You may know me from my YouTube Channel Denzel Napoleon Rodriguez, and I'm The Finance Geek. I'm here to introduce you to the method called Velocity Banking!
In the past you may have heard about Velocity Banking in the same sentence as "it's complicated" and even "is it a scam?" This is NOT true, and for many people, Velocity Banking is the first step in a long line of lifestyle changes, but what exactly is Velocity Banking and how does it work?
Velocity Banking is defined as the use of financial and banking products that manage and increase cash flow, to quickly create financial security by eliminating, reducing, or minimizing interest. Velocity banking is a more efficient way to use your current income.
The first thing I tell anyone who is thinking about starting Velocity Banking is to know your 4 Major Numbers: These numbers are Income, Expenses, Debt, and Cash Flow.
Knowing your Income and Expenses is pretty straightforward, what do you get paid and how much are your bills....
Our sixth step in building our Kingdom is deciding if we're ready to build a team. Let's say you've 10 X'ed your income and you are starting to get overwhelmed by the amount of work that has started to come in. As you build your business and your influence tasks you once saw as “relaxing busy work” may begin to feel tedious. This is one good sign that you are ready to outsource and hire people to help you grow your business.
So, I’m sure your next questions is, Denzel, what do you need to look for when I start to build a team – what are my first steps? Don’t you worry I have 5 things for you to think about when you are ready to build your team.
Let's start by figuring out the things in your business that cause you stress, the things you may not be good at, or things that delay your time. If you are busy doing things you don't love you won't have as much time to help your next clients.
Find a role model, or a couple of role models whose company,...