Debt is not always a bad thing.
Used wisely, it can help boost one's earning capacity and change one's life in a beneficial way.
How do people do this?
[and how do you prevent it from being a disaster?]
Using debt money wisely is good strategy to improve financial situation and current circumstances of one.
Using debt money wisely is good strategy to improve financial situation and current circumstances of one.
Credit access is a great opportunity to increase productivity.
You must be credit worthy.
Make sure you don't spend the credit received on unintendeded expenses. The credit must be used to bring about increase in your business.
Compare the cost of capital for debt vs. the expected rate of return for the equity. Whichever is cheaper is normally the expected decision. Also, the use of debt in a growing economy where you buy assets that increase in value using debt with a fixed cost is one way to capture value.
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