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Your Total Liabilities Excluding Mortgage Debt Should Not Exceed What

question 94

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Your total liabilities excluding mortgage debt should not exceed what percentage of your net worth excluding the value of your home if you are to have a manageable level of debt?


Definitions:

Psychiatrist

A medical doctor specialized in diagnosing, treating, and preventing mental, emotional, and behavioral disorders, often through medication.

Clinician

A health professional involved in the diagnosis, treatment, and care of patients.

Empiricism

A theory in philosophy that states knowledge comes only or primarily from sensory experience.

Speculation

The process of forming theories or conjectures without firm evidence, often in the context of financial investments.

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