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Original Message
Not when you consider...
Posted by dark_dave56 on May 21, 2023 at 03:08:44:
...how much the average household pays in annual interest on credit cards, home mortgages, car loans/leases, and other personal debts. I know lots of people that pay more than $2,000 per year to service their own personal/household debt.
Besides that, the old addage "it takes money to make money" is true. Regardless of what sort of business endeavor you are involved with, at some point you will end-up borrowing money to succeed/expand.
Debt is (in and of itself) not necessarily a "bad" thing, if properly managed/maintained. It's more of a fact of life, both for individuals and businesses. The problems arise when excessive or irresponsible spending gets out of control.