[–] 4 points 6 days ago (2 children)

The short version is that debt isn’t always bad.

A lot of things make money into more money, whether it’s a market investment, a business, or even a lucky gamble. They can fluctuate, but the ones that stick around typically return a reliable percentage.

A debt is generally money that you get to have and use, but probably have to pay interest on.

If you have a reliable way to turn money into more money at a specific rate and that rate is higher than the interest rate on your debt, then that debt is a wise decision to take on.

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