Debt is not what everybody says it is. Most people just hear debt and straight up think it’s a problem, like you already made a mistake.
Where I grew up if someone is owing they act like that person is reckless. But you see most wealthy finance people don’t talk like that. They see debt as just money, it’s not good or bad it’s what you do with it. Someone borrows to buy new shoes or do a party, no money comes back, now they’re in more trouble. But someone else borrows to restock their shop, put more goods on the shelf, start something new, that money brings more money and soon the debt is not even a big deal. It’s just like that. I actually run my grocery store on 30 percent debt money and it's working for me just fine. I'm able to pay and take up the loan again. Used that cycle for about 5 months now.
The thing is most of the advice about debt you hear comes from people’s own stories. If they suffered from debt, they say don’t try it. But if they won with debt, they’ll say use it but only if you really know your numbers, like you have to be sure you’re not guessing.
Where you live matters too, because banks in some places just want you to fail so they get your collateral. Some places the interest alone will finish you.
But the point is debt is only risky if you have no plan, and sometimes if you don’t take that risk, you just remain on one spot.
My thumbnail image was generated using Chatgpt 4.1 model on my phone.
