Some people apparently think Kanye West is a positive role model:
http://www.thestreet.com/story/13463617/1/what-kanye-west-rsquo-s-53-million-debt-can-teach-americans-about-money.html"Kanye West says he's $53 million in debt, and that may not be a bad thing. In fact, West should be carrying a lot more in debt if he really wants to meet his career and money goals, according to one financial expert."
What the what? And then there's this:
"For example, raising money for a new idea or company requires debt. 'Raising money from investors or friends and family is helpful when trying to launch a new venture due to the fact that most people cannot afford to do so out of pocket,' Getto adds. 'If you're able to sell your idea to someone, or to a group of individuals and they are willing to lend you a large amount of money to help bring that into fruition, that is huge.'"
Ok, I can see the point of a loan to start a small business, but I'm guessing Mr. West is not living like someone who's trying to get a business off the ground. Also, for large new ventures isn't it more common to raise VC funding - i.e. sell equity to investors rather than debt?