Debt vs. Wealth: How Smart Investors Use Loans to Get Ahead
Most people are taught to avoid debt. Pay it off. Don't borrow more than you need. Stay out of financial trouble. And there's good reason for that advice. High-interest consumer debt can put pressure on your finances and make it harder to build wealth. But here's something worth understanding: not all debt serves the same purpose. Some debt funds spending that loses value over time. Other borrowing can help you [...]