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Episode 3176:
James Lambridis breaks down the warning signs that debt may be sabotaging your financial well-being, and why understanding your Debt-to-Income ratio is key to regaining control. He outlines clear strategies to reduce bad debt, differentiate it from good debt, and improve your overall money management for lasting financial health.
Read along with the original article(s) here: https://debtmd.com/blog/signs-you-have-too-much-debt
Quotes to ponder:
"You know your finances better than anyone, but when figuring out whether you need to lower your overall debt balances, it starts with calculating your Debt to Income Ratio (DTI)."
"Making minimum payments is the equivalent of a hamster spinning on the wheel, you will never get anywhere."
"The key to achieving your financial goals is being able to distinguish the difference between the two and having the right allocation of good debt and bad debt on your books."
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