It Doesn’t Matter If You Make $2K or $20K a Month, You CAN Rid Debt w/Velocity Banking! Just Do It!

hi and welcome back to my channel I'm Christy van and I talk about velocity banking on this channel we discuss how to get out of debt and how to get out of it very very quickly so today I wanted to talk a little bit about where I started on my velocity journey and how I came about learning new ways to do finances I found myself always doing without always my children never had enough it was we were very blessed in you know the health and all of the fun stuff but it was like we never

could get a grasp on finances so I started working more um I picked up you know side jobs I actually had trained a little bit in doing mortgage loans as an officer and I thought now when I look back on it that's kind of funny I opened the daycare I ran the daycare for a couple of years until I sold out of that I had a lot of success with money but I never made enough I was studying scripture along with getting you know these side hustles to make more income so that I could provide

the needs of my children I decided to get a new career because the career I was in at the time that I was working the side hustles I was working as a secretary and I made 500 a week and with the side hustles I probably brought in another thousand a month so let let's say I was average in three thousand thirty five hundred a month clear broke 3 500 a month is um not a whole lot to raise children on after my divorce I decided to look into a career to make even more money what

I found was even with the new career where I was really making a lot of money um because I was a certified welding inspector worked up north through the union and I mean some of those jobs you clear four thousand dollars a week right so you're thinking I'll have plenty of I have plenty of money I have plenty of money I'll get everything paid off so you just think okay I'm making more money and some weeks I'm making four thousand dollars a week and I realize that you're on a shutdown you know for six weeks

maybe had I known then what I know now I would be a multi-millionaire because I was making plenty of income I was just working money the way everybody else in America is taught to work it we are taught to do AIDS checking and savings account we are taught to pay our bills and save a little right I never could win and I couldn't figure out why I was making the money I was making yes I had more I had more things I had a vacation I would take here and there with my children um but

it was just like I always felt like I was living paycheck to paycheck and making four thousand dollars a week you would think that's impossible and it should be impossible but for me at that time trying to get all of the debt from the divorce paid off it was I was just paycheck to paycheck that's all I can say so when I started really studying uh even scripture about you know uh giving and how you know your giving is returned and it is that has proven to be a real game changer for me is when

I started abiding by scripture and started the tithing started the giving that really made a huge difference I felt better about my finances but I was still in a place of broke just broke uh my daughter turned 16 my oldest daughter turned 16. I I couldn't even buy her a junker to drive because I did not have the money I had a mortgage I had the car payments um I just I had all the typical stuff the Americans have but I found myself just broke and when I get people today and they come to me

and they're making you know ten thousand dollars a month people making three thousand dollars a month they you know are like they shouldn't be having a hard time they have plenty of money but it's not about how much you make it's about how we are taught to do finances in the United States of America so the whole thing with my channel is to teach people how to start looking at your money with a different mindset let's start looking at um credit and debt the way we should be looking at it instead of the way that

we were taught to look at it so let's review a couple of things that I have gone over in previous videos that if you want to go back and dig those up they'll talk about you know how to get out of debt how to use your checking account things that really make a difference when it comes to how you use your money to pay off your debt instead of me when I would make four thousand dollars a week I would take it and you know four thousand dollars on my car to check it off like

I said had I known than what I know now I would be a multi-millionaire because I could have gotten rid of all of that debt and it kept my money functioning for me doing things with it I should have been doing you know 20 years ago 15 years ago but I just didn't know any better and that's what I want to bring to you a little bit of knowledge to help you come up out of the mire of the bad credit when we talk about credit let's start with our income so your income whether it

be somebody making a 20 000 a month can be just as broke as somebody making two thousand a month it's not about it's not a deficiency in you necessarily it is how we are taught to use our money so if we bring our income in and if we have uh five thousand dollars a month it doesn't matter it could be two thousand dollars a month as long as your income exceeds your expenses you are a winner so if we have our bank and then they have taught us to have a checking and the savings all

right that's the first thing I mean when you're old enough to get a job you know your parents they're like yo you got to go get a checking account so that's what we do is we get a checking account and then if we have any left we might put ten dollars in the savings or we might spend it I mean usually we spend it do we live paycheck to paycheck so when your income comes in you put it in the bank right it's usually a direct deposit straight into the bank then out comes your food

comes your house payment out comes your utilities everything comes out of this if you have a car payment it comes out of the checking and then you know if you have ten dollars a week left over you'll put that into savings and ever so slowly your savings grows but is it growing is it really growing due to inflation especially in 2022 I don't know I don't think so not like that they're telling us it does because this .0012 percent that we get out of our savings accounts or whatever it is that is not beating this

21 credit card that you have got over here on the side right if you're paying 21 in a credit card debt this point zero zero one two interest rate you're getting on your ten dollar savings is not touching this actually this is eating this up that's what we want to get away from so let's talk about if you have a 21 credit card and if you're like me the very first credit card I was even able to get was 250 dollars so at 250 dollar credit card is nothing but guess what I kept that thing

to the max and I made those minimum 25 dollar payments a month too and I thought there's no way I can pay off 250 dollars that's the mindset Okay so if we were to take our income even in a 250 dollar card and we put it we take 250 dollars paying there then we minus out our electric bill Maybe maybe it will minus out uh our food for the week we're down to zero balance do you know what happens to a credit card when you use it that way when you're putting your income in you're

using it to pay your expenses out do you know what happens to this the bank raises it and they'll raise it really fast so this 250 dollar credit card it will go up um maybe 500 maybe like one I had went to 3 000 and I'm talking within two to three months they shoot up so if you've got a three thousand dollar credit card and instead of putting your income in here and leaving it you come down here and out of this credit card so you see you your income will go into your checking account

throw whatever you need in here if it's to the limit of three thousand dollars throw it in there because guess what you're going to use it you're going to use it on food you're going to use it on your utilities you're going to use it for your car insurance you're going to use them for dog food your groceries your doctor bills think about this if you turn to this three thousand dollars credit card into your checking account just think of how fast you're going to increase your credit score because your income is going in and

your expenses are coming out income in expenses out continually throughout the month the credit card company loves that they will increase you they will give you more cards you'll go from one 250 dollar card and in three months four months Max you may have a fifteen thousand dollar line of credit that is what we're going for because your lines of credit are the real power behind paying off your mortgages paying off those car loans paying off student loans quickly very quickly so it's so important that you change your mindset out of this checking and savings

if you've got debt over here if you've got you know 250 maybe you have a ten thousand dollar credit card that is to the Limit they're charging you that 21 percent uh that thing could be gone in no time depending on your income depending on your expenses now if you want to try to get Frugal and do this where you are watching your pennies and your you know you're not eating out every week and you know the the average is that you can eat off of 75 dollars a month one person so if you have

a family of four and your food bill really shouldn't be over 300 a month seventy five dollars a week because if you're doing 75 times each person in your household divide that by four that's what you should be spending on food now it is very possible I have done that I did that recently shopping to where you are meal planning every meal and you can do that on 75 dollars per month per person very easy very easy and I didn't realize that I heard that on a YouTube video I will look up that lady whoever

that was that said that and when she said that that day I'm like who could eat 75 a month for one person absolutely we did it we did it for several months and it was a lot of fun because we did prove that you can live on nothing and have so much more money left over to pay off these debts so you might want to try that it's it was a good idea and it works so review this think about it think about changing your mindset think about how different your life could be financially you're

not being controlled by debt anymore you are controlling your debt and that's the way we need to live we need to stop this paycheck to paycheck living like that we're struggling because we're not you're just putting your money in the wrong place and letting it go and sit in a bank in a savings account when you've got all this debt that is silly if you've got a hundred thousand two hundred thousand dollar mortgage and you're letting a savings account set there when that mortgage is eating you up with its interest you need to change your

mindset let's talk about this how we can get you out of that debt ever so quickly if you have any questions if I've made any mistakes please leave a comment below I have links to my website to the contact form I'll be glad to talk to you about any Financial issues that you are having and see how we can work things out for you too thank you so much for joining me I want to thank my subscribers because I am just overwhelmed with joy that you all want to listen to anything I have to say

but I promise you this this channel is for nothing but to see you get debt free and to find Financial Peace thank you and have a good day