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How To Use Infinite Banking & Velocity Banking to Eliminate Debt? With Denzel Rodriguez

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In this BetterWealth podcast, I speak with Denzel Rodriguez ‪@DenzelNapoleonRodriguez‬ to discuss the pros and cons of velocity banking and infinite banking. Can they work together in tandem or are they separate in use and purpose?
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Опубликовано:

13 фев 2024

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Комментарии : 30

@khongcolong Месяц назад

Yes, run the numbers please. Excellent content.

@brentberdick4088 5 месяцев назад

Caleb you MUST talk with Christy Vann and have her refer you to some of her 1st lein HELOC providers and have them on your show. Just a few things... 1 NEVER get a variable 1st lein HELOC. Get a fixed rate, then you're protected against a rate increase. Then if rates go down refi the HELOC at a the lower rate. Most of your HELOC equity should be out making money for you going through a policy first for the "and". The bank can freeze or reduce your line but if its out working you the bank can't call that money back. Remember HELOC terms change at 5 years regardless so you should refi HELOC within 5 years anyway.

@BetterWealth 5 месяцев назад

Would love to talk with Christy! Thanks for the very thoughtful comment 🙏

@Jesus-kt5dc 5 месяцев назад

I learned a lot from your comment, that I wrote it down on a note card.

@KevinjohnsonIBC 5 месяцев назад

Love this conversation. Thank you both! Amazing value

@BetterWealth 5 месяцев назад

Thanks so much for watching and commenting!

@joelrobertsonmusic 5 месяцев назад

Loved this conversation!

@BetterWealth 5 месяцев назад

😊

@noegarza4746 5 месяцев назад

Praise the Lord...its good to now that people of the Kingdom are sharing 👌 Blessings

@cwall216 5 месяцев назад

This was a great discussion. Things to think about.

@BetterWealth 5 месяцев назад

When you coming on the Naked Numbers show 😊?

@cwall216 5 месяцев назад

@@BetterWealth when you are ready

@june191970 5 месяцев назад

Where can I find someone to talk to about my personal situation and if this will work for me to crush my personal debt?

@paezwa33 5 месяцев назад

What are your thoughts on budgeting apps like YNAB and their role in helping someone manage their finances until they can pursue velocity or infinite banking?

@rcruz401 5 месяцев назад

Is it considered posititve arbitrage if you have 70% of your cash value out in loans while paying only the interest every year with intentions to pay loan off 15-20 years in the future? Also, I've had my policy in place for 4 years now with Guardian. It's a 10/90 split direct recognition, and I try max funding it every year. Because I'm using mostly Business income from real estate cashflow to fund it, I am hit with taxes at the end of the year for the distribution to myself personally. Is there a way around this?

@Timber1205 5 месяцев назад

Velocity banking on a 0% credit card is a beautiful thing!

@BetterWealth 5 месяцев назад

Yes in theory it is! You just have to be careful not to get stuck with a balance with high interest. For many it’s not worth the risk. The people that are really on top of it though ✌️😊.

@user-jb4fr8of6n 5 месяцев назад

Sorry guys, but what it looks like to me is that Calebe has told Denzel what to say here..... And why do you think, You can rephrase what Mr. Nelson Nash said and or believe and meant?.