New Delhi, July 16 -- Living entirely debt-free sounds like the ultimate financial milestone. No monthly payments, no interest charges, and zero money-induced anxiety. However, the reality of building long-term wealth is far more nuanced. Shunning all forms of credit is not only highly impractical for most, but it can actually stunt your financial growth.

Before you vow to never borrow another rupee, here is a realistic look at how to make debt work for you-not against you.

Treating all debt as an equal enemy is a costly financial mistake. The impact of borrowing depends entirely on what the money is used for:

It is a common instinct to throw every spare rupee at a home loan to wipe it out. However, the math tells a different story.

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