21 Basic Personal Finance Tips You Need To Know Before You Do Velocity Banking

This post covers 21 Basic Personal Finance Tips You Need to Know Before Starting Velocity Banking. Before diving into velocity banking, it’s crucial to position yourself for success. These 21 tips will help you:

✅ Implement velocity banking effectively
✅ Gain a deeper understanding of your personal finances
✅ Recognize the value of your credit score and credit report
✅ Build consistency in financial habits
✅ Minimize mistakes and set the foundation for wealth-building

Master these essentials first, and you’ll be on the right path to financial success!

For the past five (5) years, I have been studying, training, and implementing various strategies to improve my finances. Through these efforts, I have significantly reduced my personal debt.

Take a look at the images—mortgage statements from April 2020 and March 2025. Image 1 displays a traditional mortgage, while Image 2 showcases a non-traditional mortgage.

Velocity banking has been my key to becoming debt-free! This strategy transformed my 20-year, 1-month mortgage into a 7-year payoff plan. Now, I am on track to pay off my home years sooner, saving thousands in interest.

I highly recommend getting my digital book if you want to pay off your home years sooner and save thousands in interest. It will equip you with the knowledge to implement and use the strategy effectively.

REMEMBER THIS! Even if you never use the velocity banking strategy, this digital book can still transform your finances—if you follow the plan and take action.

Start reading and applying these tips today!

1. RENEW YOUR MINDSET ABOUT YOUR PERSONAL FINANCE BEFORE YOU PRACTICE VELOCITY BANKING

Before you jump in, let’s talk about the most important foundation—YOUR MINDSET. Renewing your mindset about money isn’t just about NUMBERS; it’s about aligning your financial habits with values that truly matter. In this digital book, you will explore five sacred principles that can transform your approach to personal finance and set you up for lasting success.

2. BEFORE YOU DO VELOCITY BANKING KNOW YOUR FOUR (4) NUMBERS

In order to do velocity banking and minimize your mistakes, it is critical that you know and understand your four major numbers. Do you know what your four (4) numbers are? Without knowing your numbers, it is challenging to do velocity and maintain a good personal budget. Purchase your digital book today to help you understand your numbers!

3. CREATE A BUDGET BEFORE YOU DO VELOCITY BANKING

It’s time to master your finances and set yourself up for velocity banking success. Before you dive into any financial strategy, there’s one essential step you cannot skip—creating a budget!

While there are many budgeting methods, such as Zero-Based, The Envelope System, and 80/20 Budget, I’ll show you how to use the 65/15/20 budget to build a solid financial foundation. With an income of $3,600, I’ll break down exactly how much to allocate to your NEEDS, WANTS, and SAVINGS while giving you practical examples to get started.

4. BEFORE TRY PRACTICE VELOCITY BANKING BUILD AN EMERGENCY FUND

Before you begin, there’s an important step that can make all the difference—building an emergency fund. It’s a simple safety net that ensures you’re prepared for the unexpected, helping you stay on track with your financial goals.

5. PAY DOWN DEBT BEFORE YOU APPLY VELOCITY BANKING STRATEGY

Do you ever feel like you’re stuck in a debt cycle that you just can’t seem to break? Maybe you’ve heard of Velocity Banking and wonder if it’s your way out? Well, before you dive into Velocity Banking, there’s something you need to know. Applying this strategy too early could be a BIG mistake!

In this digital book, I’ll show you why paying down your debts first—using the Debt Snowball or Debt Avalanche strategy—will set you up for success. Stick with me because this could save you thousands in interest!

6. REDUCE UNNECESSARY SPENDING BEFORE YOU DO VELOCITY BANKING

Have you heard about Velocity Banking and thought, ‘This could be my ticket out of debt!’? You might be right, but there’s a crucial step to take before diving in: cutting out unnecessary spending. If you don’t tackle this first, Velocity Banking could actually add more stress to your finances instead of saving you money.

7. INCREASE YOUR INCOME BEFORE YOU TRY VELOCITY BANKING

Have you ever thought, ‘If I just had a little more income, my debt would be gone in no time’? You’re not alone! But when it comes to Velocity Banking, increasing your income could actually make the difference between stress and success. I’ll show you why boosting your income before jumping into Velocity Banking is so powerful, and I’ll share some straightforward ways to start increasing your income today.

8. IMPROVE YOUR CREDIT SCORE BEFORE YOU APPLY VELOCITY BANKING

Velocity Banking is a powerful strategy, but it usually involves using a line of credit, like a home equity line of credit (HELOC) or personal line of credit, to pay down debt faster. Here’s the thing: a better credit score gives you access to lower interest rates, higher credit limits, and more options, all of which are crucial for making Velocity Banking work in your favor. If your score isn’t strong, you might be stuck with higher rates or even denied the line of credit you need.

9. BUILD LONG-TERM FINANCIAL HABITS BEFORE YOU TRY VELOCITY BANKING

Velocity Banking is an amazing strategy for managing debt and potentially building wealth, but there’s a crucial first step that many people miss—building strong, long-term financial habits! Without these habits in place, you risk creating more stress and debt instead of achieving financial freedom. In this digital book, I’m going to walk you through four (4) key financial habits you should build before trying Velocity Banking. Trust me, taking these steps will set you up for real success!

10. REVIEW AND ADJUST BEFORE YOU USE VELOCITY BANKING

Are you thinking about starting Velocity Banking but feeling unsure about where to begin? Let’s face it—Velocity Banking is a powerful strategy, but to make it truly work, many people skip one crucial step: taking time to review and adjust before you start! In this digital book, I’ll walk you through why reviewing your finances and adjusting as needed is essential for success, plus what results you should expect within the first year.

11. 5 SACRED PRINCIPLES TO RENEW YOUR MINDSET ABOUT YOUR CREDIT SCORE AND CREDIT REPORT BEFORE STARTING VELOCITY BANKING

Are you ready to renew your mindset about credit and build a financial foundation rooted in wisdom? Before diving into Velocity Banking, it’s essential to understand how aligning our financial goals with spiritual principles can bring peace, purpose, and clarity. I’ll share five sacred principles that can transform how you view your credit score and credit report, setting you up for long-term financial success and freedom.

12. UNDERSTAND YOUR CREDIT SCORE BEFORE YOU DO VELOCITY BANKING

Thinking about using Velocity Banking to pay off debt and build wealth? Before you dive in, it’s crucial to understand your credit score! Your credit score isn’t just a number—it’s a roadmap to your financial health, and it impacts everything from loan approvals to interest rates. In the digital book, I’ll walk you through some key terms that will help you understand your credit score and set yourself up for success.

13. BEFORE YOU DO VELOCITY BANKING REVIEW YOUR CREDIT REPORTS

Excited to get started with Velocity Banking? Before you jump in, there’s one essential step to take: reviewing your credit reports. Your credit report is like a window into your financial health, and it can either speed up your path to financial freedom or hold you back with costly errors. I’ll walk you through three simple steps to review your credit report effectively. This process can save you money, improve your credit score, and give you the solid foundation you need for Velocity Banking success.

You’re entitled to a free copy every 12 months from each of the three major credit bureaus—Experian, Equifax, and TransUnion. Head over to AnnualCreditReport.com to get yours. Reviewing all three is important because not all creditors report to every bureau, so each report might have slightly different information. Knowing what’s on each report gives you the complete picture of your credit profile.

14. PAY BILLS ON TIME BEFORE YOU APPLY VELOCITY BANKING

Have you ever missed a bill payment and felt the weight of late fees or a credit score drop? Before jumping into Velocity Banking, there’s a crucial step to master—paying your bills on time. This simple habit can set you up for success by improving your credit score, reducing stress, and making your financial strategies way more effective.

15. BEFORE YOU PRACTICE VELOCITY BANKING, REDUCE CREDIT CARD BALANCES (CREDIT UTILIZATION)

Did you know that the amount you owe on your credit cards can make or break your financial strategy? High credit card balances don’t just hurt your credit score—they can also limit the effectiveness of Velocity Banking. We’re diving into why reducing your credit card balances is a must before you start Velocity Banking and how to do it step by step.

16. BEFORE YOU TRY VELOCITY BANKING, DON’T OPEN NEW ACCOUNTS UNNECESSARILY

Have you ever been tempted by those ‘limited-time’ credit card offers? They might seem like a good deal, but opening new accounts unnecessarily could hurt your financial progress—especially if you’re gearing up for Velocity Banking. This book will explain why avoiding new credit applications and keeping your existing accounts open is key to setting yourself up for success.

17. USE SECURED CREDIT CARDS (IF NEEDED) BEFORE YOU PRACTICE VELOCITY BANKING

Struggling to build or rebuild your credit? Before you dive into Velocity Banking, there’s a powerful tool that can help you strengthen your credit profile—a secured credit card. This little card could be the key to unlocking your financial strategy. I’ll show you how to get one, use it responsibly, and set yourself up for success.

18. BEFORE YOU USE VELOCITY BANKING DIVERSIFY YOUR CREDIT MIX

Did you know that your credit score is like a puzzle, and your credit mix is one of the most important pieces? Before diving into Velocity Banking, let’s talk about why diversifying your credit mix is key to financial success. From credit-builder loans to installment payments, we’re breaking it all down.

19. MONITOR YOUR CREDIT PROGRESS BEFORE, DURING, AFTER – YOU DO VELOCITY BANKING

Think you’re ready to tackle Velocity Banking? Here’s the thing—if you’re not monitoring your credit progress, you could be flying blind! Let’s dive into why tracking your credit before, during, and after Velocity Banking is a must for long-term success.

20. BEFORE YOU PRACTICE VELOCITY BANKING, BE PATIENT AND CONSISTENT

Do you ever feel like you’re doing everything right financially but still not seeing the results you hoped for? Let me tell you a secret: the key to lasting success isn’t speed—it’s patience and consistency. Before diving into Velocity Banking, let’s discuss how these qualities can transform your financial journey.

21. BEFORE YOU APPLY VELOCITY BANKING, PLAN FOR LONG-TERM SUCCESS

Are you ready to transform your finances but don’t know where to start? Let me ask you this: What’s your game plan for the next 6 months? What about the next year? Before diving into Velocity Banking, let’s talk about why setting financial goals and reevaluating your progress is essential for long-term success.

This post is all about 21 Basic Personal Finance Tips You Need to Know Before Starting Velocity Banking—essential insights to help you implement the strategy with confidence.

Even if you never use velocity banking, these 21 tips will significantly enhance your financial well-being.

Get your copy of the digital book today! Inside, you’ll find a breakdown of these tips with clear, actionable steps, simple calls to action (CTAs), and downloadable resources designed to inspire and guide you toward financial success. Plus, these insights will set you up to apply velocity banking effectively when you’re ready!