But that can be dangerous. You could lose your home, or fall short of your investing goals at retirement. Some debt is good. Borrowing for a home, college or a car makes good sense. Just don't borrow more than you can afford to pay back.
Some debt is bad.
Don't borrow for things that you consume quickly, such as clothes, meals, vacations. There's no quicker way to fall into debt hell. Instead, put aside some cash each month for these items so you can pay the bill in full. Expect the unexpected. Build a cash cushion that you can get at quickly in case of an emergency.