Defining Debt

Real Estate Agent with Cactus Mountain Properties, LLC

Someone once told me that having debt makes a person more responsible.  He felt that by increasing your debt you become more motivated to work and therefore are driven to succeed.  The larger the amount of debt you accumulate, the greater your chances for success.  He used the term debt lightly without defining the purpose.  Is debt  used for a personal or business neccessity or for a luxury item?  He continued to explain that the purpose we work is to provide perks, otherwise, there would be no purpose in getting out of bed in the morning.

I plan to get out of bed in the morning and continuing working at real estate even if I don't have any debt.  I simply, love my job.

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Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

In this case, I will agree to disagree with "Somebody" as I think the amount of debt has nothing to do with one's chances for success. If someone is a hard worker and pays off all their debt one day, I doubt they will lose motivation for getting out of bed in the morning! ;p


Sep 27, 2009 06:48 PM #2
Jayson Hoffer
Jayson Hoffer Insurance Agency Inc. - Tempe, AZ
Mesa AZ 480-948-6115 Home, Auto, Life Insurance

My district manager liked that I bought an expensive car 5 years ago, he knew that I would need to work much harder, which meant he got a tiny cut of that. I sold the car 3 years ago to put more money into investments vs a stupid car!

Apr 25, 2011 01:27 PM #3
Barb Merrill
Cactus Mountain Properties, LLC - Tempe, AZ
GRI, Associate Broker

Smart move, Jayson!  Excellent use of your money.  Good luck with your investments.

Apr 25, 2011 03:37 PM #4
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Barb Merrill

GRI, Associate Broker
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