In this Episode of Murphy on Money Murphy discusses paying interest on debts and breaks down just how much it could be costing us. He gives two examples; one of a $25,000 loan for a car, and the second of a $200,000 mortgage. The interested paid may surprise you...

In this Episode, Muphy cites a few statistics from a book by Tony Robbins called "MONEY Master the Game: 7 Simple Steps to Financial Freedom". Murphy highly recommends this book to anyone that is really interested in learning about money and how to invest.

Read the post at: https://www.murphyonmoney.com/paying-interest-keeps-you-from-fi/ 

Thanks for listening!