There’s a personal finance cliche that debt is the devil.
This makes sense to me when it comes to onerous debt like carrying a credit card balance.
But the more time I spend in wealth management the more I realize that the intelligent use of debt can make sense even if you have a high net worth. Lots of rich people use debt as a tool.
When Mark Zuckerberg bought his California home, he took out a 30-year fixed-rate …