"Personally, I consider debt bondage a tool that is used to turn free people into wage slaves on a never ending hamster wheel in the rat race where the main goal of your life is to make someone else rich, and hopefully leave behind another wage slave when you pass on to make their kids richer too."
It can be that, if you take the wrong sort of debt, or it can be a way to use other people's money as leverage to enrich yourself. Consider that Mark Zuckerberg has a home loan on one of his 1 million dollar houses, because he is a billionaire he gets like a 1% interest rate. In that case it makes a lot of sense for him to take that loan because then he can keep his million dollars invested in something that makes way more than 1%. Using credit wisely can give you tremendous leverage.