How To Use A Line Of Credit

This is the key to the Kingdom!

The Lips of Wisdom Are Closed ,Except for the Ears of Understanding. Let's goooo

🌟 Awesome explanation! 👌🏻 seen several videos and was kind of confused, but I now understand the process completely. 💡!😉 and I assure you dear Denzel I’ll be putting my numbers together this next days (debt/inc/exp. Etc.) be contacting you with much hope for my way to success and financial freedom. 🙌🏻Amén.

Thank you for explaining so calmly and straight to the point. 👏🏻👏🏻👏🏻

I was able to… “absorb it” 😬

God bless you. ✨

thanks ,first time

This was the video that got my interest started. I learned so much. Thank you 🎉

So the best case scenario would be if you just set up all your bill paying, groceries ect either the day before or the day after you make all these payments and transfers? I live far from town so I usually only run errands 1-2 days per month anyway. Then I wouldn't end up paying more than 1 days worth of interest correct?

Very helpful! Well explained

Borrowing money at 13% to pay toward debt that’s at 5%…..is GODDAM NUTS!!!!

You are amazing!

You're so good at explaining thing, fire video

the problem with my line of credit,it takes too long for the money to be available,and to go in,between the payment time and the time it takes to be available again takes days ,sometimes i week or more ,so it makes it very hard to take money in and out fast enough

Enligthening in managing debts translating it to some investment.

Like you know you're just a kid, and your not black.

Great stuff Denzel!

Respect ! That’s all they can say with a big thank you. Stay blessed

After 7 months, the difference in the principal between applying $1,000 a month or a one time payment of $7,000, is $88.72. Then there is the interest for 6 months on the LOC while it is being paid off with the $1,000 Cashflow.

Now do one where you get paid weekly but your mortgage pmt is bi-weekly. Can you do your whiteboard drawing to show?

This is awesome 😎

Can't loose your income

Hi Denzel! Little by little I'm getting the concept I am however a little confused when it comes to cash flow, am I paying interest on the cash flow whenever I need it?

Thank you so much.

Tell me about it. 1200 dlls child support for 25 years and counting. Keep your chin up🙏🏽

Thank you so much!!! It was so informative and helpful 😊 👍👍👍

This young man is saving my life I’m so embarrassed not understanding that having him explain helps me save face 😅

My man, you explained this method so simple. The best video about this system I have seen. Appreciate you.

I'm 64 years old. Is whole life policy gonna work for me.

🔥🔥🔥🔥🔥🔥🔥

Hey Denzel, I Messed up and maxed out my 20,000 line of credit with a 11% interest. Can you help me please🙏🏽

The more i watch your videos the more i keep learning. Thank you!

Hi Denzel, really like your videos! You always start with the 4 numbers, how about Savings?? How does the picture change if this person has a lot of cash in hand? Should Savings play a role in this or Savings should go to the IBC policy? Thanks!

Commenting for the algorithm

Hi, Thank you for all the videos!!!So the money has to come out of the LOC to the checking account?> I thought I could switch the account information on my debt so that it was automatically taken out of the LOC. Am I wrong? I have to go back and change those accounts then. I am just starting so nothing has pulled

Comparing a 1 month $1000 payment to $7000 chunk is misleading! 7 months of $1000 principle only payments equal a $7000 chunk! I amortized 20 yrs with your numbers. After 7 months less than $100 difference in favor of chunking but negated by $2.49 a day or $522 in interest over 7 months for a chunk!

This is my new favorite channel!!
We are building Kingdoms!!! Thy will be done, on earth. As it is in Heaven!! Let’s go Denzel!

You are funny dude, you are comparing to the complete different things. 1st method 5K THEN you increased it to 7K. HHHHHH funny

Thank you

Somebody recommended me watch your videos. I’m in desperate need of help. I'm not familiar with LOC. I have a debt of 17k. I want to pay for it using wise methods that I don't have to pay so much interest in.

Thank you Denzel for this video!! It's really well explained! Thank you

super exciting !!!!!

Man you are a really great teacher. This expample made me comfortable to get started with a line of credit to be debt free ! God Bless You :)

Thank you so much for this video. I do have a question… In the beginning when you’re talking about making the extra payment you mean paying the extra payment towards the principal, correct?

I love everything about this video: your voice modulation, the strategies of using the LOC, the illustration and figures in the white board., very well explained! Excellent.

Great work, I'm on that path now.

Another great video Denzel, question do you recommend paying off, car, student loan or mortgage first?

I’ve got a loc and cc with my bank, who get my total income first?

If I only have a LOC for $2000. Can I dump my paycheck In it?

Genius Responsible Intelligence

"Do you know how unAmerican that is?!?!" 😂😂😂😂

Lol, not all lines of credit are the same. Interest rates can be calculated differently.