I recently began reading up on the VELOCITY BANKING strategy with a credit line and I'm very interested in how well it really works. I'm curious if there is anyone in the Denver area familiar with this banking strategy and maybe has been implementing it?
@Austin Carr the concept has many names and from all I can tell works if it is followed. I would say that it takes far more discipline than most folks have. It requires living on a budget which again most folks do not do. I have not done it but again from what I've seen it would work.
It works, my wife and I saved almost 364K and are paying our mortgage now in 3.4 years instead of 30 years :)
@Brett Leavitt This is amazing, I really need to figure out my local market soon to see how i can best apply this method. Not sure where to start but needs to happen sooner.