Bartman,
I can see your point about using credit for things that depreciate, like a car, but it might help you get laid, ya know? Good point though.
All,
Debt is a wonderful thing to use for investment purposes. Example, you buy a house for 100 grand and it goes up 50% in value. You make 50 grand. OR you put 100 grand down on a loan and by a house for 1 million. It goes up 50%. You are now at 500 grand - 100 grand - interest, (which hopefully will be less than 400 grand).
Same thing with stocks, and businesses. 10 grand investment for
www.bobsfunnyvideos.com. 100 grand investment for
www.youtube.com. What if you had to "borrow" that 100 grand. Pocket 1.64 billion. cha-ching.