kort
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debt is a tool, if used judiciously it can maximize the power of your assets.Speaking as an economist that studies consumer spending, I'm quite happy when people avoid getting into debt. Debt has its uses, and it also has its problems. For many people, controlling their risk by avoiding debt makes sense.
You can, at least theoretically, financially engineer your asset purchases and financing to establish an overall level of debt that you find optimal. There's a lot of that in finance books (including the ones I cite from time to time.) However, in real life people face lots of issues and market imperfections and asymmetrical risks that don't appear in those finance models. One way, tried and true, to mitigate your risk is...avoid borrowing.
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YMMV
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