DLC BLOG
The Right Kind of Debt
The Right Kind of Debt. Put yourself in a bank or lender’s shoes. Someone comes into your branch and asks you to politely loan them $300,000. You are a big bank, but $300,000 is still a lot of money. How do you ensure this person is going to pay back the money you loan them, on time, and in the right amount? Look at their record for borrowing other people’s money.
This is why taking on different kinds of debt when you are young is a good thing, but it must be within reason.