How Does Debt To Income Ratio Work [What You Don’t know Costs You!] // The debt to income ratio is unfortunately a fairly misunderstood concept. Too many people focus on what is a good debt to income ratio rather than how to calculate debt to income ratio.
To calculate debt to income ratio, which is explained in this video, is simple. You divide all your debt payments by your gross income. “They” (whoever they are) say a good debt to income ratio is 35% or less. If you’re wondering how to reduce debt to income ratio, the simple answer is to pay off your debt or make more money.
But reducing debt to income ratio is a bit more involved than that. When you learn how to calculate your debt to income ratio, and begin to understand what is dti, you slowly realize that your debt to income can create a rather difficult personal finance situation.
This video will give you the most effective answer to the “what is debt to income ratio” question and provide you with a perspective you’ve never seen before about the debt to income ratio formula.
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