The Murphy On Money Podcast

Below you’ll find a summary of each episode of Murphy On Money and you can listen right here with the embedded player!  Each episode dives into an interesting topic on money.  Money is important. We use it every day. Learn more about here!

” Money for the average Joe, and those of us that want to have some mo’ ” – Murphy On Money

Listen to “Ep12 – Saving For Retirement Just Got Easier” on Spreaker.
In this Episode of Murphy on Money Murphy discusses what he has been working on for the past few months. He discusses saving for retirement and that if you feel behind you’re not alone. The good news is setting up your 401K or 403B just got easier! Murphy just launched the Retirement Setup Guide which gives 5 simple steps with videos, tutorials, examples, and other tools to show you how you can take action and increase your confidence with saving and investing into your retirement program. 

No matter how young or old or how much you’ve saved for retirement so far, if you are one of the 95 million Americans with access to a 401K or 403B you won’t want to miss this episode.

Get the Retirement Setup Guide at:
https://RetirementSetupGuide.com

Thanks for listening!


Listen to “Ep11 – Marshmallows and Self-control” on Spreaker.
In this Episode of Murphy on Money Murphy discusses the Standford University Marshmallow Experiment on self-control and delayed gratification. He explains how his dad may have unwittingly performed a type of Marshmallow Experiment on him when his dad gave him a money challenge over a summer and fall.
You don’t want to miss this one, especially if you have kids. This little money challenge just may change their whole experience with money, saving, investing, self-control and delayed gratification.

Read more at https://www.murphyonmoney.com/marshmallows-and-self-control/

In this Episode, Muphy cites:
Stanford Marshmallow Experiment
https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment

Thanks for listening!


Listen to “Ep10 – Paying Interest Is A Savings Killer” on Spreaker.
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!


 

Listen to “Ep9 – College Must Have a Return on Investment” on Spreaker.
In this episode, Murphy dives into college and the simple idea that investing in a college education must yield a return on that investment. in business, projects are always weighed against other possible projects based on their calculated rate of return or Return on investment (ROI).  If you consider college “Project YOU”, you’ll want to be sure that the project has a positive rate of return and a considerable ROI! If not, the money will have been wasted and paying off student loans will be difficult! Unfortunately, this is a situation many college grads find themselves in today.

Also, Murphy asks, should we all be paying for our children’s college?  His thought may be surprising but to some but a relief to other. Listen to find out more…

Also, visit MurphyOnMoney.com to comment on posts or contact Murphy.

Thanks for listening!


Listen to “Ep8 – 3 Things We Should All Know About Mortgages” on Spreaker.
In this episode, of Murphy On Money Michael discusses 3 points on mortgages which are not well understood.

  1. How interest is calculated.
  2. Term and the effect on interest paid.
  3. The mortgage interest tax deduction. 

If you are a homeowner or plan to be someday understanding these 3 things could save you thousands!   I hope you’ll enjoy.

Read the post at: https://www.murphyonmoney.com/things-we-should-all-know-about-mortgages/

Thanks for listening!


Listen to “Ep7 – 2 Effortless Ways to Save $300 a Month” on Spreaker.
In this episode of Murphy On Money Michael discusses two effortless ways to save at least $300 a month. Why is $300 the target?  Michael explained in an earlier episode that if you want to have $1 million in your retirement account, one way to get there is by saving just $10 a day into your 401K. Which is about $300 a month. Simply put, using these tips could make you a millionaire!

Read the post at: https://www.murphyonmoney.com/2-ways-to-save-effortlessly/

Do you have access to a 401K or 403B and want to get started saving and investing?  Learn how to setup your account by getting the Retirement Setup Guide.  Find out more here: https://www.retirementsetupguide.com

If you like this podcast please subscribe and leave a review. It would be much appreciated!

Thanks for listening!


Listen to “Ep6 – Retirement, $1 Million by 54 on $10 a Day!” on Spreaker.
In this episode of Murphy on Money Michael discussed some articles he read about retirement savings.  A couple facts Michael read were that only 1/3rd of Americans are saving for retirement and only 44% of workers with access to a 401(K) are actually making contributions.  Michael dives into saving for retirement and why it’s so important. Lastly, he tells a story about someone that puts money into their retirement account regularly and why shows how saving into a 401(K) and sacrificing just $10 dollars can result in $1Million in just 34 years!

Read the post at: https://www.murphyonmoney.com/retirement-savings-1000000-on-10-a-day/

Let’s take action and start stashing away that $10 a day!!!!

Do you have access to a 401K or 403B and want to get started saving and investing?  Learn how to setup your account by getting the Retirement Setup Guide.  Find out more here: https://www.retirementsetupguide.com

I hope you enjoy this one! Thanks for listening!


Listen to “Ep5 – Purchasing A Car” on Spreaker.
In this episode of Murphy On Money, Murphy dives into something most of us will do in our lifetime, buying a car.  Murphy discusses his own thought process as he considered upgrading his car to a newer model.  He talks about throwing $100 dollar bills about of the window… I know, crazy right?  Murphy mentions that some of us may be doing that unintentionally with our car purchase.

Will Murphy buy new? Used? Lease? Or will Michael buy a newer car at all?   Listen to find out more.

Read the post at: https://www.murphyonmoney.com/buying-a-new-car/

Thanks for listening!


Listen to “Ep4 -Why the “I can make more money in the market” argument is bogus!” on Spreaker.
In this episode of Murphy On Money, Murphy discussed an argument commonly used when talking to people about paying down debt.   By the title, it’s clear what Murphy’s position is when it comes to paying down debt versus investing money.   You may have heard the comment “Why would I pay off my debt when I can earn more money on my investments?”.  Murphy discusses why that argument is totally bogus and why it’s worthwhile to focus on debt elimination.

If you have heard that argument before or believe it for yourself give this episode a listen you will find it interesting.

Read the post, comment, and contact Murphy here: https://www.murphyonmoney.com/pay-down-debt-or-invest/

Thanks for listening!


Listen to “Ep3 – Is there such a thing as good debt?” on Spreaker.
In this episode of Murphy On Money, Murphy dives into a MurphyOnMoney.com post that discusses the question, is there such a thing as good debt?

Maybe there are two kinds of debt,

  1. Consumer debt (like credit cards) and
  2. Debt used to create income (like a mortgage on a rental property)

Considering the average household in the U.S. has $16,748 in credit card debt, Murphy thinks we can agree that most debt is bad for our financial wellbeing, Murphy poses the question… Should we be using debt at all?

Read the post, comment, and contact Murphy here: https://www.murphyonmoney.com/is-there-such-a-thing-as-good-debt/

Thanks for listening!


Listen to “Ep2 – 6 Great Ways to Spend Your Tax Refund” on Spreaker.
In this episode of Murphy On Money, Murphy takes a look at tax refunds.

Getting money back could be a good thing but it also means that we paid too much in.. We could have had that money in our paycheck every month. Murphy discusses the pros and cons of getting a refund and 6 Great Ways to Spend Your Tax Refund if you get one!

If you plan to get a tax refund this year you will want to listen to this episode!  It could set the tone for your financial success in the coming year!

Read the post, comment, and contact Murphy here: https://www.murphyonmoney.com/6-great-ways-spend-tax-refund/

Thanks for listening!


Listen to “Ep1 – Investing… get some pie” on Spreaker.
In this episode of Murphy On Money, Murphy dives into a MurphyOnMoney.com post called “Investing… get some pie”.

This podcast discusses the principles of why investing is so important to building personal wealth. It also talks about HOW you can do it too!

If you are inspired to start saving and investing and you have access to a 401K or 403B you can start saving quickly with the Retirement Setup Guide. Learn how, setup your account, and start saving today! Find out more here: https://www.retirementsetupguide.com

Read the post, comment, and contact Murphy here: https://www.murphyonmoney.com/investing-get-some-pie/

Thanks for listening!