Wealthy people love debt. Unlike the poor people who just want to get out of debt as fast as possible, the wealthy are looking for more ways to increase their debt. In school I was taught that there are two types of debt the good debt and the
bad debts.
Wealthy people are in the good type debt. Good debt is money borrowed to invest in a business like real estate , restaurants, or property whose value will bring in more money than the debt. However bad debt is there borrowed to buy liabilities. This is where the wealthy are smart. Their debts are the good kind of debt that increases their wealth despite being in debts.
As my economics professor would say, Using someone else's money (debt) to increase your own wealth is a skill the wealthy have mastered.
This is very true for many cases I have seen and I must attest to the fact that the wealthy remain so, because they know how to increase their value and thus have maintained a good income record overtime, in that they now have access to loans and good credit schemes that affords them enough to reinvest, seeing they have clear insight on how the returns would be.
Debt is made available to many who have knowledge of the terms and conditions and is responsible enough to abide by it in such a way that the creditors have faith in their timely returns.