SavingAdvice.com Blog When you borrow money today, you are robbing your future self of funds you may need. And you may then perpetuate a debt cycle where you generate money by assuming more debt. And as someone who has struggled with debt, I am not judgmental or pompous. The truth is that many of us start life with crushing, unimaginable debt without appreciating the long-term consequences. Consider the unremedied scourge of student loan debt. Student loan debt is not bad within itself. The problem is that young people become psychologically mired in a self-perpetuating debt cycle mindset before they even graduate.