Denzel Rodriguez explains what you need to do before starting velocity banking. He compares the strategy to driving a complex vehicle, stressing that you need thorough knowledge first to avoid financial mistakes.
This number is including everything, okay? So I want to see monthly bills, debts, right? Debt payments. I want to see quarterly bills coming across. Velocity banking, you're just hearing about it, and let's just say you are sold, fully sold. You're like, I want to do this. This is going to help my personal finances. It's going to help me get to the next level, whatever that may be. I want to pump the brakes on you just for a minute, for you to just reflect and really think on what are some things that I could be doing before I jump into this strategy. I may have been sold into it. I may have been convinced. I may have watched Denzel's videos or someone else's videos on this, and I'm like, I'm really excited. I want to do this. And maybe there are some things that you don't see that could potentially get you in a lot of trouble, right? With your personal finances not understanding all the different nuances in place, I would argue that velocity banking is one of those things that you do need to know a lot about it before you actually start it. For example, in other situations, you've got, you know, say someone is learning how to drive a car for the very first time. You don't need to know every single part in the vehicle for you to operate the vehicle. No doubt about that. And most people will successfully drive cars. But I would make a strong argument that when looking at the velocity banking strategy and concept, I wouldn't argue that you need to know every single part of that vehicle, that car for you to drive it. But you do need to know how to change the oil, you do need to know how to change the car, the tires. You do need to know how to check your transmission. You do need to know when you're running low on certain fluids. You do need to know how to read certain digital information on the vehicle on the dashboard, right? Other than just drive, brake, slow down, right turn, left turn, U turn, parallel park. You see that distinction that I'm making there? So when it comes to this strategy, a lot of you are getting into it, thinking that you're doing it, right, thinking that you can just hop in this vehicle and go drive it and not realize you just got in a very exotic sports car, let's say, right? It's manual drive, not automated. Okay? So this video specific to spend a lot of time on all of the pre steps, all the before stuff, the education, right? And then just reminding you that this entire channel is preparing you for that particular strategy that the majority of videos on this channel talks about all the different things regarding velocity banking. All the good, all the bad, all the ugly. When to do it, you when.
