Please don't let the popular media mislead you. All debt isn't bad!
Personal debt is most often used to buy things we cannot currently afford; to help us live beyond our current means. Cars, big homes, trips, clothes, all fit into this category. I am not saying it is inherently bad, but it is expensive in the long term.
Business debt is to conduct additional business, create additional value. Equipment, inventory, and other items necessary to conduct and grow our businesses fit into this category. If you can borrow in such a way as to create additional value then as a professional you probably want to do as much as possible. It can be expensive in the long run not to use business debt.
Don't let the popular media discourage you.
The people writing those ads probably have maxed out their credit cards, live in homes they cannot afford, drive cars they cannot really afford, and aren't creating any value for anyone except the people they buy things from. They probably have never owned a business or been responsbile for anyone's success.
You really are different!
Rick
