The Financial Philosophers

Episode 36 - Be Wary of Velocity Banking

Chris & Danny Season 2 Episode 8

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There are a lot of financial coaches and finance gurus on YouTube who promote the concept of Velocity Banking. Many of them claim that it is the ultimate strategy for aggressively paying off debt and decreasing interest. Others claim it is nothing more than mental gymnastics, or worse, an outright scam. Like most controversial topics, the truth is often found somewhere in-between. In today's episode, Chris and Danny will cover what Velocity Banking is, as well as the pros and cons you need to be aware of. 

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