Quote:
Originally Posted by Rukdafaidas
It depends on what you're borrowing money for. If you're using a credit card to buy everyday purchases or stuff you don't need, it's bad.
If you're borrowing money to buy a business or an asset that can be used to gain value, borrowing money can be a good thing.
Nearly every one of the richest people on earth got to where they are by borrowing money. Donald Trump has a lot more money than you or I, but I bet he has many, many loans outstanding right now.
Who has said that? I don't think anyone is arguing that normal credit card debt is a good thing.
Good for you. You're content where you are. You'll never be in Forbes, but that isn't your goal.
Not always.
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Warren Buffet operates his businesses with cash. I think you will agree that he has done pretty well for himself.