20 - Debt to income: How to figure yours out and how much you should have

In this episode of "Peeling Back Money and Life," Casey and Mike dive into the crucial topic of debt-to-income ratio. They break down what it is, why it matters, and how to calculate it. Discover the ideal range for a healthy debt-to-income ratio and the consequences of having a high ratio. Learn practical strategies for improving your ratio. Plus, explore the mindset shift and environment changes that can help you on your journey to financial well-being. Don't miss this episode filled with valuable insights and tips to take control of your debt and boost your financial health! Tune in now! Resources The Total Money Makeover - This book by Dave Ramsey outlines his step-by-step plan for getting out of debt. Dave Ramsey is a well-known personal finance expert who provides advice on budgeting, debt elimination. Best to go somewhere else when it comes to investing. Pay Your Student Loans Fast - Val Breit. As a college student, Val accumulated thousands of dollars in loans before finding intense determination to get rid of her debt fast. As a public school counselor, Val proved you can get out of debt fast--even on a modest salary--if you create and stick to a plan Video - The High Price of Materialism and as the book by Tim Kasser. Tim Kasser offers a scientific explanation of how our contemporary culture of consumerism and materialism affects our everyday happiness and psychological health.