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  1. #1
    I don't know barbaro's Avatar
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    What is Your D-to-I Ratio?

    I don't want to put you to sleep, by this 'financial' thread, but I'm just curious. What is your ratio?

    What is the debt for, if you have any?

    My current debt-to-ratio is 0.

    This won't last forever, though.

    How about you?


    To calculate your total debt-to-income ratio, add up your total monthly debt expenses. This includes payments for credit cards, student loans, mortgage or rent, child support or alimony, and other loans or credit cards.
    Next total your monthly income, including take-home pay, alimony or child support, bonuses, or dividends.


    Divide your total debt payments by your total income (don’t forget to multiply by 100) for your debt-to-income ratio.


    Your total debt-to-income ratio, considering both good and bad debt, is best at 36% or lower. A ratio lower than 30% is excellent, while a ratio over 40% is a red flag for a potential financial disaster.

  2. #2
    Thailand Expat
    Marmite the Dog's Avatar
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    I don't have any debt. That's good then, yes?

  3. #3
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by Milkman
    while a ratio over 40% is a red flag for a potential financial disaster.
    Well then rather worryingly I've come in at 41%. However the key there is "potential". Most my debt is being paid-down on assests so, in the long term, I'm better off for it.

  4. #4
    Rhubarb, rhubarb, rhubarb
    Sir Burr's Avatar
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    0%.
    I believe if I don't have the cash, I can't afford it.

  5. #5
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    0 debt!

    Nice....

  6. #6
    punk douche bag
    ChiangMai noon's Avatar
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    Quote Originally Posted by Sir Burr
    0%.
    I believe if I don't have the cash, I can't afford it.
    likewise until recently.

    I need to borrow some money to build the house i want.

    not a great deal but some.

    I don't want to sell the house i'm already living in and SCB finally got back to me yesterday about the loan application we made months ago.

    we intended to use the land as collateral against a loan which would bring me to the point of being able to afford to do what i want to do.

    They want 4,800 baht for someone to do an estimate of the land value. Of course there is no guarantee of a loan after this estimate. Taking the piss i think.
    I told them to bugger off.

    Now I'm sort of stuck unless i sell my house.

    Do any of you rich people want to give me a loan?
    standard bank rates.

  7. #7
    Thailand Expat AntRobertson's Avatar
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    How can nayone have zero debt:

    To calculate your total debt-to-income ratio, add up your total monthly debt expenses. This includes payments for credit cards, student loans, mortgage or rent, child support or alimony, and other loans or credit cards.
    At a bare minimum you'd have to be paying rent or a mortgage surely?

  8. #8
    punk douche bag
    ChiangMai noon's Avatar
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    Quote Originally Posted by AntRobertson
    At a bare minimum you'd have to be paying rent or a mortgage surely?
    nope.

    I had a 30 baht electricity bill at my new place this month.

    granted i only stay there 3 days a week but that's a bit of alright isn't it.

    can you lend me some money Ant?

    I heard you do that sometimes.

  9. #9
    Rhubarb, rhubarb, rhubarb
    Sir Burr's Avatar
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    Quote Originally Posted by AntRobertson View Post
    How can nayone have zero debt:

    To calculate your total debt-to-income ratio, add up your total monthly debt expenses. This includes payments for credit cards, student loans, mortgage or rent, child support or alimony, and other loans or credit cards.
    At a bare minimum you'd have to be paying rent or a mortgage surely?
    Paid cash for land and house.

  10. #10
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by ChiangMai noon
    They want 4,800 baht for someone to do an estimate of the land value. Of course there is no guarantee of a loan after this estimate. Taking the piss i think. I told them to bugger off.
    Pretty much par for the course actually. All banks seem to use an outside contractor to do the estimations so you'll be paying more or less the same anywhere.

  11. #11
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by ChiangMai noon View Post
    can you lend me some money Ant?

    I heard you do that sometimes.
    Did you hear that from the last two people that I lent money that have yet to pay me back?

  12. #12
    punk douche bag
    ChiangMai noon's Avatar
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    Quote Originally Posted by AntRobertson
    Pretty much par for the course actually.
    I suspect it is, but if I am not used to paying western rates for services here.
    my lawyer only charges 800 baht an hour for consultation and plumbers cost like 50 baht.
    Besides, i want a PS3.

  13. #13
    punk douche bag
    ChiangMai noon's Avatar
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    Quote Originally Posted by AntRobertson
    Did you hear that from the last two people that I lent money that have yet to pay me back?
    last heard of crossing the Malaysian border.

  14. #14
    Thailand Expat
    Marmite the Dog's Avatar
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    Quote Originally Posted by ChiangMai noon
    They want 4,800 baht for someone to do an estimate of the land value. Of course there is no guarantee of a loan after this estimate. Taking the piss i think. I told them to bugger off.
    I must assume that you've never had a mortgage before.

  15. #15
    Rhubarb, rhubarb, rhubarb
    Sir Burr's Avatar
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    Let me get this straight.
    You have to sell your house instead of getting a bank loan because you object to paying 4,800 Bt???

    Have I got that right?

  16. #16
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by ChiangMai noon View Post
    Quote Originally Posted by AntRobertson
    Did you hear that from the last two people that I lent money that have yet to pay me back?
    Quote Originally Posted by ChiangMai noon View Post

    last heard of crossing the Malaysian border.


    If I ever get me hands on that focker I'll be seriously tempted to review my policy of pacifism. Another guy I lent money too now resides somewhere in Japan

  17. #17
    punk douche bag
    ChiangMai noon's Avatar
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    ^
    not to have a dig at your judgement of character and all, but he was a mighty objectionable first class bull shitter.
    When I first met him, it was because Sandy set me up.

    walked into the pub and a very bored Sandy introduced us then ran away.

  18. #18
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by ChiangMai noon
    not to have a dig at your judgement of character and all, but he was a mighty objectionable first class bull shitter.
    Aye, that he was. I often find myself ruing trying to find the good in people.

    And to be fair I didn't actually lend him any money per se, he simply took it.

  19. #19
    punk douche bag
    ChiangMai noon's Avatar
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    ^
    having heard this story of folly, I was inclined to think you a soft touch, squishy even.

    yet you wouldn't bend in bike negotiations.
    wouldn't bend at all.

  20. #20
    I don't know barbaro's Avatar
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    Quote Originally Posted by AntRobertson View Post
    How can nayone have zero debt:

    To calculate your total debt-to-income ratio, add up your total monthly debt expenses. This includes payments for credit cards, student loans, mortgage or rent, child support or alimony, and other loans or credit cards.
    At a bare minimum you'd have to be paying rent or a mortgage surely?
    Rent is making a cash payment for a service you're using - a place to live.

    There's no interest. I pay 1 month ahead.

    I have 0 debt at the moment.

  21. #21
    punk douche bag
    ChiangMai noon's Avatar
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    Quote Originally Posted by Sir Burr
    You have to sell your house instead of getting a bank loan because you object to paying 4,800 Bt???
    it's a matter of principle.

  22. #22
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by ChiangMai noon
    yet you wouldn't bend in bike negotiations. wouldn't bend at all.
    Like a focking reed in a storm I did! I was determined to stick to a price because:

    a) I was already losing so much cash compared to what I'd spent on it and;
    b) I was peeved that MrsR had talked me into selling it.

    But then I saw those imploring puppy-dog eyes and it was all over. Besides which, I wrote it off as a charitable donation.

  23. #23
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by Milkman
    Rent is making a cash payment for a service you're using - a place to live. There's no interest. I pay 1 month ahead. I have 0 debt at the moment.
    All very well, but it's included as "debt" for the purposes of the calculation. It's an on-going expense whatever way you look at it (rent at least).

  24. #24
    Rhubarb, rhubarb, rhubarb
    Sir Burr's Avatar
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    Quote Originally Posted by ChiangMai noon View Post
    Quote Originally Posted by Sir Burr
    You have to sell your house instead of getting a bank loan because you object to paying 4,800 Bt???
    it's a matter of principle.
    A matter of cutting off your noise to spite your face.

  25. #25
    punk douche bag
    ChiangMai noon's Avatar
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    I want a job as a lawyer in thailand.
    seriously.

    they certainly don't do much work and that's being generous.

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