Agree to disagree. There is good debt and bad debt, depending on what you do with it.
I can speak for myself that I have had both of them. Now I have only good debt, where I took a loan to buy an asset, that provides me enough cashflow every month to cover the loan expenses, asset maintenance cost and still some cash left over. This is a no brainer that this is good debt. The thing is to find the right asset class and there the specifics to get into debt with.
I would sleep better with 10 million USD in debt, that pays itself and myself every month, than being ass-poor.
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