The big takeaway here is that debt is a powerful financial strategy, as long as we use it to acquire assets. I know it’s common middle class advice to say “get out of debt.” And that’s true when we are talking about consumer debt. When it comes to asset-backed debt at a fixed rate, it’s not a bad move to get into debt. As crazy as that sounds, asset-backed debt is good within an inflationary monetary system like the one we have today. Debt puts the power of inflation to work for us.
