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 borrow to make themselves richer while poor people borrow to take care of somethings that where they are different, the mind of wealthy people are more wide than poor people in times of think and also creativities, but all is with the help of money.
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.
Only few percentages of rich people are debt free but almost all are debtor but it's a good debt, been a debtor is all about risk and not everyone have the mind of taken risk, even wealthy people because they have risk limits not all can take the same risk, and all this depends on their capacity of the wealth.