Some say, "Learn how to use debt," while others, like Dave, say, "Stay away from it."
What do you say based on your experience?
Some say, "Learn how to use debt," while others, like Dave, say, "Stay away from it."
What do you say based on your experience?
I would say using debt is for those who are willing to educate themselves on financial literacy (which should be everybody), those who are not should stay away indeed
Smart answer. Debt is a double edged sword, and knowledge is the only way you can use it without it harming you
Debt should only be used as a wealth building tool by the people who understand the risks with it.
Perfect answer.
only the rich knows how to use debit the poor used debt to get more poorer ad tbeu
And maybe that's why they are rich. The fundamental understanding of using debt is to purchase cash generating assets. Hopefully if all else remains equal and no natural disaster occurs, you should do just fine building your wealth with debt
Debt is good when it's used for investment and not for settling other Debits, which most people fall into using debit too settle debts which result in the serious rat race