I prefer the terms, “productive debt” and “consumptive debt”. Productive debt allows you to produce more things. A business loan, for example. Or even a small l

I prefer the terms, “productive debt” and “consumptive debt”. Productive debt allows you to produce more things. A business loan, for example. Or even a small loan for an inexpensive car so you can go to work would also be productive debt. Consumptive debt is a large loan for a car that is way more than the minimum, or for most recreational spend.