If you are debt free, like completely, you probably won't make as much money as you otherwise could have. Not investing in long term projects is high time preference.
You would be remissed to not take a loan on a long term project that was under the feds rate. If it's a productive endeavor, and you don't take on good debt to achieve it, you're throwing money away.
But no one on financial audit has good debt. The fiat mindset is pervasive, and Caleb's show is the best example.
You can crowd fund good ideas “sell shares”. No need to take a loan.
private shares are a thing, it's a type of business contract. usually needs a notary to witness so the buyers have recourse. the proper name is "private equity" and it's an interesting form of law that exists outside of government jurisdiction (mostly).
Tell that to any startup business or venture capital...
And if you want to buy a house, you are going to have to take a loan.
Home ownership is one of the best wealth builders in the country.
Isn’t that how ICOs happened, except they were crowdfunding bad ideas?
