Myth: Debt is a tool and should be used to help create prosperity.
Truth: Debt is not a tool; it is a method to make banks wealthy, not you.

Debt is dumb. Most normal people are just plain broke because they are in debt up to their eyeballs with no hope of help. If you're in debt then you're a slave, in the sense that you do not have the freedom to use your money to help change your family tree. According to a recent USA Today article about debt, 78 percent of baby boomers have mortgage debt, 59 percent have credit card debt, 56 percent have car payments.

It takes a lot of will, discipline, courage and help to slay the debt monster. But it can be done. Imagine how much you could put toward retirement if you just didn't have a stinking car payment? This is how the wealthy build their wealth. Debt is really dumb. Welcome to the real world! Start your Total Money Makeover Now.

Go here:  http://www.daveramsey.com/the_truth_about/debt_3036.html.cfm

Proverbs 22 - New American Standard Bible Translation

7 The rich rules over the poor,
And the borrower becomes the lender’s slave.

Proverbs 21

20 There is precious treasure and oil in the dwelling of the wise,
But a foolish man swallows it up.