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Debt can be good from "summary" of Wisdom from Rich Dad, Poor Dad by Robert Kiyosaki
Many people are afraid of debt. They see it as a burden, something to be avoided at all costs. But what they fail to realize is that debt can actually be a powerful tool for building wealth. Debt, when used wisely, can help you leverage your money and grow your assets at a much faster rate than if you were relying solely on your own resources. One of the key principles that my rich dad taught me was the concept of using other people's money to make money. This means taking on debt in order to invest in assets that will generate a return greater than the cost of the debt. For example, if you take out a loan to buy a rental property, the rental income you receive can more than cover the monthly mortgage payments, allowing you to build equity in the property over time. Debt can also be a valuab...
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