Debt as Investment: Is it Wise?

Check out this fascinating post at The Personal MBA about debt. I think his perspective is helpful, particularly the following concept:

The easiest way to stay out of debt is to avoid taking it on in the first place. Here’s a useful rule of thumb that’ll keep you out of trouble: if it’s not going to help you make more money within the next 3 months, don’t take on debt to buy it. That goes for everything from household goods to movie tickets.

I highly recommend reading the whole thing.