Not really if you can pay it back. For example what I do. Not giving financial advise. I borrow money from banks and then I invest it on stock/ETF that pay me dividends and I use dividends to pay off what I borrow. Right now interest rate is to expensive and I do not have any outstanding to pay back. And all of it goes into my TFSA. I max it out every year, and all funds go into the market, and I collect growth and divis. I try my best to earn the same way the banks earn off of us when we leave our cash in chequing accounts.
Not really if you can pay it back. For example what I do. Not giving financial advise. I borrow money from banks and then I invest it on stock/ETF that pay me dividends and I use dividends to pay off what I borrow. Right now interest rate is to expensive and I do not have any outstanding to pay back. And all of it goes into my TFSA. I max it out every year, and all funds go into the market, and I collect growth and divis. I try my best to earn the same way the banks earn off of us when we leave our cash in chequing accounts.
This is a dangerous game to play and I know many who have been caught out doing this.
THere is a time and a place for it - unfortunately.