What Should Your Debt Service Ratio Be? | DFI30 | Ep. 444. A debt service ratio basically the amount of your monthly income that’s used to service your monthly debt payments. But why does this ratio matter and what’s a good debt service ratio to have? On today’s podcast, Doug Hoyes and Ted Michalos break down how a debt service ratio is calculated, what it means for your financial health and practical advice for how to avoid a high ratio and debt problems. Tune in to this episode, which also serves as a great introduction to financial literacy.
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Links:
What’s the Wealth Effect (And Why It Matters To You): [ Ссылка ]
4 Personal Finance Ratios That Measure Debt Risk: [ Ссылка ]
#debt #debtserviceratio #debttoincomeratios #debttoincome #debtfree #debtfreein30 #DFI30 #debtfreejourney #personalfinance #personalfinancepodcast #podcast
What Should Your Debt Service Ratio Be? | DFI30
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