By Jon S. Strebler
In the financial planning field, we tell people that going into debt is by itself neither good nor bad. There are a number of criteria that make borrowing money either wise or unwise; perhaps the most important of those is the purpose of the loan. From a strictly logical, monetary point of view, borrowing to pay monthly bills, go on a vacation, buy a new bass boat or jewelry for your spouse is probably not well-advised. On the other hand, borrowing to expand a profitable business, to purchase a residence or certain other solid, physical assets may well be a very good idea.