@kaylinart this post is right in my wheelhouse. This goes along the line of the Dave Ramsey school of thought. Basically, debt is bad. As opposed to the Rich Dad Poor Dad theory that uses debt as an investment tool. Each has it's merits. I prefer less debt.
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I also prefer less debt! I'm not completely opposed to being in a little debt once in a while , but it has to be reasonable.
I think nothing is absolutely bad or absolutely good. All can be used for both good and bad. Including the debt.
The absolute value has only love. Only love can not be too much. Too much money you become greedy. Too much knowledge and you are arrogant. Too much physical strength and you're abusing it. Too much fame - and you're proud.
But love can not be too much. So love is an absolute value. And all the rest are relative values.
Wow those are really good points :) I didn't ever think of it that way!
Yes! Wait, I read the Rich dad Poor Dad book, What do you mean debt is used as an investment tool?? Maybe I missed that part lol.
Good debts and bad debts :) I love that book too! It definitely changed my life. And it happed about 4 months ago. Thus I came here, in this wonderful crypto-world ;)
hehe yes!! It changed my life too hehe! I love books that do that! they are worth every second of a read!
One example of using debt as an investment tool is taking out a mortgage to purchase a rental property.
So basically you are using other people's money to make you money, with only a small % of your money invested. Tomorrow I plan to post my first of many blogs about real estate investing.
Ohhh I need to come back and read those. I do a lot of investing in stocks, p2p and now Steemit. But I don't know anything about real estate investing and I"d love to earn.
@kaylinart also, you might like the my post today. Though it is less practical and more theoretical/inspirational than my usual stuff. https://steemit.com/steemit/@scaredycatguide/steemit-the-field-of-dreams-for-the-crypto-world