Podcast Details:
Podcast Title: Some Popular Questions and What They Mean
Podcast Series: Financial Literacy Boot Camp
Video and illustrations available on our YouTube channel here.
Powerpoint Slides
In episode 44, we discussed “Knowing Your Numbers” and this is a follow-up to that episode on some of the more popular questions I’ve come across.
Questions/Issues We’ll Address on this Episode:
Q) What is a good debt ratio and what is a bad debt ratio? (5:23)
A) Most experts would say for every dollar of income you should have no more than 36 cents of debt. This would be anything you have a payment on (house, car, etc.). As I explained in episode 44 about knowing your numbers, underwriters will use 43% t
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