Wealthy people love debt no doubt because they see investment opportunities all the time and are always ready to borrow to invest and utilize the opportunity that they have seen.it is not bad to borrow but what is very wrong is the purpose of which you borrowed the money for or if you used the money judiciously after borrowing it. talking about wealthy people their essence of borrowing is to add more funds to them through their returns on investment and the wealthy people are always very eager to borrow and invest for the future. but the poor people on the other hands only borrow to pay another debt or they borrow to feed their family and not to invest for the future.
Now we know on why the rich can remain rich and even get richer. Maybe some knows this already and in fact have done the same move already but if they fail, I think they only miss the learning part there. Rich people are well educated and have study the thing that they will venture.
This helps them to become risk-takers. I know this is crazy but borrowing money to pay for your other loan are I think a wise move because their previous loans can be on their deadline already and if they still can't pay it, something bad is going to happen with them. Besides, they may now change and will now find a proper way to pay their current loans.