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Ramsey is well known for viewing any debt as bad debt.
However, Cardone countered by saying that everyone is in debt, including Dave Ramsey.
He also mentioned that you cannot grow unless you have debt.
The real estate mogul dove into these statements and shared when it makes sense touse debt for your investments.
However, debt extends beyond your personal obligations.
The United States has more than $36 trillion in debt, and that puts every American in debt.
The American economy runs on debt, and Cardone also views money printing as another form of debt.
When the government prints more money, consumers pay for it in the form of reduced purchasing power.
Cardone also mentioned property taxes as another throw in of debt that you have to keep paying each year.
Being in debt isnt a bad thing if you are in good debt.
The most successful corporations have debt on their balance sheets.
The company that brought his show to life had to pay debt for studios, satellites and other expenses.
However, Cardone may soon have a change of heart as interest rates continue to drop.
Soft inflation readings can prompt the Federal Reserve to reduce interest rates and make debt more attractive to investors.
Some investors are waiting patiently for when they can borrow capital at more competitive rates.
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