BYOB Book Review Part 4 | The Problem in Becoming Your Own Banker by Nelson Nash
The Wealth Without Wall Street Podcast
The Importance of Volume in Finance Charges
The first five years is when people start to move it or reef it into it. It's always the volume of that. But also the same thing with cars, credit cards, everything else. So what he's isolating is the volume of every payment. What percentage of that total payment is actually interest? And he says, it's about 34 and a half cents of every dollar.
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