Debt though sounds like a very convenient option in times of need, it often becomes worse as time passes. And those accustomed to taking debts are more likely to land in trouble as they end up biting more than they can chew that eventually leads to financial stress.
But there are times when your enemy proves as a friend. In this context the friend is called Mortgage. Mortgages help you buy more assets and increase your wealth through loans or instant money. And so do credit cards that help you collect cashback and reward points for your future purchases.
Thus, not all debts are bad if chosen right.