return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 2 days agoWhy do Americans pretend they're not broke when most Americans are in debt?message-squaremessage-square174fedilinkarrow-up1394arrow-down129
arrow-up1365arrow-down1message-squareWhy do Americans pretend they're not broke when most Americans are in debt?return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 2 days agomessage-square174fedilink
minus-squareFreedomAdvocatelinkfedilinkEnglisharrow-up5arrow-down3·9 hours 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-squareScoffingLizard@lemmy.dbzer0.comlinkfedilinkarrow-up1·2 hours agoRich people always say never to use your own money to start a business.
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?
Rich people always say never to use your own money to start a business.
For the person holding the debt.