Yikes - How much we spend servicing debt:

posted by Brian Mudd - 

Yikes - How much we spend servicing debt:

Bottom Line: Of every dollar in take home pay, how much do you think goes right back out the door in the form of interest? It's 40 cents...Yes, an alarming 40% of all net income is being paid out for interest according to the most recent research from Northwestern Mutual. 

There are two ways to have more money. Earn more, which is what most people attempt to do when they're have a hard time making ends meet; or you can do better with the money you already earn. If you have an intentional plan to pay down debt, think about the possibilities of eventually having 40% more income without making a dollar more. 

Brian Mudd

Brian Mudd

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