What is Debt Rate? Debt Rate is a key indicator of your financial health. It’s the percentage of your annual gross income that goes to debt payments. Total Annual Debt Payments / Total Personal Income = Debt Rate Example:...
Read MoreWhat is Business Term? Business Term indicates the number of years you could live on your current business equity. Business equity includes business assets minus related debts. Business Equity / Annual Living Expenses = Business...
Read MoreWhat is Qualified Term? Qualified Term indicates the number of years you could live on your current qualified assets. “Qualified assets” refers to money in retirement accounts. This includes pre-tax accounts like...
Read MoreWhat is Savings Rate? Savings Rate is a key indicator of your financial health. It’s the percentage of your annual gross income you’re saving. Total Annual Savings / Total Personal Income = Savings Rate Example:...
Read MoreWhat is Burn Rate? Burn Rate is a key indicator of your financial health. It’s the percentage of your annual gross income that goes to living expenses. Annual Living Expenses / Total Personal Income = Burn Rate Example: If...
Read More
You’ll also get new articles sent directly to your inbox.
