return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 2 months agoWhy do Americans pretend they're not broke when most Americans are in debt?message-squaremessage-square206fedilinkarrow-up1450arrow-down139
arrow-up1411arrow-down1message-squareWhy do Americans pretend they're not broke when most Americans are in debt?return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 2 months agomessage-square206fedilink
minus-squareFreedomAdvocatelinkfedilinkEnglisharrow-up9arrow-down4·2 months agoNo, debt can be good. If you’re making more money from an asset than the interest on the loan used to buy that asset, it’s good debt.
minus-squareFreedomAdvocatelinkfedilinkEnglisharrow-up1·1 month agoIsn’t it insane that 4 people downvoted my comment saying that if you’re making more money from debt than it costs to have the debt, it’s good debt? Do these people not understand how money works?
minus-squareScoffingLizard@lemmy.dbzer0.comlinkfedilinkarrow-up4arrow-down1·2 months agoRich people always say never to use your own money to start a business.
minus-squareFreedomAdvocatelinkfedilinkEnglisharrow-up1·1 month agoYou can’t figure that out from my comment that you responded to?
No, debt can be good. If you’re making more money from an asset than the interest on the loan used to buy that asset, it’s good debt.
Good for who?
For the person holding the debt.
Isn’t it insane that 4 people downvoted my comment saying that if you’re making more money from debt than it costs to have the debt, it’s good debt? Do these people not understand how money works?
Rich people always say never to use your own money to start a business.
You can’t figure that out from my comment that you responded to?