that's not right. real wealth is having a low cost of capital. the wealthy tend to carry debt because it's plentiful and cheap for them. access to cheap money

that's not right. real wealth is having a low cost of capital. the wealthy tend to carry debt because it's plentiful and cheap for them. access to cheap money gives them access to better returns than the average bear. if you are not wealthy, debt is expensive and not nearly as rewarding. but having debt, of course, doesn't imply you are wealthy.