3176: Signs You Have Too Much Debt by James Lambridis of Debt MD on Financial Health

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 13 June 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3176: James Lambridis breaks down the warning signs that debt may be sabotaging your financial well-being, and why understanding your Debt-to-Income ratio is key to regaining control. He outlines clear strategies to reduce bad debt, differentiate it from good debt, and improve your overall money management for lasting financial health. Read along with the original article(s) here: https://debtmd.com/blog/signs-you-have-too-much-debt Quotes to ponder: "You know your finances better than anyone, but when figuring out whether you need to lower your overall debt balances, it starts with calculating your Debt to Income Ratio (DTI)." "Making minimum payments is the equivalent of a hamster spinning on the wheel, you will never get anywhere." "The key to achieving your financial goals is being able to distinguish the difference between the two and having the right allocation of good debt and bad debt on your books." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:09.7	Signs You Have Too Much Debt by James Lambritus of DebtMD.com.
1:12.9	Everyone has bills to pay.
1:14.3	This is a fact of life.
1:20.8	Mortgage, auto loan, car insurance, utilities, credit cards, medical bills, student loans,
1:22.8	the list can go on forever.
1:28.3	It's when we let our bills affect our quality of life that it becomes a serious problem.
	...

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