Debt used intelligently for personal needs is usually a requirement when first starting out especially. As a way of life continuing on that treadmill is not the best ideal.

Using debt to make money is often usable but there should be no personal gaurantees. Using debt for quickly depreciating assets is really questionable other than once again when you are just starting out.

Instead buy that type of asset after the heavy depreciation is done. Many items out there a month old only realise 50 percent of their initial cost. Yet they have 99 percent of their usable lifespan still existing. Finding them when the need is there is sometimes a problem.

Far too many couples break up at one point or another. The official rate of breakups is fifty percent or better I think.

Debt becomes so inhibiting that one of the largest factors in breakups is financial in nature. Plus when it is all said and done both parties may go their separate ways with basically nothing. After all they never really owned much of anything when they were together. It was just a debt driven lifestyle. You can basically have the same lifestyle but paid for just by using a little common sense.

The now very old method of paying yourself first is in my opinion more important and valid than ever. Or at least no less so.