Financial ratios aren’t something that people care about …. until they’re talking to a financial institution that chooses to rate them as a human being by those very ratios.
In this episode of BECAUSE MONEY, we talk about three of the most common ones: networth, the Total Debt Service Ratio, and your credit score.
We discuss what they cover, what they don’t, and whether they matter at all.
We also play a game of Dungeons and Ratios… which at first seemed like just be a silly bit of fun… but ended up being a really awesome look into what a mortgage broker and an ex banker learn from seeing your credit score and TDSR. I found it super interesting.
You can catch the whole episode below or see other episodes HERE.
Jackson talks about chickens (and the potential of a goat) 0:28
Do financial ratios actually matter? 4:54
We play a game of Dungeons and Ratios! 5:27
Sandi gives up and quits the game… 20:55
Networth. What is it good for? 22.53
Jackson rants about the Total Debt Service Ratio: 25:30
The best mortgage advice: 31:44
I do an artsy rant about community: 33:10
Want to start getting control of your money? How can I help?
Chris Enns
Financial Planner/Opera Singer
Money never came naturally to me. In fact… I was a bit of a disaster. I remember (very clearly) what it feels like to be ‘financially out of control’.
And honestly, I still get stressed about money… that doesn’t stop… the difference is that now I have the tools to deal with that stress.
And those tools are what’s made it possible for me to build a life full of the things I want: art, creativity, travel, family and more.
If you want to start getting control of your money I’d love to help. You can start with THIS QUIZ, visiting my GETTING STARTED PAGE or by checking out my SERVICES page.
