We all need some of life’s basics: food, transportation, shelter, insurance, and to help others.
Money, and time (the other currency), lets us do these.
The more money we have the easier it is to buy things and help people.
Two days ago Seth Godin posted this at his blog. It will stimulate how you think about credit and debt, but it is no guarantee you will make good or tough choices.
Article summary: you can borrow money for things that incease or decrease in value.