It is for having the money now to pursue opportunities that will make it back with interest.

  • Buying an education on credit is worthwhile because you make more money.
  • Buying a couch on credit is stupid because there is no opportunity.
  • Buying a car with credit could turn out either way. If you can keep a job as a result, it makes sense. If it merely makes you feel good, then it doesn't.


So ask him what the opportunity is. If he doesn't have a good answer, then cut your losses.

Cheers,
Ben