Jakarta, CNBC Indonesia – After being widely discussed because he reportedly sold his house, comedian Bedu also spoke openly about his family’s financial condition, which turned out to be in trouble. As reported by detik, Bedu reportedly has debt installments of IDR 40 million a month.
When met at the Trans TV Building, Bedu said: second that job offers have started to decrease recently. He also had difficulty meeting his daily needs. It is said that Bedu was also sad because he was unable to fulfill his child’s wishes.
“For example, dad wants to buy a slide, I say okay, son. “My first child was diligent in asking for things, now he never asks,” he explained while holding back tears, as quoted by detik.com.
Previously, Bedu denied reports regarding his decision to owe money to an online loan platform. Bedu reiterated that the debt taken was aimed at meeting daily needs.
“If the income is not enough, the deficits continue, I have already done this by selling two cars, the value is quite fantastic but it is still not enough. Finally we decide that it is okay to sell the house which is worth quite a lot, then we will buy a smaller one, the rest is for savings and investment so that the deficit doesn’t continue,” he continued.
Regardless of how much debt Bedu pays, let’s identify the reasonable limits of debt that an individual can have.
Maximum debt installments
You may often hear financial advice that says that the maximum safe installment is 30% of your income.
When you have installments that exceed 30% of your income, you will likely have difficulty meeting your daily needs, saving and investing.
It is worth noting that the 30% value itself is the value of the “entire debt bill.”
Let’s say, you have a mortgage installment that is equivalent to 20% of your income. So if you intend to take out a car loan, your new car installments cannot exceed 10% of your income.
Reasonable debt amount
Even though your debt installments are still within reasonable limits, the total value of your debt does not necessarily mean the same. It could be that you have gone too far in terms of debt.
To find out whether our debt is too large or vice versa, you can use the debt to assets ratio. This ratio value will measure the amount of unpaid debt, compared to the total assets we own.
The formula to find the value of this ratio is:
Total Debt x 100%
Total Assets
The maximum value of this ratio is 50%.
If your ratio value is above 50%, then you should be alert because the total value of your debt is more than half of your total assets.
Just imagine what would happen if you lost your income and you still had to pay off those debts? Your total assets will decrease drastically because you have to sell them to pay off these debts.
And if most of your debt is consumer debt, then this is also quite dangerous because consumer debt will only erode your wealth.
[Gambas:Video CNBC]
Next Article
In debt to marry off his child, man in Kediri commits suicide
(aak/aak)