Risk is one of the things that debt can represent, sometimes, but there can be debt that doesn't involve any risk, and there are risks that don't involve debt.
What's risky about using a credit card to buy a kayak?
And how does investing money you already have in small cap equities represent a debt?
I think for the vast majority of individuals just trying to make good personal finance decisions, "don't take on debt" is (on average) great advice.
What's risky about using a credit card to buy a kayak?
And how does investing money you already have in small cap equities represent a debt?
I think for the vast majority of individuals just trying to make good personal finance decisions, "don't take on debt" is (on average) great advice.