Quick tip - Don't get into debt

OK, I know this is somewhat intuitive and self-evident but I am currently working on a much longer more detailed post on why Money is debt. The Video Money as Debt - has opened my eyes and I think it would be beneficial to open others as well.

Bottom line - don't go into debt - if you are in debt get out.

I have a co-worker friend who I would say is relatively financially savvy. However, we differ greatly on our debt-tolerance.

My opinion - that I've formed over the last several years - is that any type of debt should be gotten rid of as soon as possible.

Her opinion - is that people can still make money and sometimes achieve a lot better returns by investing the money they would have spent on debt into say the stock market
or other investments.

My argument for today would be - did you see the 360 points the Dow dropped today?

Bottom line - get out of debt & stay out of debt.

(I think I have the first part mastered - it's just the second part I'm having trouble with. )