Debt can be a convenient and easy way to finance anything you like. The money comes easy and cheap and little work has to be done to attain it. However this is also a problem with Debt. Because Debt is so easy to attain it isn’t always invested wisely leaving people with debt remorse. Suppose that you borrowed money to buy a boat. You bought the boat to get to work because you happen to live on an island. This boat would be a good investment as it provides you a return which is the ability to live on the island and provide for yourself. Now suppose you bought the same boat on credit for the purpose of water skiing one week a summer and the rest of the time it rots in your suburban driveway. While memories are great, this may not provide that great of a return for the cost. Boats require a lot in maintenance making them an ongoing expense unless they are providing a return it may be better to borrow or rent. Borrowing for memories is living beyond your means and is made possible by the lack of oversight that lending provides. This is a consequence of Debt that dampens lasting real wealth creation.