The Psychology of Credit Card Debt

When you overwhelm yourself with debt, you're putting yourself in a financially weak position because of your psychology. It makes people feel more depressed. And i'm not talking bout a mortgage. I'm jus tang about debt in general. A credit car, car debt, i guess we would call it negative leverage. You are using it to spend on things that are consumed, right? Whereas a mortgage is, i will argue against the fact that a primary residence is an investment. Historically, it appreciates. But if you're buying a car, it works against you, because the car is going down in price year after year. Every year you drive it, it goes down in value.