Is debt part of your wealth?

[StarStruck]

Debt is not bad at all if you use it well. Half of my wealth is debt and it super charges my income so it is not bad. The thing is that debt can also super charge your downfall. It is a double edged sword. And dead debt like student debt is not good at all, you need to put it to work. I always thought stupid people were something bad but nowadays I thank god that they exist because I need somebody to flip my burgers and I don't mean that in a demeaning way. In the same way you can't have predators without prey and prey without predators.  Both are needed for the eco system to survive. That is how I look at it.

 

[hyruga]

Yes debt is part of my wealth. I have used debt to earn even more money. For example, you can use debt to buy stocks, property, bitcoins or other assets.

In fact, the ability to take a high amount of loan is dependent on your income level. With a higher debt, it means that the sword is sharper and you can either earn even more or lose even more.