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>Never go into debt. This is bad advice. Sure, don't go into debt that you can't properly service, but I've made some good money that started out as debt (larg
by sosborn 12y ago
>Never go into debt.
This is bad advice. Sure, don't go into debt that you can't properly service, but I've made some good money that started out as debt (large investments, etc).
- genwin 12y agoYou had luck on your side though. Not everyone does.
- sosborn 12y agoSure, there was some luck (there was also some educated guesses involved) but I'm simply arguing against use of the word "never". Debt can be good if it is the right kind of debt.
- genwin 12y agoAgreed on never. I recommend house debt, where there isn't enough cash and there's no obvious bubble, only because houses are almost sure to appreciate given inevitable population growth.