half, right? But during that period of time, remember, you were able to put the money in and get a tax deductible deposit or, or a pre-tax deposit, right? You didn't have to pay tax. Now, if any of you are planning to make less money in the future than you do today, you are planning to fail. So please, please listen to the strangest secret in the world. We gotta change that. I want you all to plan to make more money in the future than you make today. Okay? And if you do that, you're going to pay more in taxes in the future than you do today. So does it make any sense to give up your most valuable dollars today, put them into an account that you can't use for 5, 10, 15, 20 years to Then take those dollars back out and pay a higher tax rate on those dollars when you take them out. Now, does that make sense? Because when I put it that way, it's kind of like going out to the store, buying a nice piece of Italian bread, putting it in the freezer, shutting the door, and then coming back 10 years, 15 years later, opening the freezer door, and you pull that bread out. You wouldn't eat that. You wouldn't feed that to your animals in the backyard. But wait, you didn't pull one loaf of bread out. You pulled two because you got a match. Anyway, the, the, the comics, uh, leaving the room for now. It doesn't make sense, right? It makes no bloody sense. But that's what we do. That's what we were told to do. And that's where the problem starts. So when your money flows, I want to kind of give an example. Uh, anyone in here buying a car? Just somebody volunteer. Terry, can you buy a car this year? Great. Terry's going to buy a car. Uh, so Terry, let's pretend that you're going to buy a $25,000 car. How many different ways can you buy a car?

2.

I'm going to give you 4. You can pay cash for it, right? You guys can put them on the chat. You can pay cash. How else can you buy a car? You could finance the car. What else? How about lease the car? Okay, you can lease the car. Anyone know the other way? It's very popular in my neighborhood lately. It's extremely popular. Matter of fact, there you go. You can steal the car. 7 cars in 1 night. Listen, it's a thing, man. Don't you dare think that stealing a car isn't a way to acquire a car. You can. You could go to jail, but I guess they don't lock you up anymore. But Terry's not going to steal a car. Terry, let's pretend that you wanted to pay cash for that car, and we'll just use a $25,000 car. In order to do that, Terry, you would've had to have saved over the course of time $25,000. But see, Terry was smart. Terry found himself a really good bank, and his bank pays him 4% on that saved $25,000. That's pretty good, right? Terry, good job, man. What's the name of that bank? Anyway, it's the Bank of Terry. So then I'm the bank manager and I go to Terry as he walks in, because Terry comes into the bank to take a withdrawal for the $25,000. I said, Terry, how can I help you? And he says, hey, how are you, Chris? I'm buying a new car. I'm pretty excited about it. I just need to take a withdrawal and we're going to go over to the dealership and drive home a new car. And I hear that as the branch manager. I said, hey, Terry, hold on a second. You're buying a new car? How about this, Terry? How about this bank, this really good bank? How about we give you a loan for the car? Now, Terry, we'll give you a loan for— at 6%. That's the rate today. We'll give you a loan at 6%, and we can do any amount of time for months. What were you thinking? Terry says, well, I don't know, 60 months. Great. We'll do a 6% loan for the next 60 months or 5 years. Okay. Is that a good deal, Terry? Does that sound good? You're paying the bank 6% and you are, uh, you are, uh— thank you, Denzel. Uh, you're paying the bank 6% and you're earning 4%, right, Terry? Okay, so that's not a good deal because you're losing 2%. But hold on a second. Now let's go down and let's just run the math, because me as your banker, Terry, I tell you that our bank is going to pay you more in interest At 4% than you are ever going to pay the bank in 6% on that loan. Okay. Does that make sense? Because it shouldn't. You could do the math. It's 6 minus 4. You're losing 2%. But here I am, the banker, and I even say, I will guarantee you, I will guarantee you on in writing from this bank that you will make more on that 4% interest rate than you ever pay us on the 6%. That would be a complete and utter lie, right? Terry's getting a truck. Love it. How about a 2500 ATV X? Yeah. All right, good. $483.32 is a monthly payment. Future value, $28,999. That's how much you're going to pay for that vehicle if you finance it. Now, how many of you think the $25,000 earning 4% over the same time frame of 60 months is going to be more? Well, you'd be right. It's $30,525. That is $1,525 more that you earned. But that didn't make sense a second ago. See, this is where we have to understand, and the lesson in this thing is really simply— I'm going to skip that— that when we look at things, we always look at the surface value. We look at the, the what we think is the perceived mathematics. But when you dive down, you miss a lot. This happens all the time. So that whole example with Terry, that 4%, That wasn't a bank at all. Okay? That was the machine that we're going to be talking about. And many of you know what this is. It is a dividend-paying whole life insurance policy from a mutually owned company. So when we talk about the infinite banking concepts, when we talked about Mike, that lender of mine out in Utah, having a private banking system, what was the machine that the money ran through? It was this: a dividend-paying whole life insurance policy from a mutually owned company, which should strikes some of you as crazy because some of you should say, I have been told that whole life is the worst place you can put your money. Matter of fact, Dave Ramsey just put a video up yesterday saying whole life is the worst possible place you could ever, ever, ever put money. Well, Dave Ramsey is wrong because banks are the number one purchasers of whole life. There's your proof. According to fdic.gov, the top 5 banks in this country— and this is old, this is 2021— They had $75.8 billion in whole life insurance called BOLI. You can look it up. You can do anything you want to verify that. But why are banks putting their money in the place that everybody is telling you not to put your money? Doesn't that strike you as strange? Just like the 401 stuff should strike you as strange. Well, that's the whole idea. That example with Terry buying the car, that wasn't a bank. That was a giant mutually owned life insurance company. that paid a guaranteed interest rate of 4%. We just leave the dividend out. And then that 6% was just to show you that even if the insurance company charged you 6% and you earned 4%, in that example, using it for banking, like buying a car, you would make more money because of mathematics. And it does not even account for the compounding interest. So this is the last thing I'm going to show you, and then we're going to dive into what this is. Okay? And I don't want to burn all the time because we got some fun stuff. But this is how a bank operates. All of you do the same thing. I do this. You take your money that you earn, you deposit it in the bank. Some banks pay an interest rate to you, some do not. So let's pretend you found a high-yield savings account that pays you 4%. That's the give from the bank. It's an asset to you. Your deposit is an asset on your personal financial— it's the assets. Okay? To a bank, it is a liability until The bank lends that money out. Kiyosaki talked about this all the time, turning liabilities into assets. Banks lend the money out to someone that needs a mortgage at 7%. Now that loan is on the books as an asset, not a liability. It's awesome. But also the thing that happened here is when the home, when the mortgage was done and the bank paid the seller for the house, the seller got the money. And the seller was trained the same thing, to put the money back in the bank. So the bank, or the bank gets the money again, lends it back out on a car at 8%. Car dealer gets the money, puts it back into the bank. Home bank lends it out on a home remodel. Contractor gets the money, puts it back in the bank. Someone that's in debt gets the money. Denzel talks about this all the time. Someone gets the money from a bank debt consolidation loan. Those are like, might as well put the nails on the chalkboard for 'em. They pay the credit cards, the money goes back in the bank. But let's focus on the spread. You see, you were earning 4. The bank lent your money out at 7, and then at 8, and then at 9, and then at 12. So if we take your 4 and we subtract it from what the bank charged on all these deals, the bank made 20%. You made 4, the bank made 20. How much risk did the bank take there? Not very much. Not very much. Maybe a little on the debt consolidation loan, but all those other loans, they were collateralized. So the bank took very little risk. They used your money. They charged an interest rate that gave them a really nice spread. And in doing so, they didn't actually make 20%. They made 500 because you made 4, they made 20. Divide 4 that you made into the 20 that they made. They made 5 times more than you did. So when I show this, it's a wake-up call and I got to ask all of you, and I'll ask you right now and then I'll stop sharing. What business do you all want to be in now? If you don't say the banking business, then you clearly weren't listening. And I get it, maybe you're playing Mario Kart or something else, but you want to be in the banking business. So, when we talk about the Infinite Banking Concepts— I'm going to stop sharing this— when we talk about the Infinite Banking Concepts, we're talking about something very simple. We're talking about you taking back the banking functions in your life. That's it. Instead of you paying banks interest on all the things that you buy, you are making the same payment back to yourself. Let me demonstrate. The Infinite Banking Concept is about control, certainty, liquidity, and efficiency, because all of us are going to do the same thing. We're going to make money. We're going to spend some of that money on the things that we got to spend money on, like diapers and food and all those things. And then we're going to save what's left. But you got to change that. And The Strangest Secret in the World, and so many other things like The Richest Man in Babylon, great book. You have to start prioritizing yourself. You are the golden goose. You are the, the, you're the number one. So please treat yourself that way. Pay yourself first. So when you save, save what you want to save and then pay everybody else with what's left. I know that sounds backwards because you weren't taught that and you're going to be like, I can't, I can't, I won't have enough money. Yes, you will. You will. You just never tried it. And when you do that, we're going to change one thing. Different, because that savings is what we're talking about here. So when we save money, most of us save money in the same places— banks and 401s or retirement accounts. That's mostly where people save money. But what if we change that? And I already told you this, so it's a repeat, but what if we put that into a specially designed and engineered whole life insurance policy? The only question that ever should come up— Terry's asked this a bunch of times— is why would I do that? Well, the answer should come to: Is it better than where you're putting the money today? Well, let's debunk that. If you put it into a specially designed whole life policy that's built for high cash value, you would get guaranteed interest. Contractually, you'd get an interest rate two to three, maybe three point seven five percent, and then interest rate would never change for the rest of your life. So you got a guaranteed interest rate. So then you would say, okay, does my bank pay me a guaranteed interest rate? You already know the answer: No. Secondarily, they would pay you dividends. Okay? So every year, they're not guaranteed, but they've never missed them. They would pay you a dividend. The interest in the dividends, like Mike said, would grow tax-free. Okay? Inside this account, they'd be protected. They'd be private. They would be in your control. It would be efficient to use, which I'll show you in a second. It is certain. There is no volatility like the stock market or your 401. And the final thing, which is always the last thing, which should be the first, is there's a death benefit. So if you just think about a death benefit in this case, when you think banking, it's self-completing. Everything you spend throughout your life, just imagine at the end when you graduate and go on to heaven, imagine the insurance company is going to write a check to your family to reimburse your family for all the money that you spent. Maybe not always true, but it's kind of a great way to look at it. It's self-completing in the Infinite Banking Concept. And then we're going to kind of flip this over to Denzel to talk about velocity banking because there are some similarities. Let's just talk about debts, okay? Because I want to keep this the same. Velocity banking is very efficient for paying off debt. So let's, let's do that. Let's say we wanted to use the infinite banking concept to pay off debt. So we changed where the money went. It's now going into the savings, into the whole life policy. And then we, over here, we have debts. Now let's just pretend we have $10,000 in debts. We're paying $1,000 a month and the average interest rate, when we average it all out, is 15%. Okay? So this is just simple math. That's the problem. You want to get rid of the debt. Actually, let's make this $20,000 because $10,000 doesn't really make sense. You want to get rid of that debt, $20,000. So what you do is you come over here and when you save money— now let's just do this in $5,000. Let's say you saved up $5,000. We're going to take a loan for $5,000. The insurance company will not ask you any questions outside of where do you want that money to go, how much do you want, and is this part of a divorce decree? Those are the three questions. No application, no credit check. Just here's your money. So this five grand, if you had ten thousand dollars in cash value and you took five, where does the five come from? Because it doesn't come from your ten grand. Your ten grand is still in the whole life policy earning interest dividends in a tax-free environment. What they're going to do is they're going to go into the general account of the insurance company. They're going to take the money from the general account. Now, the money in the general account is earmarked to pay your death benefit when you die, but you're not dying anytime soon. So the insurance company basically says, hey, guess what? We'll let you use part of your death benefit as long as you have enough cash value to collateralize that. So we do. And you know what? In this case, let's just make this 10 grand. So if you had 10 grand in cash value, And you wanted to take 10 grand, as long as you have enough to collateralize. Usually they wouldn't let you take 10, so they'd let you take probably 90%. So let's just call this 12,000. You have about 90%. They gave you the 10 grand. That wasn't your money. It was your death benefit. So if you died tomorrow, your death benefit would be reduced by the amount of the loan, 10 grand. You see, this is the secret. This is the sauce. Your money's still earning for you. It's still making interest and dividends for you, but you get to use it. And we're going to use it. We're going to come over here. And what we're going to do, I'm going to change my color. We're going to pay down, we're going to pay down this loan from 10 or from 20. We're going to subtract the 10 that you just did. And this goes— this is a segregated bank account. This is what we always tell everybody, go open a second bank account because we want books and records for your private banking. Just keeps it simple. So the 10 grand came here and then it came over here and paid this down. So now you owe $10,000 in debts. That you were paying $1,000 because you paid half of it off. Now you freed up $500. So what's going to happen? All right. So now what we're going to do is we're going to take the $500 that you used to pay on your debts, used to give it away every month. You didn't even think of it. You're just like, I got to make my— I got to pay my bills. But you don't have those bills to pay anymore. You paid those off using the loan from your bank. So we're going to take the same $500 a month and we're going to run it into the bank account. This can all be automated. You already know how to do that. Then from the $500 that goes into the bank, we don't want them to use our money. Remember, they make 500% more than you do. It's actually 400% to 1,300% more if you want to look at this. Oh my God, I forgot the name of the website, but it doesn't matter. Bauer Financial. BauerFinancial.com. I had FDIC in my mind. So you got $500 in the bank, but then what we're going to do is we're going to shift that $500 and we're going to send it over here to the policy as a loan repayment. Here's the cool part. If you used to give $500 away on debts, you lost $500 every month. That money was gone from your family. You couldn't use it to go to dinners. You couldn't use it to go to the movies. It's just gone. But now you take the $500 you used to give away, and now you put it back into the policy as a loan repayment, which reduces the loan amount by $500. How much money do you have to use the next day? $500. You didn't give up any control. You didn't give up any liquidity. That's $500 you have. So now what you did is you just reduced the loan, okay, by $500 a month. So let's go 1 year. That's $6,000. So now you owe $4,000 to the insurance company. It's 1 year later. Let's just say the insurance company was charging you 6% interest on the $10,000, but now you put $6,000 back in as loan repayments. They're now charging you 6% on $4,000. Is 6% on $4,000 more or less than 6% on $10,000? Less. You see, you just improved the spread. Because if we were to do the calculation— matter of fact, I can, super easy. Craig will show this way better than I will. So if we just did that, see, $4,000 times 0.06 Is $240 divided into the loan amount of $10,000. That's 2.4%. 2.4%. Well, let's just say your dividends and interest that you were earning were 5%, and you now gave up 2.4. Did you not make a spread? Isn't that how banks work? They work on a spread, folks. This is the infinite banking concepts. So if you just replaced all the things that you do, we call this the opportunity zone. If you replaced All the debts that you currently pay to the bank and you paid them back to yourself? If you started financing everything you buy, like cars and boats and everything you're going to finance throughout your life, did it from your banking system instead of theirs and paid yourself the same amount you would pay them, wouldn't you be further ahead? Yeah, a lot. How about businesses? Businesses borrow money all the time. They finance copy machines, they lease things, they buy equipment, just like that dentist that we were talking to earlier. What if they financed all that through their own banking system? And paid themselves back with interest the same amount they would pay the bank? They'd be better off. What if you did your investments through this? Wouldn't you make money twice on every dollar instead of once in the investments? You sure would. So, I could beat this up and go on and on to real estate, to lending, but I want to turn this over to Denzel now. Sorry I went long with that, but I thought it was a good base to kind of get that infinite banking out. So, Denzel, do we want to talk a little bit about velocity banking?

Yeah. And just to keep the theme going, All right, you got your whiteboard, I got mine. We're gonna keep having fun here. I love this tag teaming that we're getting ready to start and kick off here. So for those that just got their mind blown, you're gonna get your mind blown again where I'm gonna start bringing in, okay, what are some of the preliminary, what I like to call pregame work before someone jumps in headfirst, takes the leap of faith? And obtains a whole life policy where literally probably everyone in their family is telling them not to do it, right, Chris? All the biggest gurus on YouTube today tell you not to do it. Your financial advisor is telling you not to do it. The person that manages your 401 is telling you not to do it. And pretty much everyone you know except for strangers like Chris, Denzel, And a few other very influential people on the internet today, a lot of very well-informed professionals, experts even, that I want to say, I like to believe we're really ahead of the curve, right, Chris? That what we're starting to see now, and this is proof, there's 120 people on this Zoom and I have about 20-ish people or so literally on the on my YouTube channel live. So what, what I'm beginning to see over the last 5 years, really ever since COVID is people are no longer trusting the experts. And this has to do with pretty much in every industry today. Experts are no longer being trusted. It's, it's those who are truly creating value, those who are showing how much they care. And I just want to give you your flowers for a second to, to say, like, I truly believe Chris cares in terms of How much he preps before he delivers and the amount of time he has put into this, literally dedicated his entire life to become a prominent voice, a competing voice to a Dave Ramsey. And I honor you for that. And that's someone that I'm trying to do the very same thing in this small pond that we play in, which is why it's also so important for someone like Chris and I to collaborate. In competition together is what I'd like to say. Like, we, we have similar businesses, we have similar clients, we literally share some clients, which is super awesome. Uh, there's even some staff on your team that has literally done coaching calls with me, so that's awesome as well. And all that to say, I believe those of you that are watching, you're in a safe place. There's no dumb questions. If you have questions along the way, please start dropping them now. Because we're gonna start analyzing it, we're gonna start looking at it, and we're gonna have a little Q&A part. With that being said, Chris just gave us the groundwork for infinite banking. I'm gonna give the groundwork for velocity banking, but with frameworks, so that you leaving this webinar, you'll be able to identify, okay, I'm not ready, but I want to begin. Where do I start? For those folks, you're gonna be served. For those of you who are doing well financially, you make a good amount of money, and I would say a good amount of money in today's environment is 6 figures and up. Let's say you're a good, well-earning individual, but you still feel like you're paycheck to paycheck, like most of your money is, is just being lost. There's just a few tweaks that we can make to increase efficiency that would then make the infinite banking concept work for you even better. And I believe velocity banking has a very unique approach to either get the individual ready for infinite banking, and/or combine the two together. Alright? So with that being said, I'm gonna take you guys to my whiteboard here, and we're gonna start on the left-hand side of the board. And this is how I start all my videos. For those of you who are in the house, you have to know your numbers. You have to know how much money you're making, How much your expenses are throughout the month? What's your total debt and what's your cash flow? What's that remaining money left over after all your bills debts are paid? Some people come to these realizations through softwares, spreadsheets, AI combination of AI software Excel spreadsheets, good old writing things down. That's what works best for me. I just write things down. So whether whether you're a note and paper type of person or you're a whiteboard type of person. Like me, some of you come to this conclusion with with budgeting. Whatever works for you, I'm not looking to interrupt that. Rather, I just want to improve upon it. Okay, so these are what I call the four major numbers. You have to know this. All right, Chris understands this as well. Then I go into a framework as it pertains to infinite banking to help you really improve efficiency, and this could be adjusted. For sure. This is just what I prefer, what I like to see before someone dives in. I like to see someone with about $1,500 or more per month in conservative cash flow on average. So that already takes out like 70+% of Americans. Most of Americans are under $500 discretionary or cash flow at the end of the month. I also like to see first year's funding. So if you've declared that you want to contribute $10,000 a year into your bank, or you want to contribute $20,000 a year into your bank, I want to see that you already have that money saved, liquid, ready to go. This way you've already created the expectation that you can achieve that number, and it's going to keep you motivated every year as the years go by. And then in terms of helping you figure out A way, a mathematical way of figuring out how much I can realistically, conservatively contribute to establishing my infinite banking system. I've run this scenario. It works with infinite banking and it also works with velocity banking. So I take the amount of cash flow someone has in a month, I times it by 12, and then I times it by 2/3. So if it's $18,000 a year, let's say you have in cash flow, Right? We times that by 66% or 2/3. So whatever you like, 67%, 66%, somewhere around $11,000, $12,000 a year, that roughly comes out to about $1,000 a month, is a very safe, conservative expectation for you, the customer, to live up to this strategy of becoming your own bank, right? Infinite banking, becoming a value creator. Trusting yourself that you can commit to this. That's super important. And then I like to wrap it with, hey, what's the strategy? And do we have clarity? Do you understand what's going on? Do we have a strategy in place? Right? What— half the work is getting the policy, understanding the design, the company, underwriting. That's a ton of work upfront. But then the back end is, well, what's the strategy? Now what? Now that you have the policy, now what are you going to do about it? Right? And Chris alluded to, okay, we can borrow, we can invest, we can do different things. It's a matter of narrowing and figuring out that one thing that we're gonna do. All right? There's a theme here that has been expressed by Chris already, and I just want to label it, that I believe in today's economy, and this has been this way since 1971, that we need to start thinking cash flow over net worth. That is the game that Kris and I are playing, and it's the game that you should be playing too. And this theme of cash flow over net worth simply gets you to realize that dollars that are sitting idle, hoping and praying for a rate of return one day, someday, to then have when you're in your 60s, when you can hopefully retire, if you can retire— there's too many ifs. Too many variables for that method. And the reality is what we're seeing for anyone who right now in the chat catching the live or catching the recording, if you're approaching your late 50s right now or 60s and still wondering if you can retire and how much on, guess what? What you've been taught, even though you did it right, you got the match, you max funded your 401, you saved the money in a savings account. You paid down debt or paid off debt, and you still don't have enough. What did you do wrong? It's not that you did something wrong. It's how you—it's the financial concepts that you've been taught to do that no longer apply in the economic system that we live in today. Forty trillion dollars and increasing in debt. Hundred and fifty or hundred and seventy-five trillion of unfunded liabilities, my friend, Chris and I both know this. We live in a debt-based economic system. So therefore debt can either become your friend and ally, or it can become your greatest enemy. And I think most of Americans today are experiencing debt as their number one op, their number one enemy, instead of their greatest ally. Debt is tax-free. Debt can be leveraged to create more cash flow. So if we focus on this theme of cash flow over net worth, guess what? You're going to get net worth as a benefit. And then I like to wrap it with saying, can we live intentionally? Can I become a value creator? That's the characteristic profile that Chris mentioned earlier about the— is creation, right? I want everyone in this room to be value creators, because if you're creating value, a result of that would be cash flow. And if we can steward the money properly, know where it's going, spend less than what we make, follow basic financial rules and principles, and then put that to work with an asset that's going to give us guarantees, predictable results, and liquidity all the way through, and tax-free benefits Oh my goodness, you're gonna have so much fun. So velocity banking adds a layer of efficiency to infinite banking, and it also is a place of pregame work to get you ready for the strategy, right? To get you ready to fund that asset, and you're really gonna take off. So this picture I'm gonna paint right here is an example of a way someone can bring both strategies together and have fun with it. And honestly, the way I like to teach my clients these strategies is adding a dose of fun and entertainment to it. Chris, you're very good at this with your marketing, so I love it. I'm always learning from you as it pertains to marketing, but we have to make these things fun, interesting, and engaging. To me, there's nothing boring about this, but I do understand for some folks that this is not your strong suit. This is not your area of expertise, and that's okay. You can lean on people like Chris and myself to help you become educated enough to where you feel confident to put these things into practice. And what's awesome is Once the light bulb goes off, not once you learn the strategy— there's a difference. There's people I work with where the light bulb goes off and they just, they understand the moving parts of what's happening. And that's what I believe Chris and I want you to get coming off this webinar, is we want to get light bulbs to get turned on rather than you trying to become an expert in these strategies, because I don't believe you need to. I have mothers— that's like my core people that I serve is mothers of all ages, of all different backgrounds, all walks of life. And I would argue if mom of 4, single mom, divorced mom, widowed, can learn velocity banking strategies and infinite banking strategies without ever having a finance degree or going through years and years of education and college and whatnot, and they're getting massive results, it's because their light bulb went off. And they just followed the steps. It was less about becoming a master over it, although when you have the light bulb go off, it's sort of like a result. You'll become a master of your own finances, your own economy, and how you operate. Okay, so I'm gonna speed up a little bit more here and paint the picture for you. Everyone has income. Where does it land? All right, Chris mentioned this. It lands in a bank. And when it lands in the bank, what account are you using? You're using a checking account. Okay, great. I'm not telling you to, to stop this because honestly, there's no way. You have to keep this account active, the checking account. But what I am going to urge you to do is stop having the money sit idle in the checking account. I've got to move it. So one of the most popular places that we can move our idle cash as another vehicle to create acceleration is going to be a first-position home equity line of credit. In other words, turning your home— comment if you're a homeowner, comment homeowner. For those of you who are homeowners, we can turn your home into a checking account. It can function like a checking account and begin to work in our favor. And so to give a simple example here, the average client I'm working with in today's environment— it's 2026, we're, we're coming off of really high interest rates— so I'm working with folks And Kris, I'm pretty sure you see this all day long, people with car loans of anywhere from 7% to 9% if it's new, or if it's used, I'm seeing 10% to 13% car notes. If you've got credit cards, I'm seeing 20% to 30%, maybe even more. The highest one I've seen so far was 33%.

Wow.

on a credit card. Insane. If you've got personal loans, I'm seeing 10 to 16%. If you've got really good credit, it may be like 6 to 9%. Okay, and then student loans made a comeback the last couple years. Some people are sitting on 7, 8, 6% student loans, where back in the day it was like 3 to 4%. 4 or 5, but those are starting to creep up again. So the average interest that I'm seeing is 10 and up. 10+ percent or more is the average interest, total interest cost that you're sending money to all these different institutions. Okay, that's what's happening. And then there's one Product that you never touch, but you refinance all the time. And that's your first lien 30-year mortgage, right, Chris?

Yes.

The first lien 30-year mortgage. This is rocking at 4% to 6%. It's typically the lowest interest rate on your Balance sheet, but arguably the highest cost and greatest opportunity for leverage. There's multiple things going on here. So what I am doing often right now lately is taking all these high rates, Chris, right? And this works again great for people who are either not qualified for infinite banking due to health concerns, Or very low cash flow, so we don't have enough capital yet to fund that bank, or they're negative cash flow, and we're trying to finesse. Velocity banking is a form of finessing and moving things around in a very strategic way and releasing, creating relief, creating more equity, creating more leverage. This is just one example. There are multiple other products that we can use. If you're a business owner, we can use a business line of credit. We can use a personal line of credit for my W-2 people. We can use credit cards. There are certain credit cards that function like a line of credit. And then we have home equity lines of credits in the second and first position. I've got tons of videos on this to help. All right, so In this one example here, because this often solves so many problems at once, and then it literally, it's like a slingshot, it's like a lever that you're able to then fund infinite banking with almost right away. So in this example here, someone with a first lien mortgage, you're rocking somewhere around 4% to 6%, or maybe pre-COVID or first year COVID, you locked in a 2.99% or 3.9% or 3.5%, something really low. And you're sitting on multiple— when I say multiple, Chris, like, I'm sure you're seeing this, right, my friend? People are equity rich today, but they're cash poor.

Never seen it greater than it is right now.

Oh my goodness, it's blowing my mind. And there's one move to unlock all this equity, and it's your credit score. Less about your income, like all those things, we keep it consistent. You're paying your bills on time. If I can improve credit score and then get you to learn this product, how it works, how it can bring these 2 concepts together, And let's say you come to the conclusion that it makes sense to relinquish a low-rate mortgage for a relatively higher-rate home equity line of credit in the first position, or in some cases— in a lot of cases I'm working with— lower. HELOCs have made a comeback in the last year or two because rates have been coming down. Banks are getting really, really competitive. Banks are really excited about accessing all this equity, so they're pushing home equity loans right now. I don't want to get you confused. Home equity loans is one thing, home equity lines is a whole nother ballgame. They don't really push home equity lines of credit for reasons that you can come to your own conclusions for. I'll let you think about that. But to stay focused here, What a first lien home equity line of credit does is it relinquishes you of the obligation of that mortgage payment— principal, interest, property taxes, and insurance— relinquishes it altogether, and all you're left with is a required interest-only payment. Okay, this, in my opinion, is one of the most efficient ways to refinance debt to avoid the debt consolidation companies. Again, if I can get your credit where it needs to be, typically 720 or higher to get the best deals with the best banks, then we unlock all this equity that you were sitting on. Again, at a relatively low rate with HELOC— first lien HELOCs today are rocking between—

3.5%.

6.25%, 7.5%, maybe 8.5%, right? But the biggest holdup people are having today is like, Denzel, my, my rate is so low on the mortgage. I'm like, yes, but you're also getting killed over here with all these high rates. Your car loans, your personal loans, your student loans, your credit cards, your IRS debt that you owe. All of it. You're getting hammered. 30%, 40% of your income is literally going to debt payments and debt obligations. Imagine if you were able to move all of it or some of it in chunks into your home at a net 6.5%, 7.5%, maybe 8% Off just consolidation. So now you've reduced your overall 10% plus average, I'm seeing 15% plus average cost of debt and payments. Interest cost is one thing, but then you look at the payments. Many of you are putting out $3,000, $4,000, $5,000, $7,000 a month in payments. Imagine if you rerouted that to your home. Well, what happens, very similar to infinite banking in a way, and this I sometimes I explain infinite banking like the home that people have, is you get appreciation, right, on the tail end. Your home appreciates in value over time. The interest you pay on your home is tax deductible if you use it. It's potentially tax deductible. And when you create the liquidity, that line which allows you to park the idle dollars that was in the checking account and park it in the home, you're now effectively lowering this interest cost to arguably close to what you were already paying. On the first lien mortgage when you look at the entire year-by-year cost basis. So you end up bringing your cost of your rate, right? Let's say you have a 7.5% first lien HELOC mortgage, but because of all this consolidation, because of all this money that you're flowing into the first lien HELOC, it brings down what's, what's your effective, like, net cost of interest. Sometimes in half. So it takes 8.5, brings it down to 4.5, 5.5, maybe 6, maybe sometimes 3 or less in many cases. And then when you factor in tax deduction and when you factor in appreciation of your home, my friend, what did we just do? We just unlocked a ton of capital, ton of equity, ton of capital, which then means what? I can then Implement infinite banking. And so what I do, this is how I operate in my finances. I have income that comes in, lands in a checking account. The checking account is linked to my first lien HELOC on my primary residence. I have a total line of credit of roughly $500,000. $67,000, okay, is the credit limit. And if I owe like $400,000, $450,000, however much I owe at any given time, income is going in to pay down the home over time. I've been in the home now for 2 years going on 3, so I'm automatically paying the home down. Then I take the same dollars And I fund my bank, my whole life policy. So now I've got funding my bank using bank's money. So I'm using the bank's line of credit that they issued me, that they think I'm responsible enough, which I am, to handle this credit line amount. And I take money from there and I fund my own bank because it's more secure. I'd rather, I'd rather have debt over here on the first lien. than in the whole life over time. Then I borrow out of the whole life and I do the things that Chris said. I'm either going to make an investment, fund an asset, or I'm going to pay off more debts. I basically shifted the debt from here into the home and then moved it into the whole life, borrowed out, financed some other purchase, some other investment, create more cash flow. Everything I do points back to cash flow, points back to cash flow. I don't want accumulation. I could care less about net worth. I don't care if I'm worth a dollar on paper, Chris, because as long as I have cash flow that's able to pay all my expenses and there's positive cash flow left over, Then I'm liquid. I'm arguably more efficient than someone that's worth $1 million but can't access any of it because it's all locked up. So that's how a lot of Americans are functioning today, is you have all your wealth is stuck in your 401, it's stuck in your IRA, it's stuck in your employer-sponsored plan, it's stuck in the equity of your home. Meanwhile, you're getting hammered on these debts— credit cards, personal loans, student loans, IRS debts, car loans, mortgages, mortgage payments, right? Arguably, the mortgage payment itself is a killer for a lot of folks. And that mortgage payment keeps increasing on you because your escrow is always short. Every freaking year, it's always short. So I wanted to paint that picture there. Again, we could— I could go hours and hours on this, and I want to respect everyone's time for sure. So I also want to, you know, bring in some questions as well as we learn how both these things start to come together. And I just want to give you those, those frameworks, the mindset. Okay, Denzel keeps saying cash flow over net worth. Okay, wonderful. I need to be a value creator. Okay, how can I become a value creator? I can increase my skills, gifts, and talents that God gave me. That's going to give me promotions at work. That's going to allow me to show up more powerfully. I can start that business I've been sitting on. I can encourage my wife to start that business she's been sitting on, or I can encourage my husband, right? So if it's the wife talk— wife listening or the husband listening, like, you can encourage your spouse to start that business that they've been hoping to start, or maybe your kids. Have a business idea, right? So we want to encourage value creation with a cash flow theme and understand that there's assets that you do have, whether it's your good credit, which is going to give me access to tools that we can leverage to restructure debt and then pay it down extremely fast. Really, the premise, uh, the crux of velocity banking is the same notion That infinite banking is saying, where are you parking your money and what is it doing for you? In velocity banking world, we're simply saying, hey, that checking account is not doing anything for you. If you were to just simply move all that money into this personal line of credit, this home equity line of credit, and then use the debt to pay off other debts— so using debt to pay off other debts, you're not going into more debt. You're just simply moving it into a cheaper cost of money location. And instead of using extra payments at the end of the month, figuring out how much I'm going to pay extra to this debt, to this debt, to that debt, instead of spreading your money out everywhere trying to pay off everything at once, you're more targeted. You're doing a target approach. And now we're using all of your income To pay down the line of credit. And what's nice is a line of credit functions like a checking account. You're able to put money in, take money out instantly, very similar to a whole life policy. You're able to put money in and you can take money out relatively quickly, within 3 business days often. However much money you put in, that shows up in cash value. You're able to pull out And then when you pay back what you borrowed, 100%— when you make a loan payment on a policy, 100% is principal. Works the same way with a line of credit. Every payment you make before the due date is 100% principal. So every time you put principal to a debt, you are interrupting the compounded interest on a debt. You're interrupting it. You're cutting it off from ever being accrued again because you have a lesser principal balance owed. And then you have liquidity, so you're able to pull the money right back out, pay your bills and expenses. Guess what? Cash flow sat in the line all throughout the month to improve your personal finances, unlock all this cash flow so that we can fund that bank. So think of Velocity as a tool that I can use temporarily or I can use in a permanent fashion to help fund the infinite banking and eventually get away from the banks altogether. And to finish it off, on the left-hand side of the board here are what I call the layers. I would argue a whole life policy that's structured for infinite banking, high cash value performance, is going to be your superior reserve account. Pretty sure Chris agrees with me on that. This is a superior reserve capital account. And then there's other layered products that I like to use that ultimately point back to the superior product. So high-yield savings account is, is one over checking, obviously. First lien HELOC, second lien HELOC, business line of credit, personal line of credit, credit cards at 0% with cashback rewards and statement credits. All right, and then I finish with the investments that you have in your 401, your house, maybe you have a rental. Before you think about selling it to pay off debt or selling it to give you income and get taxed horribly, think about the value of borrowing. Before you sell. And that's what velocity banking also helps you understand is, wait a second, I can just borrow so much cheaper than for me to sell and/or in many cases use cash. I'll stop there. I'm going to tag in Chris here. Let me know how you're feeling so far. Maybe we can dive into some questions.

Feeling good. But I'm—

you got me all fired up, man. This is so much fun.

I think we can bring this whole thing together and put a pretty little bow tie on it. You know, many of you have been chatting with Craig over on the sidelines, but Craig is one of the smartest people you'll ever meet. So smart that back some time ago, he started looking at infinite banking and velocity banking. And what he started doing is saying, These 2 need to work together. So he proved that velocity banking and infinite banking can come together as one, be used in conjunction with one, but it was complicated. He did it first with Excel sheets, but then he said, nope, we need a software. So we created a software that does this, and I want Craig to kind of come on, and I want him to kind of take what you all just learned about infinite banking and about velocity banking, and Craig is going to bring it all together, put it Pretty little bow tie on it and show you the mathematics behind everything you've just heard in the simplest way. And listen, like some of you are probably watching some of this stuff being like, oh, this sounds complicated. This sounds like a lot of work. What if it wasn't? Is your GPS in your car hard to work?

No.

You just type an address in and it just takes you there, right? You just gotta listen, make a right, make a left, go 5 miles, make a right. Well, what if all that you just learned was that Simple. Just a GPS. Just change the way you think about money, change the way you use money, add a GPS, the software, the operating system. And that's what I want Craig to show you. And also, folks, listen, you know, I know we're kind of getting toward the end of this training. We said we were going to go for an hour and a half, and I want to make sure that all of you know, if for some reason any of you want to look at your individual situation, you want to look at what this would look like for you, We're going to post a link where you can book a call and get on the phone. There's no cost for that call, and we're going to kind of walk you through your situation. You're going to walk us through your situation, I should say, and we're going to solve whatever problem you bring us. Fair enough, Craig? You want to take it from there?

I will do. I'm going to go ahead and share out my screen, so if you can just let me know if you can see that. Sure can. Awesome. All right, now we got about 20 minutes left, so I'm going to jump through a lot of You know, introduction pieces. And I just want to reiterate what Denzel had shared earlier. He said, you got to know your numbers. We have to know what our numbers— we want to know our income, our expenses, our debts. And so, once we have that information, we're going to go into the system we call the Vault. There's an ability to upload your infinite banking policies. You can configure your velocity banking strategies in here. But what I want to do is just share with you a quick approach on what we call the Debt Blaster Trifecta. And we also have a little manual or a book that if you do go out to the Vault website at byobvault.com, you can click on download a free copy of the Debt Blaster Trifecta book. What this whole strategy is about is getting your, your debts classified and ordered in the proper sequence. Using infinite banking to build wealth while getting out of debts and using the same strategies that Denzel just talked about. Velocity banking could be first lien HELOCs, could be personal lines of credit. But what if you took all of those and put them together so that you were efficient in your debt paydown? You built wealth while you were paying down your debts. And you did it with speed with velocity banking. So that's really what the full strategy is about.

So.

So I'll walk you through kind of an example of how we do this inside of the system we call the Vault. Step 1 is really to get all of your debts in here. So I've already gone through and populated a profile where I have personal credit card, you know, personal loans, medical debt, car loans, student loans. We have all sorts of different kinds of debts out there. And so what we want to do is get that classified, get it into the system. You can do that by clicking on an Add a Debt. You know, put your debt name in here, your balance. We have some other mechanisms with, you know, some spreadsheets that we have. If you want to fill them out there, we'll just shove the data right into the system. But that's really step 1. We're going to get your debts, and you might have to do some, some work to figure out what your rates are. These pesky credit card companies, they make it so hard to figure out what your credit card— what, what is the rate they're charging you on these debts. But once you have it all here, what the system's going to do is start doing some analysis to say, all right, what order should we pay these off in? And that's really the step one. And so I want to introduce you to a strategy I call the no strategy strategy. The no strategy strategy means if I pay off this personal credit card and I've wiped out this $2,500 just through time of paying that $75 over and over, What do a lot of people do with that $75 if they have no strategy? What do they do with this $75 when they're done paying the personal credit card? Who can tell me what most people do? These aren't the Earl Nightingale people. These aren't the people we're talking about. What do they do with that $75? They spend it, spend it, waste it. Now you guys are on it. What we're talking about, and, you know, there's, there's been some situations that we've had strategy calls and the budget is so tight where if we get this out, we got to get it out of here. But yes, we want to add that into the next debt. So, we're going to take that $75,000. When it's free and clear, we're going to add it to the $125,000 and go after the business credit card. And everyone knows about that because Dave Ramsey made the snowball. popular, but there's other strategies out there. And so, what I want to do is just jump down into the strategy table here real quick and show you—

And if you can zoom in just a little bit.

Okay. Let's see if we can do that. How does that look?

Yeah, that's better. Thank you.

Okay. I'm going to have to jump around or maybe scroll around a little bit. But when I talked about the no-strategy strategy, that is pay off a debt, take the money and run, go out to eat more often, go buy some more stuff. So this, this list of debts, there's $78,000 of debt balance, an average weighted interest rate of about 8.66%, and we're paying $1,265 on those debts. So now what we're going to do is we're going to come down here and say, if I didn't do anything differently, I just do debts the way most people do, which is pay them off one by one. We're in debt for 181 months. That $78,000 of debt is going to cost us another $30,516 in just interest. The bankers love this strategy, so they want to give you the dumb, dumb suckers and tell you to keep doing it this way. But if we just take the next step in the, what I call the debt plaster trifecta, which is getting efficient, should we order our debts in the snowball, the debt avalanche, or the cash flow index? So snowball is lowest balance to highest balance ordering. Debt avalanche is highest interest rate to lowest. Cash flow index looks at a— Efficiency score. And really, at the end of the day, it doesn't matter so much which one of these you do, but just have a structure. But what the software is doing is saying, for this particular debt profile, we're seeing there's a little bit of efficiency of paying them off by highest interest rate to lowest. So we're going to save a little bit in interest here. So we have no strategy, strategy, $30,000 versus $22,000, 181 months versus 80. We've got more for you because we've talked about infinite banking, we've talked about velocity banking. But if you just stopped here, the Dave Ramsey approach, yeah, we're, we're not doing too bad, right? We're getting out of debt much faster, paying less interest. But that's not where we're going to stop today, because what I want to talk about is what if we took a velocity banking approach To get rid of our debts. So we may have a— there are a lot of questions earlier as Denzel was going through his presentation on, can I use a second lien HELOC? Can I use a personal line of credit? Can I use a business line of credit? Can I use my first lien HELOC? Yes, you can. And so what we're going to do is go down to this Velocity Banking profile. And what we're going to do, and this is where it becomes very important to know your numbers. We're going to go through each of these tabs and put in what is our income. This is our net income. What am I getting from, say, my job? Maybe I'm doing some consulting on the side. Maybe I've got, you know, a 1099 source of revenue that's coming in for maybe some investing. So I want to get all of my income classified. And again, this is monthly income after taxes. Then we're going to go through and start listing all of our household expenses, automobile expenses, living expenses. And as we go through those, you'll see some of these have blue checkmarks. Some of them do not. What this means is my groceries at Kroger, I can pay that out of my line of credit or out of my HELOC. Now, if you have a first lien HELOC, you should be able to almost pay everything out of that. I've got a first lien HELOC, and I can pay just about everything out of that. What I specifically do is I put all my groceries, gas, all my bills on a credit card as much as I can. And then I put my income into that first lien HELOC at the beginning of the month, or as it comes in. And at the end of the month, I just pay the credit card off in full. So I've got that income whittling down that balance during the, the month, and then pull the expenses out at the end. But this little blue checkmark means I can pay my grocery bill with my Velocity Banking tool. I can pay my Verizon wireless. For some reason, I can't pay my medical insurance, so I pay that out of my checking account. But anyway, once we get through all of that, we're going to then go and list— I've got multiple tools here, but let's just say we use this HELOC down here. I went to my local credit union. They gave me $50,000 line of credit at 7%. So I have a $50,000 line of credit. And I have $50,000 available. We can configure an all-in-one or first lien HELOC where maybe I've got a limit and a, you know, an available amount because I've been using some of it. I can use second lien HELOCs, first lien HELOCs, personal lines of credit. So it doesn't really matter. But you're going to go through and put in your, you know, second lien HELOC, my limit and my amount and my interest rate. Now, once we do all of that, it's going to come in and say, all right, your income is $8,293. We have $5,162 of expenses. Some of those can be paid from our HELOC, some of them cannot. And we have $1,265 of debt payments. So our net cash flow— and this is what Denzel was talking about earlier— here's your net cash flow. What can we do with that? That ultimately is going to be the income we're leaving in our, in our HELOC every month, because we're going to put our income in there, pay our expenses out, pay our debts, and this is what's going to help whittle our, our balance down. Okay, so what we're going to do now is go down and, and pick the Velocity Banking tool we want to model and play with. So I'm going to use this second lien HELOC that has $50,000 available. Now, here's a question I want to ask everybody. I have $78,000 of debt here. I have a HELOC with $50,000. Should I take that full $50,000 and just throw it at my debt? Or should I use half of it? How much do I— how much should I use? So go ahead and put it in the chat and let me know. Should I use it all? Should I use half of it? Really what I'm asking is, in velocity banking, how much of my line of credit should I use for my debt? So we have 66, we have all of it, don't use it at all. Okay, it depends, and I don't know, maybe it's 30, maybe it's 60, maybe it's half. Here's the way I look at it. There's a mathematical reason why I'm going to pick this $15,558. But there could be some non-mathematical reasons why I don't want to use it. Based on your income, your expenses, your interest rates, your cash flow, all of these things, what we're looking for is if I take too big of a chunk, am I going to be introducing more interest cost into my debt plan? If I take too little of a chunk, am I going to be spending more with the banks? So there's a, there's a point in my utilization where I'll find that exact number that's going to be the most efficient use of my HELOC and my debts. This is saying $15,558. If I add more debts, right, take some of my net cash flow away, this number is going to change. Now, as I've done strategy calls, sometimes it says to use a bigger chunk and people say, hey, I can't sleep if I use my HELOC that much. No problem. That's a non-mathematical decision. I'm okay with that. But at least you can quantify the impact of changing this. So if I drag this up to a bigger chunk size, you can see this isn't that big, but, you know, I'm adding $92 of interest over the course of my debt paydown. Whoopie. But sometimes that's $1,500, sometimes it's $2,000, sometimes it's more. So my whole Point is we're going to run this scenario with our optimized value. All right, so now what we've done is we've put all of our numbers in. We know our net cash flow. We have our, we have our HELOC picked. Now we're going to click on this Activate Velocity Banking Boost. When we go down to our payoff strategy, we're going to keep our debts ordered in the debt avalanche, and when we take a chunk, we're then going to throw it at the debts in that order. Now, here's where velocity banking is a beautiful, absolutely beautiful thing. I can go from 181 months down to 80 just using the avalanche. Using my net cash flow, I can get all those debts out of my life in 24 months. Now, I'm going to be backfilling that, that chunk size. So it's going to take me about 2 months to restore my chunk size after I get all these debts gone. But we're going to be doing this in a repetitive motion anyway. But here we are in 26 months with getting all of our debts out of our life, just using our second lien HELOC. Instead of paying $30,000 of interest, $5,600 is what we're paying in interest to the banks. So we got the job done a lot faster. We paid a lot less interest. And what we need to do is just test your numbers. We need to get your numbers in here to run through and say, does this work? Do we have to optimize? Do we have to change something? But down here is where we start to show on a month-by-month basis, what, what am I doing in my, in my velocity banking tool where month 1, I'm taking this $15,558 chunk out of my HELOC. I'm paying off my personal credit card in full. I'm paying off my business credit card in full. I'm paying off my personal loan, and I'm going to just continue to take the overflow and throw at that medical debt. Now, I wiped out a bunch of debts and I freed up $380 of cash flow. We're going to continue to take that $380 and throw it to the next debt in line, which is our medical debt. So you will see we're going to now use our net cash flow, our income and expenses, and we're going to fill up our HELOC. And by month 7, we're taking another chunk, and then we're going to retire our medical debt. We're going to throw a big chunk at our car loan and knock that from $20,000 down to $4,000. So this is just the prescription of what we're going to do. Now, I like walls of numbers. I'm a spreadsheet person. I love these things. When we built this, Chris said, please, please, Greg, help me with getting these walls of numbers out of here. So what we did is we built the GPS, which is kind of a more simplistic format of, all right, month 1, take this out of my HELOC, put this in, you know, this is my income going into the VB Tool, these are our expenses. And so we're going to make $16,823 of debt payments. If you want to know exactly which one's getting which, we have to go to that spreadsheet, but we can just kind of walk through the GPS every month. It'll tell us what to do. So whether you want to use this format and kind of keep track of where you are in the process, and at the end of the day, and Terry and I have had many conversations, well, what if my income changes and what if this changes? We just go replan, put the numbers in and replan it. I want to go back to here and say velocity banking is awesome. I've been using velocity banking myself for over 6 years. Great strategy. But at the end of the day, what we've done is we've moved faster. We haven't necessarily built wealth yet. So here's the question. And I liked how Denzel put it. He's like, hey, we want to get to about $1,500 of cash flow. If you had $200 of cash flow, it's probably not enough there. to scrape some off and put it into the infinite banking side. But if I have $1,800 in positive cash flow, and actually I kind of messed up because I wanted to run these numbers without this $500 in here. But what I'm going to do is say, if I was funding a life insurance, a specially designed whole life policy like Chris talked about, and I had $500, then what does that look like? So realistically, what I should have done, and I messed up my demo here, so Forgive me, but I'm just going to rerun this real quick to show you. If we had that $500 in our net cash flow, we'd actually have $2,366 of net cash flow. That just means we move faster. We got the job done in 23 months versus 26. Okay, so our interest paid is now $4,831. So velocity banking, hands down, it's one of the fastest ways to do it. But now what I'm going to do is go back and say, what if we did one of those specially designed whole life policies and we threw $500 a month? Every month, $500 is going to go into this specially designed whole life policy. And that would look something like this, where over the course of the year, we would have put in $6,000, $6,000, $6,000. But what we're going to do, since we're funding it monthly, every quarter we're going to take out the maximum loan from the policy. So now we're going to expand this infinite banking section. I'm going to use a policy where we're putting in $500 a month. And although I could take monthly loans, at the end of the day, save yourself some grief and just do it quarterly. It doesn't change the numbers all that much. So month 1, $500 in, month 2, $500 in, month 3, $500 in. Month 4, $500 in, but that same time I'm going to request the maximum loan. So now what I'm going to do is activate this cash value boost, and I'm going to have my velocity banking going all at the same time. So let's go look at that. The table gets a little busier, but what we're going to be doing is keeping our debts ordered in the avalanche sequence. We're going to be doing infinite banking And velocity banking. So this last column is really the data that's showing you where we're doing them all together. So the trifecta is what we're doing is the debt avalanche for efficiency. We're doing infinite banking for wealth building. We're doing velocity banking for speed. So we're done with our debts in 22 months. So we've paid all of our debts. We're not paying Visa anymore, the car loan. All those things are gone. But what we need to do, because we refinanced that debt into our policy, we refinanced that debt into our HELOC, we're going to pay our policy loans and our HELOC back. So we're done in 26 months. And do you remember, does anybody remember how long it took me to do this if I just did velocity banking? So if I just did velocity banking, we got the whole job done in 23 months. So we added a little bit of time because now we're at 26 months. But let me ask you this question: would you be okay slowing down by 3 months if at the end of that 3 months you had $10,000— $10,854 of cash built up in your policy that's going to continue to compound and grow for the rest of your life? And you had a death benefit of $128,000? I think most people would say yes. Now, here's the beautiful thing about it. We paid even less interest. So, we started at 30. We whittled it down to 22 with the Dave Ramsey strategy. With Velocity Banking, I think we were somewhere in the 54 or 55, but we got this thing down to 52. So, this is the option where we're paying the least amount of interest to everybody else. So, we kept more of it for us. We built cash value in our policy that's going to compound and grow for the rest of our life. We have $1,265 of cash flow we just freed up because our debts are gone now. We're in a much better position because if we have an emergency, guess what? You have your HELOC filled back up. You have cash value in your policy. We can start serving our own needs with the things we need to buy with major purchases. We can handle our emergencies a little bit better because, look, at the end of the day, if I have an emergency, need to pull a loan out from my cash value, I get to say when and how it gets paid back. It's on my terms, my schedule. So that's what we're trying to get everybody to in this trifecta strategy, is be able to bring efficiency to your debt blasting. We want to build wealth while we're doing it. We want to move as fast as we can with our, with our velocity banking. So with that, I just want to stop, see, Chris or Denzel, any questions or anything we need to go over in more detail? I just wanted to give kind of a, a quick glimpse of what's going on here.

Yeah, the only question— there's 2 that came up. One specifically is Marie. She said, what should I expect to pay for the overall bank costs to obtain the all-in-one or first position HELOC before any debt is applied to the borrowed amount? So basically, Asking like, how much does it cost to set up an all-in-one?

Well, it really depends because when you go through the all-in-one application, you know, there's going to be appraisals and, you know, there's closing costs. When I did mine 6 years ago, I think I paid somewhere in the ballpark of $6,000 of closing costs. Now, they may run you through and say, do you want to buy some of it down? So there has to be some analysis of does it make sense to throw a little bit more to buy the loan down. But that's really going to depend on a lot of circumstances, and we would just have to go through the underwriting with the other one. But mine was around $6,000, if that helps.

Yeah. And just to chime in on that, that $6,000 that Craig's talking about also factors in state closing costs and fees that everyone has to go with. But if we're just talking about the all-in-one product, when you're working with a bank, usually like their actual like one-time cost is usually like $1,500 or less, maybe $1,000-ish just for that product. Everything else is third-party fees for the most part. Or if you're gonna buy down points, then you're adding, you know, more to your, to your closing costs. So hopefully that Clarifies so that people don't get scared by the $6,000. It's, it's very similar to if you were going to refinance a 30-year mortgage, except you just don't see all that cost because they've put it into the actual loan amount. We're not trying to add more debt, we're trying to pay it down. So it's, it's actually very valuable, um, and very cheap, much cheaper than a refinance when you actually look at the line items. Uh, one by one, whereas like a refinance will cost you 1% of the loan amount versus a one-time flat fee of say $1,500. It's a big difference.

Yeah, and the other thing too is you'll use this in stage, you know, phase 1. Let's say we're getting out of debt and I used a $50,000 line of credit. Let's just say you had, you know, $50,000 available. Not that I would necessarily go put the full utilization towards an investment, but That's what I've used my HELOC primarily for, is I'll take chunks of money, go put it into some of the private lending and buying mortgage notes and things I do, and then it just pays it right back. So, I'm kind of creating assets out of that money, and you can do the same thing with your policies. We're just leveraging that money to go make more money. So, once we get out of debt, we want to move into that next phase of how do we safely start making more money With the resources that we have because we have lines of credit now that are available. We have cash value in our policies that's available. So, that's really where we want to get to. And that's why we build it this way is we want to be as efficient as we can to get out of debt, but we want to build some wealth and some resources while we're doing it. Because if we just do it the banker's way, they're the ones benefiting. They're the ones making all the money. Chris shared with you they're making anywhere from 400% to 1,300% And that number comes from the Bower Financial website. It's time to stop that and start building for our own families. And these are the strategies that we've personally used. I've personally used this for 19 years, infinite banking for 19 years, velocity banking for 6. They work.

Yeah. At least get some of that 400% to 1,300%. That's my only argument when I'm talking to clients. I'm like, at least get some of it.

Yeah. Yeah. So I don't know if there's any other questions. I know there was one I just saw.

That one's right up your alley, Craig, from Jay. Does the system pay off a credit card balance of $15,000 even if it is on a 0% promo? So like, let's say their credit card's 0%. Will the software tell them to pay that off?

Yeah, let me just show that real quick because that is a great question. So up in your debts, what you can do is that as we add debts, you can— and because this happens a lot, we can go in and put in our credit card, our balance, our minimum payments. And then when does that rate expire? And if you want, you can just pay the minimums, but we want to get that thing paid off before that thing flips over. So you can model this out.

Everything.

Yep. So you can model it out and it may make sense to— I've actually had people who are just, just keep paying the minimum and working on the other debts. But if this thing's ready to flip, then we're going to, you know, maybe take a bigger chunk out of our HELOC. So the thing is, we can model it and we can determine what is the most mathematical, the most mathematically efficient approach to take. But like I said earlier, sometimes we're making decisions that aren't All based on math. It's very hard for me to say, but it does happen out there. And one example is I met with someone and they're saying, you know, I took a car loan from my brother-in-law and it was around Thanksgiving was coming up and like, I need to get this loan out of here. Every time we get together in a family, they give me the look. So, if you want to, you can reorder this. It doesn't mean that you shouldn't. It's just there's going to be a cost by me taking this car loan and shoving it to the top of the list. And we actually showed that— show this down here is this custom strategy. So instead of being done in 80 months, or now it's going to add another month to the debt cycle, instead of paying $22,787 in interest, you're going to pay $23,000. So there's a cost. But guess what? If I can sleep, or if I can get this debt out of my life and get my brother-in-law off my back because this car loan, then it's probably worth it. And at the end of the day, we're just quantifying that decision. That's okay. Mathematically, it doesn't make the most sense, but from a mental perspective, it makes a lot of sense.

And listen, if any of you want to try the vault, we've been putting the link up there. It's just BYOB Vault. You can try it. There's a, like he showed, you can get the Debt Blaster Trifecta book, but you can also go on and you can demo the vault. There's a free 7-day trial and people are always like, well, why 7 days? Because in 7 days you can go on, you can test it and see how it will solve your problem. And then there is a cost for it after that. And the cost is depending on what you want to use it for. There's, there's 2 main packages. It's either $190 a year or $490, I believe, or $470 a year.

Or $90 with the bank, with the infinite banking piece.

Yep. So it's just, do you want the infinite banking piece or do you just want the velocity piece? So velocity 19 a month and the infinite banking like 40, 47 a month. So you guys can give that a whirl and try it out. That link's up there. And also, you know, Denzel's been posting it up, but if any of you want to get on a call with this team to kind of go through the entire strategy, have them look at your individual situations much like how Craig did that. But imagine if they were doing that with your stuff, your numbers, your solution, your line of credit. What would your numbers look like? We are happy to do that for you. So there's a link up there. You just click that link and then pick a time, book the call, and then we will be able to help design that for you. And Craig, I don't know if you want to throw in there your contact info if anyone wants to reach out to you regarding the vault and just all this magician stuff that you do. I love it.

Yeah, I'll put my email in there. And if there's any questions about the vault, just let me know. And there you go. So that's my email address. If you have any specific questions, happy to answer those. And Tess had mentioned about the biweekly training that Marius and I do. The next one we're doing is on the 3rd of September. So it's every other Thursday at 7 PM Eastern. And I can go ahead and I'll have to get the— I'll have to get the link. But Chris, if you want to, you know, kind of take the ball from here, I'll go dig up the link and get that in the chat.

It's up to you.

Yeah. Yeah. I'll go grab— I just have to go to another— let's see here. Yeah.

And a bunch of people have been asking if we're gonna post this somewhere, this recording. So we're gonna send this out to everybody that registered for this. I just gotta wait for Shawna to get back from her vacation. I promised her I would not bother her, so just be patient, but we will get this all edited up and sent out to everybody. And again, I reposted the link if you guys want to book a call and the BYOB Vault, uh, link as well.

And what might be easier is if you want to join the Cracking into the Vault session that we do, that's the Zoom link, and then this is the meeting code. The next one will be 9/3 at 7 PM Eastern.

Love it. Okay, Denzel, anything you wanna say to bring this sucker home? We're a little, little over schedule, maybe 10 minutes, but not too bad.

Yeah, just a little bit. Just a little bit. I, I won't, I won't be too long. I just wanna say thank you for this. It is awesome to see this many people coming together, really dedicated, trying to learn, spending You know, an evening, an hour and a half now, a little bit longer to really dive into this. So hopefully we gave you the frameworks, right? We gave you some examples and you're walking away with this. Comment below if you're like, I received value. Let us know in the chat, I received value today. Let us know how we can improve, get better, because that's what we do every single day. That's why we want to keep doing these workshops. That's what I do, what I do, what Chris does, what he does. We're really creating an entire ecosystem Again, a safe place where you can learn these things and in an affordable manner as well. Of every software out there that I've seen that has tried its attempt to mimic velocity banking in a software or try to tell people what to do in a software, it often results in you having to dish out a couple grand, multiple thousands of dollars upfront. I've never seen a subscription model this low. Where you can at the very least try velocity banking for a year, see how you do. Try it for 6 months, see how you do. You should be able to see results within the first 3 to 6 months of doing velocity banking. You should see the results immediately once you've acquired the tool and once you know what direction you're going in. So I'll leave you all with that. Thank you again, Chris. This is awesome. And thank you, Greg, as well for really bringing it all together. That was awesome.

That was great. All right, folks, well, that— with that, thank you for sticking with us. I know we went a little over, but we really appreciate your time. We'll get this bagged up and out to all of you that registered. And with that being said, can't wait for the next one. Until then, see you later.

Thank you.