You’ve heard both extremes: “debt is a tool” and “debt is pure evil”.
I’m not that extreme, but I do lean towards the second option.
It’s often believed that debt can be used as leverage, and that it can get you where you want to go faster than living debt-free. That can be true, but living with debt can also get you bankrupt faster than living without debt.
Yes, all reward has risk, but this one may not be worth it.
Let me clarify. Here’s why I think debt is a bad idea and how it’s possible to live without debt…Read More