In general debt indicates a lack of self control. I’m not talking about a mortgage to buy a home or loan for a vehicle, but when you start borrowing money to pay for electronics, furniture, etc. it shows that your spending has gotten the better of you.
Debt can be a tool that you can use to help yourself (as in the case of a prudent purchase of a house) or it can be a knife that you use to stab yourself in the back (as in the case of racking up huge credit card bills on an expensive car stereo). If your networth is not increasing with time, it is probably an indication that you are not exhibiting self control in your spending. There are many people whose net worth decreases over time as they go further and further into debt–spending money on things with rapidly depreciating value.
Make sure you use debt as a tool that works in your favor, otherwise it will come back to bit you in the future.
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