Fast and Finance
Welcome to Fast and Finance! This podcast is designed for everyday, normal people just looking to improve their personal wealth management and expand their knowledge on the markets. We'll cover all the basic concepts so you have a strong base knowledge before we dive into anything more specific. Wealth management is a concept that is overlooked in many school systems, and we're here to change that! Please send us your questions to: patrick.mccrindle@lpl.com - Securities offered through LPL Financial, a member FINRA/SIPC. https://www.finra.org/ - https://www.sipc.org/ Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and SGI Wealth Management are separate entities from LPL Financial. https://www.sgiwealth.com/
Fast and Finance
Debt To Income Ratio
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Patrick McCrindle
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Season 2
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Episode 39
The reason I wanted to dedicate an episode to debt-to-income, is because I’m personally around the age where a lot of my peers, including myself, are starting to make larger purchases, aka LOANS – And I’m mainly referring to buying your first home, but even purchasing a new car these days, DTI matters. To put it simply, debt to income is all your monthly debt payments divided by your gross monthly income.