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It’s kind of like the person who buys a house. Buying it with no debt is not a bad way to stay pretty financially secure. Buying it with debt can be terrible if
by mostertoaster 5y ago
It’s kind of like the person who buys a house. Buying it with no debt is not a bad way to stay pretty financially secure. Buying it with debt can be terrible if you’re piling on other debt.
But once you have a really good amount of capital, debt can become a very powerful tool to become very wealthy.
I think the analogy can work in software development.
- mostertoaster 5y agoThough if were honest for every savvy investor using debt wisely, there is the one blowing his paycheck up his nose, while driving a fancy car that will be repossessed tomorrow from his house that is way bigger than he needs. Probably works for software development too.