Let me expand a little:
Debt as an asset can be a complex concept, but it's crucial to understand it if you want to make the most of your investment strategy. Essentially, when used correctly, debt can be leveraged to increase returns. But it's important to remember that this strategy comes with risks as well.
It's also important to understand that debt is not always an asset. For instance, if you take out a loan to finance a personal purchase that does not generate any income, the debt is not an asset but a liability. The distinction between an asset and a liability lies in whether the debt generates a positive return for you or not.
When using debt as an asset, it's crucial to have a solid understanding of the investment, the interest rate environment, and your ability to service the debt. This way, you can make an informed decision and minimize the risks associated with this strategy.
In conclusion, debt as an asset can be a powerful tool, but it requires careful consideration and a sound understanding of the risks involved. Used correctly, it can help you achieve your investment goals and generate higher returns.
Hope I made it make sense - If not, the book I recommended to you, will do a better job.