Is debt an asset or a debt?
Sounds a daft question, but I'm serious.
We treat debt like an asset most of the time.
Discussion
Debt = Debt
That depends. In clown world or as bound by reality?
What’s the debt for?
Depends on the debt type.
long-term debt with an interest rate below true rate of inflation is effectively an asset, with increasing discount on real cost of payments
this is not financial advice 😏
A leveraged liability can be an asset. Like, it's better to hold your breath when you go under water than to try to breath there too.
If you wish to accumulate air, then it’s best not to go under water in the first place.
Confucius
Precious!
Debt is always reverse compound interest.
It's probably the worst financial mistake anyone can ever make.
Debt is definitely the worst financial mistake anyone can make.
Being indebted is being beholden to another party.
Not financial advice 😂
I see it as both an asset and a liability. Debt is a form of time-traveling money, you bring money from the future into the present. If you cannot service it, you risk worsening your future. However, if used properly, it can improve your future.
I think some of us are borrowing from beyond our lifetime
both if you're a Central Bank
Debt is an a$$et 4 bank$ters, warm0nger$ & vampire$, a liability 4 common people through out known hi$tory.