Date: Wed, 20 Dec 2006 05:38:51 -0600
From: "Chris Cowles" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Living Within One's Means (Was:  Credit Card Renewal - Cancel?)
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 wrote in message 
news:yobwt4oawyg.fsf@panix1.panix.com...
>
> Most of us *are* in debt (ie. mortgage).

Judicious use of debt is a good way to improve your standard of living 
through leverage. Businesses that finance projects through debt gain by 
maximizing return on investment, assuming the cash flow of the investment 
supports the debt. The same can be said for individuals, as long as (in my 
opinion) the debt is for assets that outlast the debt, it's a reasonable 
proportion of their wealth, their income is predictable, and they have 
plans to manage the debt should their income change.

Note that the first word in my reply is "judicious".
-- 
Chris Cowles
Gainesville, FL