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What I consider to be imprudent is not the use of debt itself, but the use of debt as a tool for living beyond one's means.
by omginternets 4y ago
What I consider to be imprudent is not the use of debt itself, but the use of debt as a tool for living beyond one's means.
- ryathal 4y agoThe problem is generally those that believe debt is an investment. It's like believing professional gambler is a long term profession. People don't get rich taking out debt, banks do. You can beat the house once in a while, but you aren't winning over a lifetime of buying things with debt. 2-3 targeted purchases, you can win, a lifetime of car payments and you lost a ton.