The late Dennis Ng Kah Wan likes to emphasize that not all debt is bad. There’s "good debt and bad debt".
Bad debt is car loan, credit card debt, among others.
Good debt is your housing loan, investment property mortgage loan, and business debt, especially those obtained with without collateral! (See, that is why perpetual bonds is really good for companies but bad for you!)
I hold the same view as well, but such view is not common because you would more often hear people saying that you should try to be debt free earliest possible. May be people who are like that should take note and ask themselves: Which multi-millionaire has no bank debt? That will help them to expel all those myths...
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