Learn to use DEBT in a proper way to create asset

[bitzizzix]

In my opinion, having capital to buy assets or doing business using debt is not recommended because it is very risky. Unless you have a mature plan and strategy for the business or assets that you will be involved in, and think about and also have a very mature plan about how you will pay off the debt well and smoothly.
Because borrowing money for assets or for a business requires very large capital so it must be used by the right person, so that everything runs well and apart from that, you must also be able to choose a suitable asset or business. And it must also be supported by expertise, knowledge and experience in the field.
And it's also important to carefully evaluate the potential risks and benefits of using debt for assets and business, and consider your overall financial situation and goals. So it must be really thought out and planned carefully, and most of those who take debt for assets or do business are only people who have intelligence in their fields and are also rich people.

[Fredomago]

In my opinion, having capital to buy assets or doing business using debt is not recommended because it is very risky. Unless you have a mature plan and strategy for the business or assets that you will be involved in, and think about and also have a very mature plan about how you will pay off the debt well and smoothly.
Because borrowing money for assets or for a business requires very large capital so it must be used by the right person, so that everything runs well and apart from that, you must also be able to choose a suitable asset or business. And it must also be supported by expertise, knowledge and experience in the field.
And it's also important to carefully evaluate the potential risks and benefits of using debt for assets and business, and consider your overall financial situation and goals. So it must be really thought out and planned carefully, and most of those who take debt for assets or do business are only people who have intelligence in their fields and are also rich people.

That's true, it's not advisable if you are unsure with the business or investment that you are going to use the loan money, there's research and good study about the venutre that you will going to try, it's not just a go and out investment as the loan money will be needed to repay and not having the source for funding it will be an added pain in the ass.

Knowing the grounds and having the strong understanding with the business or investment will surely help to decide well with how will you spend the money and how will you repay it.

[AYOBA]

Using a debit card for business is quite risky because not everyone is familiar with it, especially if you are new to the business and have no idea where to begin. It is not advisable to use the debit card. The ideal way for anyone who truly wants to establish a business is to conduct extensive study and learn as much as possible about the industry he wishes to pursue in order to determine whether or not he can afford it. We should exercise caution when choosing the type of business we truly want to pursue since one thing about business is that if a person doesn't have any expertise with it, it will just be losing money every day without showing his capital talking about profits. calculating his ability to pay for it by using the debit card.

Morever we should Being cautious about the kind of business we truly want to pursue is a smart idea because one thing about business is that, without expertise, a person would only be losing money every day without ever seeing his capital grow. Furthermore, whenever we decide to start a business or invest in a firm, we should avoid discussing about loans, It would be better if we just used what we could afford rather than discussing about taking loan from bank or cooperative.

[dansus021]

I think this is what has been thought in a book called "Rich Dad Poor Dad " and I heard that Robery kiyosaki the author of the book in some podcast has 1 Billion in debt.

But to be honest, a fool like me Im just want to stay away from any debt and I would prefer to save in investment or anything else before buying something, or considered to get a loan with the lowest interest.

But Inflation keeps rising and anything becomes more expensive especially housing it is like impossible to buy without loan

[Raflesia]

Morever we should Being cautious about the kind of business we truly want to pursue is a smart idea because one thing about business is that, without expertise, a person would only be losing money every day without ever seeing his capital grow. Furthermore, whenever we decide to start a business or invest in a firm, we should avoid discussing about loans, It would be better if we just used what we could afford rather than discussing about taking loan from bank or cooperative.

Actually in this case before further talking about business we also have to look at the whole whether we are able to use debt properly or not.
The situation that occurs today is sometimes we ourselves are not able to do it well so that even good initial intentions with debt will go wrong because we cannot maximise it properly and in fact by getting into debt it will further worsen the atmosphere.
Indeed, controlling debt into an advantage for ourselves will be something very good but sometimes things like that have to be a lot of consideration because things like that are not easy and if we are wrong in stepping then we ourselves will receive failure.

[killerfrost]

It's true that not having enough capital shouldn't necessarily impede a good idea, and taking calculated risks can be essential for growth. While taking action is commendable, it's important to ensure that action is guided by careful planning and financial responsibility. Borrowing heavily for a poorly conceived business plan can turn courage into recklessness, potentially leading to significant financial hardship.

Loans can provide needed capital, but they also burden you with interest and repayment obligations. Ensuring realistic revenue projections and a solid path to profitability are crucial in managing the pressure of debt and avoiding potential defaults.

Daring to take risks is admirable, but blind leaps without considering potential consequences can be hazardous. Thorough market research, competitor analysis, and robust financial modeling should inform your risk assessment before taking on significant debt.

[junder]

In my opinion, having capital to buy assets or doing business using debt is not recommended because it is very risky. Unless you have a mature plan and strategy for the business or assets that you will be involved in, and think about and also have a very mature plan about how you will pay off the debt well and smoothly.
Because borrowing money for assets or for a business requires very large capital so it must be used by the right person, so that everything runs well and apart from that, you must also be able to choose a suitable asset or business. And it must also be supported by expertise, knowledge and experience in the field.
And it's also important to carefully evaluate the potential risks and benefits of using debt for assets and business, and consider your overall financial situation and goals. So it must be really thought out and planned carefully, and most of those who take debt for assets or do business are only people who have intelligence in their fields and are also rich people.

That's true, it's not advisable if you are unsure with the business or investment that you are going to use the loan money, there's research and good study about the venutre that you will going to try, it's not just a go and out investment as the loan money will be needed to repay and not having the source for funding it will be an added pain in the ass.

Knowing the grounds and having the strong understanding with the business or investment will surely help to decide well with how will you spend the money and how will you repay it.

I agree with this, because in my opinion it is not only in this case, it includes other things. If you are hesitant or half-hearted about something you are going to do, in other words, you are not wholeheartedly sure, then usually what will happen is loss or bad luck, the same as doing business or starting a business, if you are doubtful or half-hearted about running it from the start. then there is a possibility that it will not be optimally successful, because feelings that do not wholeheartedly carry out what is going to be done, make you have bad thoughts that are afraid of what will happen.

Of course, if you need more funds to start a business, it's not wrong to take out a loan to continue the business project you are going to run, but you have to do it wholeheartedly or be absolutely sure that the business you are going to run can develop well, run well and be profitable. profit for yourself and of course to pay off the loans made at the beginning, and also of course to be able to develop and be able to produce, of course we have to manage the business as well as possible.

[Hamphser]

In my opinion, having capital to buy assets or doing business using debt is not recommended because it is very risky. Unless you have a mature plan and strategy for the business or assets that you will be involved in, and think about and also have a very mature plan about how you will pay off the debt well and smoothly.
Because borrowing money for assets or for a business requires very large capital so it must be used by the right person, so that everything runs well and apart from that, you must also be able to choose a suitable asset or business. And it must also be supported by expertise, knowledge and experience in the field.
And it's also important to carefully evaluate the potential risks and benefits of using debt for assets and business, and consider your overall financial situation and goals. So it must be really thought out and planned carefully, and most of those who take debt for assets or do business are only people who have intelligence in their fields and are also rich people.

That's true, it's not advisable if you are unsure with the business or investment that you are going to use the loan money, there's research and good study about the venutre that you will going to try, it's not just a go and out investment as the loan money will be needed to repay and not having the source for funding it will be an added pain in the ass.

Knowing the grounds and having the strong understanding with the business or investment will surely help to decide well with how will you spend the money and how will you repay it.

I agree with this, because in my opinion it is not only in this case, it includes other things. If you are hesitant or half-hearted about something you are going to do, in other words, you are not wholeheartedly sure, then usually what will happen is loss or bad luck, the same as doing business or starting a business, if you are doubtful or half-hearted about running it from the start. then there is a possibility that it will not be optimally successful, because feelings that do not wholeheartedly carry out what is going to be done, make you have bad thoughts that are afraid of what will happen.

Of course, if you need more funds to start a business, it's not wrong to take out a loan to continue the business project you are going to run, but you have to do it wholeheartedly or be absolutely sure that the business you are going to run can develop well, run well and be profitable. profit for yourself and of course to pay off the loans made at the beginning, and also of course to be able to develop and be able to produce, of course we have to manage the business as well as possible.

Everything should be in passion on which it do simply pertains on being that building a business on which it is really that going against into your interest or not really that your liking then you would really be able to tell the difference comparing into those things on which you do know that on your passion on which you would really be that interested on doing something to make it grow. You could be able to determine about
those main differences on which it would really be just that right that you would be sticking into those ideas. When it comes to debt then it should really be used on the proper way because
if you've been just taking up some loan for the sake of gambling or what then you are really just that putting up yourself on such big trouble. This is why it would be best or better
that you should be wise on where you would really be making use of those things.

[DVlog]

Debt is something that a person should always avoid if possible. It is just an extra burden that can be a lifetime headache, so as long as borrowed money is intended to get an income source or boost current business it is okey. I have seen people trying to pay off his debt till his death and in some cases his children inherit this burden as well.

I don't understand what OP is trying to conclude here because I don't see debt as good or bad. If someone can pay off his debt in time even if he use that money to have some liabilities it shouldn't be any problem.

[Fredomago]

In my opinion, having capital to buy assets or doing business using debt is not recommended because it is very risky. Unless you have a mature plan and strategy for the business or assets that you will be involved in, and think about and also have a very mature plan about how you will pay off the debt well and smoothly.
Because borrowing money for assets or for a business requires very large capital so it must be used by the right person, so that everything runs well and apart from that, you must also be able to choose a suitable asset or business. And it must also be supported by expertise, knowledge and experience in the field.
And it's also important to carefully evaluate the potential risks and benefits of using debt for assets and business, and consider your overall financial situation and goals. So it must be really thought out and planned carefully, and most of those who take debt for assets or do business are only people who have intelligence in their fields and are also rich people.

That's true, it's not advisable if you are unsure with the business or investment that you are going to use the loan money, there's research and good study about the venutre that you will going to try, it's not just a go and out investment as the loan money will be needed to repay and not having the source for funding it will be an added pain in the ass.

Knowing the grounds and having the strong understanding with the business or investment will surely help to decide well with how will you spend the money and how will you repay it.

I agree with this, because in my opinion it is not only in this case, it includes other things. If you are hesitant or half-hearted about something you are going to do, in other words, you are not wholeheartedly sure, then usually what will happen is loss or bad luck, the same as doing business or starting a business, if you are doubtful or half-hearted about running it from the start. then there is a possibility that it will not be optimally successful, because feelings that do not wholeheartedly carry out what is going to be done, make you have bad thoughts that are afraid of what will happen.

Of course, if you need more funds to start a business, it's not wrong to take out a loan to continue the business project you are going to run, but you have to do it wholeheartedly or be absolutely sure that the business you are going to run can develop well, run well and be profitable. profit for yourself and of course to pay off the loans made at the beginning, and also of course to be able to develop and be able to produce, of course we have to manage the business as well as possible.

You need that kind of motivation in order to proceed with your desired outcome,  though we can't really say that we can assure that the business that we will going to put will achieved success as we also need to work more in finding the right way or the right approach making sure that it will not be an  missed opportunities that can cause us debts coming from the loan amount that we take.

Before deciding make sure to deeply analyze and have that thoroughly reviewed of what are the potential and risk, make sure as well that you are financially capable to repay your debt with or without that income coming from your newly setup business or investment.

[arimamib]

~

You need that kind of motivation in order to proceed with your desired outcome,  though we can't really say that we can assure that the business that we will going to put will achieved success as we also need to work more in finding the right way or the right approach making sure that it will not be an  missed opportunities that can cause us debts coming from the loan amount that we take.

Before deciding make sure to deeply analyze and have that thoroughly reviewed of what are the potential and risk, make sure as well that you are financially capable to repay your debt with or without that income coming from your newly setup business or investment.

The importance of motivation and careful consideration before venturing into a business is spot on. Being motivated and driven toward your desired outcome are important catalysts, but at the same time, realistic planning and analysis are essential for long-term success. But the businessmen must actively work towards finding the right strategies with a realistic and pragmatic approach. Business endeavors often involve uncertainty, and mitigating risks requires a thoughtful and well-informed approach.

The financial implications and having the means to repay any debts, regardless of the business's success, are things to take responsible on. This highlights the need for financial preparedness and a clear understanding of the potential challenges that may arise. In the world of business, a balance between motivation and prudent decision-making is key. Your perspective encourages people to pursue their goals with enthusiasm while being mindful of the practical considerations that can impact the success of their endeavors.

[shinratensei_]

Debt is something that a person should always avoid if possible. It is just an extra burden that can be a lifetime headache, so as long as borrowed money is intended to get an income source or boost current business it is okey. I have seen people trying to pay off his debt till his death and in some cases his children inherit this burden as well.

I don't understand what OP is trying to conclude here because I don't see debt as good or bad. If someone can pay off his debt in time even if he use that money to have some liabilities it shouldn't be any problem.

youre talking about bad unproductive debt where its just utilized for something consumptive not necessarily adding value to your asset worth as well as don't give you passive income of course it will be burden, i think what OP meant is that taking loan for buying something that gonna increase your asset worth and passive income instead, so that the debt will pay itself from the profit you get by renting a property for example if you try to borrow some money to buy property that actually has some worth since housing right now is needed more than ever and not everyone can afford to buy house many millennials are just renting house.
so basically you are taking some loan even though it seem like you are in debt but actually you don't really use that debt in consumptive way, if worst get to worst, then you can simply sell that property that's still in mortgage (its possible) and then be done with it at worst you just only lose some small amount of money.

[junder]

I agree with this, because in my opinion it is not only in this case, it includes other things. If you are hesitant or half-hearted about something you are going to do, in other words, you are not wholeheartedly sure, then usually what will happen is loss or bad luck, the same as doing business or starting a business, if you are doubtful or half-hearted about running it from the start. then there is a possibility that it will not be optimally successful, because feelings that do not wholeheartedly carry out what is going to be done, make you have bad thoughts that are afraid of what will happen.

Of course, if you need more funds to start a business, it's not wrong to take out a loan to continue the business project you are going to run, but you have to do it wholeheartedly or be absolutely sure that the business you are going to run can develop well, run well and be profitable. profit for yourself and of course to pay off the loans made at the beginning, and also of course to be able to develop and be able to produce, of course we have to manage the business as well as possible.

Everything should be in passion on which it do simply pertains on being that building a business on which it is really that going against into your interest or not really that your liking then you would really be able to tell the difference comparing into those things on which you do know that on your passion on which you would really be that interested on doing something to make it grow. You could be able to determine about
those main differences on which it would really be just that right that you would be sticking into those ideas. When it comes to debt then it should really be used on the proper way because
if you've been just taking up some loan for the sake of gambling or what then you are really just that putting up yourself on such big trouble. This is why it would be best or better
that you should be wise on where you would really be making use of those things.

That's true because if we do it with an interest in our hearts or desires for ourselves, I think we can be sure that what we do will produce something positive. Sometimes there are also people who start a business but not with their hearts' desires because of the demands of parents or other people and I don't think they will be able to accept it all at once  they need to adapt to things they are less interested in doing, but even so I think if it is for positive things then there is no harm, so it is necessary to adapt. I mean don't outright refuse if we really want financial freedom.

and obviously we also have a mind to determine which things are really good for us or bad for us because there is no way someone will choose something that is bad for them and if someone has a strong ambition to achieve financial freedom I think they will have a good mind and will also hold strong to the ideas and motivations they have it's true what you said that using the wrong loan will only get us into big trouble  but what do you think about those who don't have an emergency fund and when a disaster happens they need money to deal with it,  is taking a loan a bad or wrong way?
I personally think it's a risky way to go,  but if it's an urgent situation, there's nothing wrong with it because it's in your best interest.

I agree with this, because in my opinion it is not only in this case, it includes other things. If you are hesitant or half-hearted about something you are going to do, in other words, you are not wholeheartedly sure, then usually what will happen is loss or bad luck, the same as doing business or starting a business, if you are doubtful or half-hearted about running it from the start. then there is a possibility that it will not be optimally successful, because feelings that do not wholeheartedly carry out what is going to be done, make you have bad thoughts that are afraid of what will happen.

Of course, if you need more funds to start a business, it's not wrong to take out a loan to continue the business project you are going to run, but you have to do it wholeheartedly or be absolutely sure that the business you are going to run can develop well, run well and be profitable. profit for yourself and of course to pay off the loans made at the beginning, and also of course to be able to develop and be able to produce, of course we have to manage the business as well as possible.

You need that kind of motivation in order to proceed with your desired outcome,  though we can't really say that we can assure that the business that we will going to put will achieved success as we also need to work more in finding the right way or the right approach making sure that it will not be an  missed opportunities that can cause us debts coming from the loan amount that we take.

Before deciding make sure to deeply analyze and have that thoroughly reviewed of what are the potential and risk, make sure as well that you are financially capable to repay your debt with or without that income coming from your newly setup business or investment.

I think someone who has the desire to start a business or business of course they have their own motivation, because as far as I know who can support us sincerely is ourselves  sometimes people don't care about the process,  they only see the results not the process. and in my opinion we really have to work hard to be able to achieve success, because I think everyone wants their life to be successful well, therefore we should work hard  because financial freedom of course that's what everyone wants I don't think there is anyone who doesn't want a good life including the future too.

that's right this needs to be paid attention to especially when taking actions related to business,  because that will determine the business that is run in the future many people do not analyze or consider the actions they will take until they experience problems that cannot be resolved properly  including by taking out a loan to start a business This clearly needs to be considered carefully because otherwise it is possible that the business you are running will not run well, and as a result there will be no profit for yourself and to pay off the debt you have made.

[milewilda]

Debt is something that a person should always avoid if possible. It is just an extra burden that can be a lifetime headache, so as long as borrowed money is intended to get an income source or boost current business it is okey. I have seen people trying to pay off his debt till his death and in some cases his children inherit this burden as well.

I don't understand what OP is trying to conclude here because I don't see debt as good or bad. If someone can pay off his debt in time even if he use that money to have some liabilities it shouldn't be any problem.

youre talking about bad unproductive debt where its just utilized for something consumptive not necessarily adding value to your asset worth as well as don't give you passive income of course it will be burden, i think what OP meant is that taking loan for buying something that gonna increase your asset worth and passive income instead, so that the debt will pay itself from the profit you get by renting a property for example if you try to borrow some money to buy property that actually has some worth since housing right now is needed more than ever and not everyone can afford to buy house many millennials are just renting house.
so basically you are taking some loan even though it seem like you are in debt but actually you don't really use that debt in consumptive way, if worst get to worst, then you can simply sell that property that's still in mortgage (its possible) and then be done with it at worst you just only lose some small amount of money.

If you are really that mindful about into your future then it would really be just that fine or normal that you would really be having those kind of advanced thinking on how you would really be making those things
to make it happen in the future on which you would really be needing to be wise when it comes to spending on which we do know that this is really that needing to have that kind of decisions on which
not all people would really be able to do so but rather they would really be focusing into things on which they could really be able to make their own and would satisfy themselves without having
those kind of plans into their lives.

Bad debts and Good debts, it would really be just that impossible that you cant really be able to make yourself that realize on determining about the two.
If you would really be going into the path that you would really be making such lavish life and making debts then you would really be ending up on
wrecking your life with.

[Sebas.tian]

You think, the debt will tell you that this is a bad debt or good debt OP, the movement you invest that money you loan from the bank or cooperative societies to any particular investment, just know that you are embarking on big risk that will take a long time before you can escape. I will not advice anybody to loan money to start an investment but if relatives or friends loan you without interest on that loan, I don't think you have anything to worry about if you can invest the money on a reliable investment that will give you back the capital. I prefer to work hard to get my own capital to start that investment of my dream than loaning a money that will not give me rest of mind.

[Dewi Aries]

Debt is something that a person should always avoid if possible. It is just an extra burden that can be a lifetime headache, so as long as borrowed money is intended to get an income source or boost current business it is okey. I have seen people trying to pay off his debt till his death and in some cases his children inherit this burden as well.

I don't understand what OP is trying to conclude here because I don't see debt as good or bad. If someone can pay off his debt in time even if he use that money to have some liabilities it shouldn't be any problem.

youre talking about bad unproductive debt where its just utilized for something consumptive not necessarily adding value to your asset worth as well as don't give you passive income of course it will be burden, i think what OP meant is that taking loan for buying something that gonna increase your asset worth and passive income instead, so that the debt will pay itself from the profit you get by renting a property for example if you try to borrow some money to buy property that actually has some worth since housing right now is needed more than ever and not everyone can afford to buy house many millennials are just renting house.
so basically you are taking some loan even though it seem like you are in debt but actually you don't really use that debt in consumptive way, if worst get to worst, then you can simply sell that property that's still in mortgage (its possible) and then be done with it at worst you just only lose some small amount of money.

If you are really that mindful about into your future then it would really be just that fine or normal that you would really be having those kind of advanced thinking on how you would really be making those things
to make it happen in the future on which you would really be needing to be wise when it comes to spending on which we do know that this is really that needing to have that kind of decisions on which
not all people would really be able to do so but rather they would really be focusing into things on which they could really be able to make their own and would satisfy themselves without having
those kind of plans into their lives.

Bad debts and Good debts, it would really be just that impossible that you cant really be able to make yourself that realize on determining about the two.
If you would really be going into the path that you would really be making such lavish life and making debts then you would really be ending up on
wrecking your life with.

Taking out loans carelessly will of course be a problem for us in the future, including our future, even though it is said to be in the short term, bad things could happen. especially by using debt only for unimportant needs, such as to fulfill style desires, I think this happens to many young people today, they tend to prioritize style over needs so that quite a few young people have debt.

In my opinion, everyone should have a plan for their life, including the future, because the future is determined by us from now on, if for example we use debt and spend it properly, such as for business needs or other things, then it is likely that this will not be a problem. but if it is as I said above then it will be a problem and it is possible that it could hinder or even become a problem in the future.
Of course, in my opinion, everyone can determine which choices are good and bad, but on the other hand, there are people who dare to take very risky actions, by taking out loans even though they are not really needed, such as just to fulfill their desire to be stylish. I think that's a bad move or maybe stupid.

[Casalania]

In my opinion, everyone should have a plan for their life, including the future, because the future is determined by us from now on, if for example we use debt and spend it properly, such as for business needs or other things, then it is likely that this will not be a problem. but if it is as I said above then it will be a problem and it is possible that it could hinder or even become a problem in the future.
Of course, in my opinion, everyone can determine which choices are good and bad, but on the other hand, there are people who dare to take very risky actions, by taking out loans even though they are not really needed, such as just to fulfill their desire to be stylish. I think that's a bad move or maybe stupid.

Not everyone has their own business to use their debt. The better advice is to avoid getting into debt if there's nothing important to spend the money on, especially if it won't bring you any financial returns. Try to avoid it as much as possible because having debt will not bring you any benefits if you use it just to enjoy the lifestyle you desire. However, if you already have a running business, you can use the debt to increase the funds of the business, and the money generated from the business can be used to pay for the debt.

[NotATether]

Yeah, I heard this from Robert himself and I will say that it's very controversial, what works for him might not work for everyone. And I will agree that this is just like gambler per se, wherein you borrow some money from your friends and go on put a business or buy a house as a investment and wait for a couple of years to make money.

It worked for Trump apparently.

He (robert) says you take loans from the bank, not from random people. I think this is because they are less likely to sue you than an agitated person who wants their money back. Whereas the bank has a balance sheet that will get part of it wiped out if you default and have other effects.

It is quite spartan if you ask me, and I wouldn't try this if I were you, because what usually happens with most people is their loans are only small since they have no collateral, and then they get sent to collections, repos, etc.

[angrybirdy]

In my opinion, everyone should have a plan for their life, including the future, because the future is determined by us from now on, if for example we use debt and spend it properly, such as for business needs or other things, then it is likely that this will not be a problem. but if it is as I said above then it will be a problem and it is possible that it could hinder or even become a problem in the future.
Of course, in my opinion, everyone can determine which choices are good and bad, but on the other hand, there are people who dare to take very risky actions, by taking out loans even though they are not really needed, such as just to fulfill their desire to be stylish. I think that's a bad move or maybe stupid.

Not everyone has their own business to use their debt. The better advice is to avoid getting into debt if there's nothing important to spend the money on, especially if it won't bring you any financial returns. Try to avoid it as much as possible because having debt will not bring you any benefits if you use it just to enjoy the lifestyle you desire. However, if you already have a running business, you can use the debt to increase the funds of the business, and the money generated from the business can be used to pay for the debt.

Agree, for someone who has no business, just use the money in the right way especially if you are having debt, Always think carefully where will you spend the money so that you'll be having no regrets in the long run. Having a loan and debt is not bad because it depends on your capability, how and where will you use the money that you want to borrow. Take note that we need to become responsible in our own funds to avoid huge problem in the future.

[0t3p0t]

I think this is what has been thought in a book called "Rich Dad Poor Dad " and I heard that Robery kiyosaki the author of the book in some podcast has 1 Billion in debt.

But to be honest, a fool like me Im just want to stay away from any debt and I would prefer to save in investment or anything else before buying something, or considered to get a loan with the lowest interest.

But Inflation keeps rising and anything becomes more expensive especially housing it is like impossible to buy without loan

Well, the reason why rich people use debt to buy assets is that they are not gonna pay for taxes. But this actually depends on where you are and what country you are in. We all know that banks aren't fan of poor people, why? It is because poor people don't have collaterals that will allow banks to lend you money to start buying or investing in assets you wanted.

It is good to stay away from debts no doubt about that just like staying away from stress but this is what rich people are doing to evade tax.