LogFAQs > #980156739

ai123 posted...

I'll take the debt, please.

You get to a point with debt where it stops mattering. People who are thousands in debt often suffer more than people who owe hundreds of thousands. Rich people understand this.

We might need to draw a distinction between "good" debt and "bad debt".

You can be a rich person who has millions in debt but tens of millions in assets and capital and is just living off the interest.

Or you can be someone like my brother who just maxed out a dozen credit cards in his early 20s and ended up with 6 figure debt with literally nothing to show for it.