The world's wealthiest people use debt as leverage for opportunity, not as a risk. This applies only to strategic, productive debt, not consumer debt like credit cards. Understanding leverage helps you avoid becoming the bottleneck to your own wealth.
The wealthiest people in the world have a very different relationship to debt. They don't see it as risk. They see it as leverage and opportunity. Now, that's not about you running out and just buying all credit cards and getting personal loans and all that type of stuff, 'cause that's a different type of debt altogether. What it truly is all about is, well, how can you apply the principle of leverage towards your situation? Because let me tell you, if you are not applying the principle of leverage, then you wind up becoming the bottleneck of your own wealth.
