Dave Ramsey says “Debt is not a tool”

By Randell Tiongson on September 17th, 2009

Many of us grew up with the notion that debt is part of our lives and will always be here to stay. I even here people say that “walang mayaman na walang utang” … obviously, that’s not really true. I know many rich people and most of them have no debts, personal or business.

Here’s what Dave Ramsey says…

“Debt is not a tool!”

Myth: Deb is a tool and should be use to create prosperity.

Truth: Debt adds considerable risk, most often doesn’t bring prosperity, and isn’t used by wealthy people nearly as much as we are led to believe.


One thought on “Dave Ramsey says “Debt is not a tool””

  • I am not fully convinced that debt is not a tool. As far as finance is concern debt could be use as leverage by some companies, like project financing. You don’t have to use your own money if you are in a business, you use money of others in the form of debt to gain profit for your business. It is called leveraging!!

  • Leave a Reply

    Your email address will not be published.

Copyright © 2023 by Randell Tiongson | SEO by SEO-Hacker. Designed, managed and optimized by Sean Si

Be a pal and share this would ya?
Dave Ramsey says “Debt is not a tool”