Podcasts Business Investing The His and Her Money Show How The Velocity Banking Method Helped This Couple Pay Off Debt

How The Velocity Banking Method Helped This Couple Pay Off Debt

Published: Jan. 23, 2020, noon

b'

The debt-free story of James and Cathy isn\\u2019t your typical \\u201cwe saved money and hustled to get out of debt \\u201c story.\\xa0

It\\u2019s a bit more complicated than that.\\xa0

It\\u2019s also a debt-busting strategy that isn\\u2019t for the weak.

After paying off close to $60,000 in loans, credit cards, and student loans, they switched to a high-paying strategy known as the Velocity Banking to pay off their house early.

Tune in if you are looking for a non-traditional way to pay off debt along with the practical steps you need to make sure you stay on the \\u201cpaid\\u201d side of credit.\\xa0

Cathy St. Louis is a Mom and blogger who works from home and blogs about simplicity and a debt-free lifestyle. You can follow her and James\\u2019\\xa0 journey on their website and Instagram.

\\xa0

WHAT YOU WILL LEARN\\xa0

  • What caused James and Cathy to make the shift to debt crushers
  • Why Catchy and James decided to trade in a car to save on expenses and continue their debt journey
  • How to manage debt when one partner is a big spender
  • Why ego is a big part of the issue with overspender
  • Getting a good deal on your car trade-in
  • Building a sales cushion while paying off debt
  • Using bigger sums of money (like a bonus or tax refund) to pay off debt
  • Cathy and James\\u2019 unique strategy of using the HELOC to pay off a debt off fast
  • Why James and Cathy chose to use the Velocity Banking method in the first place
  • How they invested in Velocity Banking without getting

\\xa0

RESOURCES MENTIONED

\\xa0

THANKS FOR LISTENING!

Thanks for tuning in to us on The His & Her Money Show. If you have any comments or questions about today\\u2019s episode, please let us know your thoughts in the comment section below.

If you\\u2019ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

'