I did not want to get into debt before because of the unfortunate experience that my parents experienced when they were not able to pay their debt. I vowed not to carry debt no matter how small it is. But eventually, I learned that getting some debt is not harmful at all, if this is managed well.

Most people use debt to fund wants. This was what I had been doing until I tried to read the ways of the rich people. I learned that successful businessmen and investors use debts to leverage their assets. This was the only time that I learned that there is indeed a good thing that debt can do aside from using it to spend on huge expenses.

I hope more people would realize that debt should be an instrument to earn more income. I am glad that I am not too late to learn what debt can do. Many business expansion projects use a great deal of debts. The borrower should be able to repay the debt in no time at all.

I used debt to fund for a joint business venture with my close friend. I hope we would get successful in this.