If you have a million dollars and accrue a debt of $500,000 you are solvent. If you have $20,000 and accrue a debt of $500,000, you are bankrupt and your debtors take a big loss and everyone is sad.

(Also presumably if you have a bunch of money you did get it somehow…)

$20k with $500k debt is a whole lot of airbnb enterprenuers racking in serious dough.

debt is a great thing as long as you make money from that debt (you don’t pay taxes on the debt either) :)