Author Topic: The Value of Debt in Building Wealth, Thomas Anderson  (Read 1081 times)

Snowboard junkie

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The Value of Debt in Building Wealth, Thomas Anderson
« on: March 23, 2017, 10:47:09 PM »
Any thoughts on this? 

Seems to suggest a more cavalier attitude to debt than most on this website would advocate.

phalipi

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Re: The Value of Debt in Building Wealth, Thomas Anderson
« Reply #1 on: March 27, 2017, 12:18:34 PM »
While I have never read the book, I always think of what my FIL told me when I was asking about borrowing money to do something. He said there is nothing wrong with a man that borrows money, but there is if the man doesn't pay it back. I suppose this could go along the lines of making wise choices and having the capacity to pay back the debt. I don't like borrowing for stuff, but I have a hard time saving up for it too. I would rather have a good stash of cash in the bank then pay thousands if I can get a low interest loan. I always find motivation with having debt. It gives me a goal and I always try to pay stuff off early.