Many people have the wrong idea about debt. But the reality is that debt can be not only good, but sometimes the only way to get ahead. You just need to make sure that you use it correctly to buy assets that pay the debt back by themselves, and not to spend on liabilities and consumption and other unproductive things.
Discussion
learnt that the hard way. unfortunately the only but major liabilities i had was taking up a huge loan to go "crypto". that mess my financial cash flow really bad. haha
i use a decent 10 year old car, live in a small apartment and do cost cutting measures in everything i do now. but life is cool. just looking at the bright side of everything.