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I find it best to use debt only as a strategic tool (e.g. buying income producing property and your collected rents paying off the debt, or business assets that produce cash flow that pays off the debt.)
I’m not a big fan of using excessive personal debt to fund lifestyle. If you are buying things, you can tire of them pretty easily and take them for granted. Also, there will always be a bigger and better version of whatever thing it is coming out, and the cycle of personal debt continues. Having cash gives you options. Having things ties you down to servicing them.
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