Yeah, I’m paid, and I don’t got a debt (hah).
—Migos
I have a personal aversion to debt. It seems like a lot of Millennials do. Even though I try to avoid it, I can appreciate that debt can be a fantastic tool, if (and when) it’s used correctly. It’s just that…most people don’t use it correctly.
In my opinion, debt is used incorrectly when you buy stuff that won’t help you get back out of debt. A vacation is a good example. However, if you take on debt to buy something that will propel you forward and will help you pay it back, debt can super powerful.
A couple of chapters ago we talked about Dogecoin ...
