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?
A)14
B)18
C)33
D)50

Question

Quizplus · Accepted Answer

It is recommended that your total liabilities, excluding mortgage debt, should not exceed 33% of your net worth, excluding the value of your home, to have a manageable level of debt. This means that you have enough assets to cover your debts and still have a decent amount of savings. Choosing options A and B would be too conservative, while option D would mean having a high level of debt, which may pose financial risks.

Your Total Liabilities Excluding Mortgage Debt Should Not Exceed What