I got my big boy glasses on because we about to get technical for a technical guy IT so I had to make sure I'm prepared ready to go got my numbers on the board accurate numbers cuz you know gotta be technical right so as you can see another velocity banking scenario here's the situation alright 49 year old individual the goal that I have for them that free in seven years or less can I do it let's see this person works in I tease an analyst alright making 38 96 a month expenses three thousand five hundred forty nine dollars here's their debt one hundred and eighty three thousand eight hundred ninety seven dollars its mortgage cars student loans credit card and their cash flow starting September 2018 three hundred and forty seven dollars okay that's where they're at right now and in seven years from now we're gonna be retired debt-free and a good friend of denzel right so here we begin line of credit as you know we have to get our debt weapon in order to get this going we already have cash flow so I can begin right off the bat line of credit five K here's the interest rate nine point two five divide that by thirty days you'll get this number right here that is what he will pay in interest on any given day for any outstanding balance on that specific day okay the first debt that we're going to tackle to kill the fastest and to also increase our cash flow the fastest right is the student loan debt here's where it's at six thousand five hundred twenty one dollars okay his cash flow is this three forty seven times that by twelve you get this number right here that's gonna be my chunk out of the line of credit okay now as soon as I make this junk on the student loan I significantly lower the balance I satisfied the month's payment the interest gets cut off right which provides me cushion for the interest that I'll pay here it'll offset all right and here's how it works his income is gonna get dumped three thousand eight hundred ninety six dollars is going back into the line of credit after I made my chunk that's what's going in what's going out is his overall expenses what stays in is the 3:47 do the math twelve months dunh dunh or even less okay as soon as this is done he's still gonna have to satisfy the line of credit okay it'll still have an outstanding balance of a thousand or so will have an extra one to two months to kill the line of credit after we killed the student loan debt the results are I save over a thousand and interest over here on the student loan I killed six thousand five hundred twenty one dollars in one year as opposed to a six years I believe his student loan is six years five years okay and I increase my cash flow by a hundred and seventeen dollars because that's what he was paying for the minimum payment that makes sense is it is it is you is you feeling it are you feeling the energy okay can I keep going I'm gonna erase this that all right okay cool so we just increased our cash flow 117 dollars we killed that alright now the next thing we're gonna hit is a credit card that he has alright this is where I'm gonna need my notes my notes you gotta have notes man the only way to do things right avoid making mistakes look so he's got a credit card next three thousand nine hundred twenty three dollars real easy we're just gonna make up we're just gonna make a chunk boom of the three thousand to that credit card right from the line of credit okay our cash flow okay this is what goes in although this is a chunk that's the chunk 38 96 goes in guess what my expenses are lower now right so less is going out of the line of credit therefore I'm paying less in interest and I made a mistake I made a mistake whatever is 117 plus 347 do the math let me know tell me but that would be what stayed in I didn't even write that down man damn cuz you know I'm bad at math really bad you know I'm trying to tell people how to get out of debt likewise but I'm with that with this credit card that he has it's zero interest all right so he's not paying any interest over here he would only be paying interest on the line of credit to avoid paying interest over here before the expiration date right now he was paying 166 to that credit card so that will be our increase in cash flow along with the 117 along with the 347 I'll have a total cash flow of 630 yeah 6:30 and this debt would get killed in six months or less okay six months or less that's a quick one that's a quick quick victory right there increased cash flow of 166 okay and now here's what we got to do because he has a mortgage okay it's got a mortgage that's that's the last debt that we're gonna fight okay but in order to go into battle correctly got to be prepared all right so what we're gonna do after we've killed the student loans and the credit card we're gonna increase our line of credit to 10k all right because our cash flow went up all right so when we attack the mortgage okay think about the timeline we're one year and six months out from 2018 of September okay so his two-day balance of his mortgage is one hundred and thirty six thousand one year and six months from now it should be at 120 120 thousand or a hundred and seventeen thousand so I'm just gonna say 120 right is that is that would be the current or the future it would be the future balance of the mortgage he's paying 1202 a month towards the mortgage interest rate three point two five right so what are we gonna do if his cash flow is six thirty times that by twelve you get seven thousand five hundred and sixty dollars which will be his chunk year one on the mortgage out of the line of credit okay let's say his income stays the same the same and he does nothing else okay income stays the same right putting in he's still dumping the three eight ninety six going in to the line of credit 3266 goes out for expenses six thirty stays in okay that's if he did nothing else didn't get a raise just kept living the same lifestyle this mortgage would be paid off in 72 months that's exactly six years six plus the one year right plus the six months seven and a half years just close close now what if what if all he did was get a dollar raised on his job a dollar do $1 times 40 hour weeks 40 times four weeks times that by 12 that's an extra one thousand nine hundred and twenty dollars take out tax let's say 15 fifteen hundred okay if all he did was get a raise right of $1 his first year chunk would be that but his second year chunk he would have the ability to put in to make a $9,250 chunk if that's the case I'm gonna increase that again to 15k or even 20 my credit will allow it his credit is gonna be booming right because he's making chunks of just under four grand each and every month so his credit is gonna be rocking and rolling did you know and if all he did was get $1 raised a year from now not even counting this year where he killed the student loan and the credit card if all he did was get a raise next year 50 years old dude he'll have the ability to make this chunk payment and instead of paying the mortgage off in 72 months he cuts it in he cuts it to 66 months that's just under that's five point five years plus the one six point five plus the half a year for the credit card seven years boy that free at 56 years old retired debt-free he's trading on his laptop because that's what he likes to do he's making pips every day he's got the Sun in his face he's got life on his side oh man can I preach get this what if his goal is to be retired by age 51 or 52 I think he said right so that gives me two years okay for his income to increase so let's say the third year he gets another dollar raise right before he retires right he doesn't he don't even tell anybody he's about to retire but let's say he gets a raise in that last year he's about to retire one more dollar ties it by 40 hours times it by 4 weeks times that by 12 same thing 19 20 take tax out 1,500 bucks let's say dude dude he'll have the ability to make a $10,000 nine hundred and twenty dollar chunk in the third year of doing velocity banking for the mortgage guess what it'll be paid off in five years 60 months or less and then the results are he would have saved over 15k in interest that's his cushion over here for the interest that he's paying on the line of credit offsets basically didn't pay any interest right because I say 15 over here over the course of the next five years on the mortgage my cash flow goes up twelve hundred and two dollars I now have a home with a lot of damn equity in it okay that I can flip alright maybe I can go get another rental or let that thing appreciate okay whatever he want he's got options now he's got options now he could take from the equity in his home invest in what he knows trading Forex currency pairs euro dollar dollar yen dollar cad Euro Pound whichever ones he likes he picks four to five becomes a practitioner a master in trading dude come on man using other people's money to invest in himself to produce more money create passive income oh man oh man debt-free right yeah three seven years and that my friend is his blueprint to getting out of debt increasing cash flow lowering expenses all using our own income right this is gone we don't need that there all right cash flow in the thousands all right now here's where it gets interesting he's gonna have a new problem no problem yeah see he's still he's gonna have a money problem see there's only two types of money problems lack of money right and then making a lot of money and not knowing what to do with that money and when you don't know what to do with the money like people who in the lottery or people who come into a lot of money guess what they lose it all they live a lifestyle that matches what they're making but this guy is smart right he's smart he's gonna continue doing velocity banking right he's gonna use the cash flow that he killed from all that debt he's gonna put it into his training account he's gonna go from trading micro to many to a standard account making ten to twenty five pips a day which could equal to twenty five hundred dollars a day right or it could mean two hundred and fifty dollars a day or one thousand two hundred and fifty dollars a day those with the Forex it's weird it's all depends on how much you're risking per pip all right it's either $1 per pip $10 per pip ten cents okay and then the spread however long he's going with it however long he's riding with it now look he went from this now I'm pretty sure you guys all know this one right this picture if you don't shame on you shame on you you want to look up a guy Robert Kiyosaki and he'll teach you this but basically he went from employee Street here to investor by trading Forex right he didn't even go this route and didn't even go this route because this route specialists self-employed 60% tax their employee 40 business owner 20% tax and guess what investor zero zero tax zero tax now that's that's easier said than done to pay zero tax the way I would recommend him to pay zero tax like I always say man you got to get your insurance your banking and your real estate in order right real estate can mean a lot of things okay but with insurance dude you can get a savings asset in line so that he can continue to earn money passive tax-free right that's the know paying tax there here's another thing that he can do you can set up his CR T stands for a charitable remainder trust or a dynasty trust right gets that in line that's your real estate estate planning okay get some properties under his belt so he can park money in different places so he never pays any taxes right and he's got his trading account just it's a machine now it's just he blogs into that thing for thirty minutes an hour plays the game leaves the game puts his money and things that produce income no matter what right his activity income is the forex trading his passive income is the asset that he creates right I can help him here getting the savings asset in line right that's the insurance part charitable remainder trust that's on him he's gonna have to look for you know a good attorney lawyer to really make that happen that that goes into building your team right or a dynasty trust alright and that just who creates the shield around your wealth guaranteed legacy behind for the family and my friend my guy is living living living the life so look you enjoyed this video my name is Denzel I'm an entrepreneur I'm here to serve you I want to put your numbers on the board if you are in financial troubles you need help you need assistance I have a form that you can fill out it's very easy form okay and that is a way for us to connect build some trust get you to know like and trust me all right for me to put your numbers on the board show you the blueprint where to go how to get there right and ultimately I want to become your friend honestly you know if we never do business together that's fine but as long as I'm able to have a real relationship built real rapport genuine service genuine giving I will be fulfilled and I'll continue to do this to continue serving you every single day moving forward all right so enjoy the rest of your day thank you very much