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Podcast: Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
Episode: Can You Truly Afford That House? 2 Ratios Every Physician Must Know
Description: Dr. Disha tackles a recurring question in physician finance groups: "Can I afford this house?" Using a case study of the Smith family, she walks through the key financial ratios—HR1 (housing costs) and HR2 (debt-to-income)—that determine whether a home purchase is financially sustainable. Despite a $300K annual income, the family's student loan and car payments push their debt-to-income ratio to 42%, beyond the recommended 36%. Dr. Spath advises waiting to buy, paying off existing debts, and boosting savings before stretching for a home that could lead to financial strain. —--- If you enjoyed the show, find an...