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Debt is the Best Tool We Have for Building Wealth

July 15, 2012 Victor Lawrence 1

Debt sure has a bad name nowadays. Everytime I grab a paper, all I see are reports around the “sovereign debt crisis.” When I switch on the tv, I’m bombarded with commercials from firms offering to help individuals with their “debt troubles.” I can see why many people today see debt as a disease, something to steer clear of like the plague. That’s too bad, because I feel debt is one of the greatest innovations ever, and possibly the number one tool for building wealth.