I didn’t watch this for any financial help. I watched this video to hear the soft, soothing voice help me fall asleep

Great video. Because of you, I opened up a line of credit and I started rolling. I use my open line of credit to remodel my house and aquire assets. I really appreciate you sharing your knowledge. i'm 54 and never heard of velocity banking. Now i'm teaching other people. I'm paying it forward.

Capital one extended an offer to me to help me rebuild. I started with 300 limit and they raised it to 500 after 6 on time payments I now have 3 cc I. Am so grateful to cap 1 for giving me a chance ❤️

Wow this really does work. I tried doing this for the first time and in 2 months the credit card company up my credit limit and it increased my credit score a little. I did this blindly but now I need the knowledge. I'm looking forward to being financially free some day soon 😀 and begin kingdom building. Amen 🙏🏽 thank you Denzel

Started this two days ago with my husband and our capital one card and we already see a difference! We are so excited about our finances now! I've shared this with our two adult kids and our teen son. Great information!

Denzel deserves the world for giving us this content, god bless.

Thank You Denzel. Don't know how I managed not to find your Teachings over the years, but Praise God, I've found your teaching now. God IS good. 🇺🇸🤙🏽

Gosh I'm making big moves because of you Denzel! I just called Capone and they dropped my int% by 5% because of a chunk payment. Bless you!!!

Proverbs 13:11 Dishonest money dwindles away, but he who gathers money little by little makes it grow Keep helping Gods children and he himself will bless you beyond measure.

Hello Denzel I have a math and physics background, and I have taken some time to follow your presentation. I appreciate the time you have taken to make this video presentation. I want to first say that your method works, but you have to come up with a better way to present it. Everything still looked fuzzy even after watching this a couple of times. You are not taking the time to show your audience how you are coming up with some very important numbers, and you like most other presenters seem to be explaining conclusions or results rather than demonstrating how those results are obtained. It might also help if you start with a clean white board, and then develop your numbers as you go so that your audience can see for themselves where all the numbers are coming from, and most especially how they shrink their debt with time. Run that scenario for at least two or three months so that the pattern can be seen. That will make your explanation more concrete. I was personally able to understand velocity banking from studying a few articles on the subject after the videos failed to explain the concepts clearly. Once I understood it, then I saw how powerful the method was. I immediately started using it to pay off my car. It works. And to anyone struggling to understand this, looking at a detailed spreadsheet and following the numbers carefully will give you the understanding that browsing over the numbers will not give you.

I wish I would have known about this years ago!! But I’m glad I know now

So with good credit, this basically eliminates payday loans

I am believing with you for that Capital One partnership. May all your goals become a reality in Jesus' name...Amen.

Lol love the closing. Great stuff man. I believe I’ve been using velocity banking subconsciously but I have some cleaning up to do.

I love how you manifest your destiny! Love it!

This is awesome. Definitely going to try it. My Faith increased watching some of your videos to first change my mindset. All about kingdom moves. Believing God for the Capitol One Sponsorship with you. Time to take ownership of my future!!!!

You are amazing I see you opening your own bank . I would love to join right Now . May God and the ancestors be with you .

My Lord! I touch and agree with you Sir. Sponsors are coming!!!

Thanks a lot...... For helping everyone here in VB Family.....WE ADMIRE YOU.

I have started to use the Venmo credit card and Amex credit cards to make chunks and pay down debt with no fees and no interest. 2 player system required. Use Venmo card through venmo to send money to my spouse. Money is then sent to a debt to make a "chunk" payment. 30 days later she uses amex and the Amex send feature to send money back to me and I pay down the first card. I toggle between the two cards until they're paid to zero, then start again.

Denzel! You're the man!

I have been doing this and didn't even realize it had a name.

Thank you for this video bro...amazing!

Very good videos! Very informative! My credit is now 748 and should be above 750-800 by years end. Once I'm debt free, what should I be doing? Hard to know in this economy. Right now, I'm working on my small business.

I agree with you Capitol One is a fantastic company to work with!!! Do not confuse with Credit One i was offered a card from them and i made a typo when setting up the app on my phone, when I tried to correct it they closed my account and refused to give me any information about how I could correct it, locked me out of the app and told me to call them where I was informed the since I couldn't answer the security question (remember the typo!!!) But they would again tell me there was important info to check my app!! This happened 10 times in the last month I was charged an annual fee for a card I had for 2 weeks!! Im sending payment but the only way I can see if they get there is by watching my credit report!! Very dissatisfied with Credit One!+

you are so bright and an inspiration!

Unless you're using a 0% interest debt weapon as you carry your chunk balance over from month to month; The savings you achieve by doing two 12k chunks in a year is neglible from paying a consistent $2k a month (cash flow) on your debt. It equates to a few hundred dollars a year in savings so what's really so special about velocity banking over just making extra payments over time in the same amount as the chunks?

Hello everyone please be aware of scams and accounts impersonating me. I do not sell investment advice, i never use WhatsApp to conduct business, only click on links in my description to conduct business. This is your warning to avoid scams on my channel and other channels as well.

You’re awesome Brother Thank you

In 2 examples Ive see you use 6000 of a 10000k LOC, is that the suggested ratio for chunking on loans? 60%? My concern is if I go too far and use too much of the LOC. Scary things start to happen in the back of my mind...

I have that card.. And i am doing a similar thing.. he would not need a new lOC for that 6 k debt.. I would CALL cap 1 and see if they could RAISE his card limit AGAIN.. from 3.5k to lets say 6k Then do a 3k balance transfer.. to pay off a portion of that loan, Should take him 6 months to pay off that B.T. then do it again.. for the remaining amount. Will he incur any fees for the b.t. NOPE. Just what ever interest is on the remaining balance. This does 2 things for him.. 1 it does not affect his age of accounts (worth 10 percent of score) and 2 it also does not affect any "weird" Credit card rules like chase's 5/24 rule on applying for them or amex or barclays rules. If he can get a NEW LOC.. C.O should be able to give him more on his card. If not.. THEN i would apply for a new line.. but not without trying to get that card limit raised again.. and tell them.. i want to do a balance consolidation.. but my limit wont cover all of it (at 3.5k) .. this gives them a REASON to increase the line... They should be happy to considering your moving debt into their court for THEM to make money off of, and your now a solid score with 1 debt left and all cc's at 0. So you have very little utilization (worth 35 percent of score). I love the quicksilverone for this balance transfer feature and high starting CL. Other than that.. solid math and i would agree on the rest.

Claim it. Its yours. Amen.

Great tutorial!

Love it !

Hi Denzel, I just found your channel and I'm so impressed. I heard you mention filling put your form. I need a little guidance to get comfortable with this system of chunking. How do I connect with your company

First of all, what is the hypothetical interest rate on the debt? Is it amortized? That would be the questions I would ask if I were to go about increasing by cash flow and securing wealth.

This is just predatory. Don't cash advance on your credit cards. It's almost as dumb as getting a payday loan.

I was smart with money before watching this video. After the things I learned in this video, I'm smarter. Thank you, Sir. Stay blessed.

Dont forget to donate at your local food banks : )

Thank you son! Appreciate you

a thing of beauty!

Denzel is si cool. He cracks me up 🙌🏼👍🏼🙏🏽

Sir u are a blessing. Thank u!!!!

@Denzel Napoleon Rodriguez Can you explain me a little bit more the part of the Direct Deposit Cash?

Capital One is not a “friendly” to me, to me Capitalism is not a representation of Capital One but a predator company. Only a consumer’s view that I held for 25 years.

I just found you,. I am in love with you. Thank you

Love your vibe, man.

Just to be clear the “expenses" are items that you cannot pay with a credit card, correct? Debt is total and complete debt.

You're Amazing! Thank you

Denzel I am a visual person and an accountant, and I am not following your figures. The figures are confusing, for example is the expenses $1944 or $2,065.44 it shouldn't be both.After he paid capital 1 $753, how did the expenses drop to $628? I'm confused!!! What am I missing????

Hey Denzel, just so I’m clear, when you say pay yourself back, where does that money come from??

The common financial advice is to keep 3-6 months worth of rent in savings. What do you think about this?

Thanks for responding so quickly, The debt is greater than my CC limit and cashflow,

Thank you so much; great information 💎💎💎 Blessings to you!

Excellent presentation 😊

I have a similar vision i would love to do so well i can give families in need help...

Well, I’m 5 years late watching this.i just opened bank account with Capital one , whom I have a CC with, and they no longer offer a CC connected to bank account with overdraft. Nor do they offer a PLOC. So, I see no reason to have the bank account with them honestly. Perhaps they could be useful later when I may have a business, idk.probably not.

I am confused what is the difference in the $753 owed and the $628 in expenses?

Explain this... Even if you pay 24000$ a year toward your principle only, it takes 8.3 years for a 200,000$ loan!

I enjoyed your teaching my brother?

This the one Denzel. Thank you

This sounds good BUT, it doesn’t always work out this way. And you notice that at the end you need more credit (LOC) to pay off debt. I would just take the time to pay it off without the LOC. Maybe get a part time job if you can. OR, just take the LOC in the beginning and pay everything off including the credit card and use part of the cash to pay it off.

I am going to utilize this. I have small cards with Capital One

I didnt get the pay yourself back... how do you do that

Would you only get the promotional offer out if you can pay off debt in full? I put all my debt on my miles credit card and pay that with my HELOC. The HELOC is funded with my salary. Downfall is that my HELOC won’t allow me to do monthly draft payments to those bills that won’t go on the credit card. So I do have to transfer money from one bank to the credit union where my HELOC is. I could change banks completely but I don’t really want to change to a credit union completely.

I only have a $623 Soc Security monthly and Discover card w/ line $1500 / Capitol One card w/ $600 limit. it is not much but I tithe. I'm trying to find work. God is using you to teach the body of Christ to prosper.

Had to watch in 2.0 speed.

When i put 6000 down principle only on mortgage its still telling me i owe my mortgage payment for the following month? And when i pay it without P.O. it just pays me next 3 months of mortgage no chunk into the principle?

Only thing I wished is that your sound was alot louder

Amen! Name it and claim it, in Jesus Name!

Like your way of explaining slow and concise no yadi yada

Nice concept for someone with lower income, expenses, and debt but no mortgage. He should begin working on his skillset to obtain a higher paying job.

So far I have not found a bank ,that will lend me money at 0% .My Capital visa charges 3% for 12 months.

I don’t understand how you are paying yourself back what you would have paid in cash?

Great Info Sir, Question I'm at 2300.00 per month income. I got 1 CC card Credit line 10k...debt on card 4k...interest at 16 % ..monthly expenses 1500.00. What should be my first course of action. Thank u

If I have 20k in savings, would you recommend skipping getting a LOC (don’t have a mortgage so can’t get a HELOC) , keeping 10 k in savings and using the other 10 k for velocity banking? Then I’m not paying interest and I’m literally loaning money to myself... does that make sense?

I’m glad I found you🤗

How did you figure 1730 as direct deposit. You need to go more into detail.

But, what's the interest rate on the $10k L.O.C on the bottom right of the board...???

I used the snowball technique from Dave Ramsey but used Capital one credit cards. The danger is using your cards as a debt consolidation loan and then run into trouble. Covid taught us a lesson....no one is safe!

Denzel, I’m interested in your service. Let me know how and what your service would cost. Thanks again Louie

thank you.

Hello, thank you so very much for your time and extra efforts!!! I apologize for not catching this, but in your example, when making the final payments to LOC, are you suggesting to still pull out of LOC monthly for expenses (or just paying the LOC off with cash flow)? If so, I was just wondering what is the benefit to still pulling it out at that point since its costing interest? Thanks again - May God continue to Bless you!

Way more involved than what you are suggesting

Is this subject to bail in legislation? Looking for a place to put my money where banks can’t just take it to bail themselves out.

Thank you for this information

Bro thank you 🙏🙏🙏

If depositor of money wants to take 100% money where bank lended 90% of his money to another? Is it possible? Not physical money. Atleast virtual in bank transfers? So using fractional reserve mechanism can I form multiple banks and deposit or lend in other banks I have and withdraw 10x more money?

Check out how you talk in this video vs your new ones

Love the cause

Just want to say Thank You!

Finding that mortgage companies and banking institutions will not take a credit card payment is there a workaround thank you so much new to your channel

I wish they would offer HELOC

What do you do when you don't have enough money from your cash flow or debt weapon to pay off a debt? Do you snow ball whats left after you pay your expenses, or wait until you can chunk a debt?

Simply Amazing!!!

Smoooooth....

Hi there Denzel!!! I loveeee your channel and what you’re doing in this community!!!!! I live in Canada and I’m wondering how can i be your client and learn about your strategies about being debt freee and where can I find life insurance in Canada NB?! I appreciate you & God blessed youuu!!!!

I have a LOC with Wells Fargo and everyone you withdraw it is considered a cash advance and you are charged for it every time

how did you get the original $753 figure?

Hey Denzel my name is James and I've been a big fan for a little under 24hrs now and I have a few questions about getting started and wanting to start with a brand new credit score..I don't have any credit cards, no loans and 2717 in debt for medical bills..how do I go about saving with a 500$ cashflow? And how do I build my line of credit to get it higher..how do I use velocity banking to pay off that 2700 or can should I? Answer whenever you can..thanks in advance