To get a grasp on a new to you financial concept, I recommend asking 3 questions:

1. What does it mean?

2. How does it work?

3. How can it change my life?

So let's start with the definition answering the question "What does it mean?"

Borrowing is a temporary possession of money with the intent to repay the amount borrowed. In a financial sense, if you borrow money, you assume a debt to the lender, this debt contains the principal amount plus interest.

Time to break that definition down. We have two parties when we talk about borrowing - we have the person who needs money (borrower) and the person who has money (lender). When a borrower asks for money and is approved for an amount they sign a contract that states how much time they have to pay the lender back, but they have to pay the original amount they borrowed plus interest back to the lender.

there are two major ways lenders calculate interest simple interest and amortize interest - you can read more about the differe...

Now that we have taken on creating Activity Income for your business, it's time to talk about Passive Income and the dream of "making money in your sleep" you hear so many entrepreneurs talking about.

Learning how to create Passive Income is the key to running a sustainable business. The goal is to have your Passive Income equal more than your Activity Income - when you get to that point, that is the true definition of financial freedom.

In the realm of Velocity Banking, your Passive Income is saving and investing. So when I refer to saving, I am mean establishing a tax-free asset. When I save money, I intend not to risk that money - the sole intention is to have an emergency backup. When I refer to investing your money, I mean literally putting your money to work for you - you don't have to do anything with it, and it is "making" more of itself.

So if I'm saving money, I cannot put that money at risk. I need to have that money stored somewhere safe where it'll grow - minimize or av...

The third step in our Kingdom Series to establish our Kingdom Authority here on Earth is to protect our Kingdom. Some of the items I’m going to list are things people ignore until the last minute. So, I have a list of things you need to have to protect your Kingdom – no matter how old you are, or how many family members you have:

• Living Will

• After Death Trust

• Life Insurance

• Estate Planning

• Financial Power of Attorney

• Medical Power of Attorney

I am 23 years old, and I have a life insurance policy, I am establishing a will and trust. Next, I’m looking into estate planning services - which should lay the groundwork for the powers of attorney. So how do you do all these things? How do you really put all of this together? 

I want to explain to you the first 3 steps I’m taking to ensure I leave a Legacy for the people in my life.

1. Right now, I am working on building a team, running your business by yourself gets overwhelming quickly. Many of the entre

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So, let's start at the beginning because on a basic level, we've already discussed the two main types of income streams, Active and Passive. Active Income is income earned by actively putting forth effort to create income while Passive Income is the income you earn in your sleep.

Many of us are already hustling and bringing in a second stream of income, whether we realize it or not. Did you know 4 in 10 Americans have a side hustle or a source of income that is outside of their standard paycheck? Now you're wondering - what are the benefits to having multiple streams of income? Well, I'm here to share my three favorite reasons why people are gravitating towards having various streams of income, and I'll share a video explaining my multiple streams covering how I'm expanding my Kingdom.

1. Potential for More Financial Security
   Multiple streams of income make you feel more secure in your finances. Your day job may pay your bills, but if you are already on a tight budget and ready to ta

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Today we are going to be talking about how to launch a business for your Kingdom, and how to choose an entity type for that business. So first things first, what are the different options?

Sole proprietorship: A sole proprietorship could be right for you if you want to run a small-ish operation, with a few employees or contractors. For this type of business, you need to be comfortable making 100% of the business decisions.

+ there is no legal paperwork involved (apart from local licenses/permits)

- It can be hard to get financing since banks and investors see a sole proprietorship as a risky business entity.

Partnerships: If you or your industry thrive better in a creative and collaborative environment, a partnership might be the right type of business for you. Popular examples of partnerships include law firms, bars and restaurants, creative agencies, and family businesses.

+/- Partners equally share all costs, debts, and losses (except in limited partnerships)

C Corporation:...