Quote:
Originally Posted by sweeps
If you have a good business plan (as Daylily has pointed out) and you will truly buckle down to work on your business, some debt is to be expected. The Dave Ramsey-philes will tell you that all debt is bad, but it's simply not true. If you can turn that debt into a thriving business, you'll leave all those people doing the baby step plan in the dust.
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True. Debt is not bad. "Bad" debt is bad. Debt incurred to start up a successful business is an investment that pays off many times over in the future. maat55 recommended reading The Millionaire Next Door. One thing you'll learn in that book is that a high percentage of millionaires are business owners.
But you must have a solid plan. You can't just make it up as you go along.