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A comment on Anthony Bourdain on not having debt. Parent comment
Productive debt helps you make money. For someone starting out, that might be a modest car loan to get to work.
Unproductive debt just helps you consume. Once your car is past the basic point-A to point-B automobile, a loan to but it is unproductive debt.
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Productive debt helps you make money. For someone starting out, that might be a modest car loan to get to work.
Unproductive debt just helps you consume. Once your car is past the basic point-A to point-B automobile, a loan to but it is unproductive debt.