/biz/ - Business & Finance

>>14838990
private debt =/= student loan debt =/= business debt =/= bond debt

>>14839008
explain

>>14839008
debt = debt

>>14839021
read pic related.
Private/Consumer debt = buying liabilities like car, house, fast depreciating consumer goods that you can't write off = stupid
Business loans (paired with real estate tax jew tricks) = acquisition of (real) assets that can be further leverages = good and smart

>>14839110
read it, debt is still debt tho

>>14839040
cash = king

>>14839140
the paid off home mortgage = replaced the BMW as the status symbol of choice

>>14839110
student loans = can't default = stupid (unless you really know what you want like becoming a physician in the US)
bond debt is country debt that issues bonds. a country can't go bankrupt which presents a special case in this kind of debt

>>14838990
There is good debt that builds wealth and bad debt that decimates your life. If you are too retarded to know the difference you’ll never make it.

>>14839131
nope. the differentiator is what is on the other side of that debt. debt that backs a liability or an asset? can you default that debt?
that's the big difference

>>14839172
>debt builds wealth

>>14839161
>*Slaps his BMW at the dealership shop*
>"Yup, constant maintenance work is a feature of high quality cars"

>>14839172
There is neither good debt nor bad debt, there is only your ability to leverage such debt for your profit.

>>14839161
The fact that we have such a culture of home mortgage is depressing. I hope I never become a boomer.

Debt is bad imo. I don’t take out loans to buy groceries or get gas anymore. The absolute worst thing you can do is take out a loan to buy stocks or crypto. Pay cash if you wish to invest

>>14839347
For a 30 year mortgage, you are paying 3x for that house.

100k house will cost you a total of 280k-320k. You wonder why banks LOVE writing mortgage loans?

>>14839365
Bitch, I got that BSV!

25

130k in debt

I just keep doubling down