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Pedantic.

If your goal is to get rich, you need to be comfortable with doing what it takes depending on the economic environment.

It’s not pedantry. There may be some circumstances where strategic use of debt contributes to making you rich, but leverage is not a necessary condition for building wealth. Stating that it is gives people the impression that debt instruments are the road to riches, when in fact they are often the exact opposite.

Debt to purchase productive and appreciating assets is the most common way to get rich that I have seen.

I don’t really know anyone who got rich (as in you don’t have to worry about working) with their labor. It’s buying something with 10% down that appreciates 2-3x+ and then taking those gains and investing it in something else that appreciates and so on and so forth that got the people I know rich.

For real estate in the US, you also get to take advantage of the 1031 tax exchange and basically build your wealth tax free.

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