Quote:
Originally Posted by LeeMaster
There are good debts out there that will put money in your pocket. Just because it is called a debt does not mean it's bad. I dont know where this poll was taken place at, or if it was a middle class/poor class poll, but most of the rich people used debt to make money. Just like the Wilf family who currently owns the Minnesota Vikings franchise through their real estate that was initially bought with a huge amount of debt that ended up being paid off a few years down the road.
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I've heard this idea many times. I just happen to not agree with it. I plan on being wealthy without having debt. Once, I'm out, that's it for me. No more loans for anything.