Carrying debt for a corporation or a business owner is not a bad thing.. But for a normal person it is.. If I recall right the average American is about $9k in debt on each credit card they own.. And the average American has between 2-3 cards.. Heck I am in my 20's and have 3 cards, 2 personal CC and 1 thats a business card. And the thing about business is you can write off your debt as either a loss or for something like a depreciating asset, but for small business owners this isnt something you want to mess around with that much.
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