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Nick Perry argues debt isn't inherently bad. Bad debt buys depreciating stuff like cars. Good debt buys income-producing assets like rental properties, where tenant rent covers loan payments while the property appreciates, building equity.
Nick Perry argues debt isn't inherently bad. Bad debt buys depreciating stuff like cars. Good debt buys income-producing assets like rental properties, where tenant rent covers loan payments while the property appreciates, building equity.
Debt not bad. Debt make you rich. Me explain. You buy dumb thing, bad debt. You buy car, but car loses money and you still owe money. Bad, bad, bad. Good debt, you borrow money, you buy property, property make money. Money kill debt. Tenant pay rent, rent pay debt. You no pay debt. House and tenant pay debt. Good, good, good. House go up in value and debt stay same. Debt $100,000, house value $150,000. Do you owe $100,000? House worth $150,000. Good, good, good. Rich people like this, they say, me want more debt. But only if debt go to asset. Asset pay debt or asset value go up. Debt buy asset. Asset make money. Money kill debt.
