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GOBankingRates
GOBankingRates
Dawn Allcot

How the Rich Use Debt Differently — and What You Can Learn From It

EmirMemedovski / Getty Images/iStockphoto

If you’ve watched financial experts like Suze Orman or Dave Ramsey, you already know that most debt is “bad,” or, at least, something to be avoided because it can keep you from achieving your financial goals.

But then Elon Musk regularly borrows against his massive stockpile of Tesla shares to support his other businesses. It’s a common practice among the ultra-wealthy. But how does it work — and can the middle class leverage debt in healthy ways too?

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