Debt should only be considered in two situations.

[btaliat]

Debt is not really a bad thing. In fact, the most advanced countries are the most indebted nations. What we do we the money borrowed will determine whether the debt is right or it is not. Debt should be considered when:

When we have ideas that we are very sure of but we don't have more money to actualize the ideas. This may prompt us to borrow money in order to kick start such an idea.

Aside this, debt should be considered when we have in view means of paying off the debt. Apart form thesse two situations, we should avoid debt.