You are viewing a single comment's thread from:
RE: The Ultimate Guide to Frugal Living / How I Can Afford to Live in A Condo in Hawaii
The only time debt is useful is to fund business growth and possibly to buy a home when rates are low and it can be paid back quickly via overpayments.
Agreed @unclehermit,
The only time that you should ever put yourself into debt is when you are using it to make your life better. I believe it goes;
The poor spend their money on things,
The middle-class buy liabilities,
And the wealthy buy assets.
Cheers!
@shello
Very true indeed. I just wish my 'assets' would start performing ;)