Vadim Verdyan | Source | Head of Advice at Albert

The most important step that people can take as we slowly get out of the pandemic is monitoring their spending and easing back into their pre-pandemic activities.

The automobile industry may possibly be the next housing crisis. During the housing crisis, you could get a NINJA loan, which stands for ‘no income, no job.

I always recommend people gauge DTI off of their net income. Think about it: You’re not going to be using a big portion of your paycheck since it’s going to taxes, social security, health insurance and so on. [Using gross income] doesn’t really give you a realistic picture of your actual budget.