Replying to Avatar mike

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.
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banjo 1y ago 💬 1

Debt is always reverse compound interest.

It's probably the worst financial mistake anyone can ever make.

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mike 1y ago

Debt is definitely the worst financial mistake anyone can make.

Being indebted is being beholden to another party.

Not financial advice 😂