Debt isn’t the problem — your perspective is. Learn to flip the coin.

By Camilo Rodriquez | WBN News | April 29, 2025

Let’s talk about a four-letter word that causes more stress than your Wi-Fi crashing during a Zoom presentation: DEBT.

Depending on your upbringing, culture, or the financial guru you once followed on YouTube at 2 a.m., you’ve probably already picked a side:

“Debt is evil! Run!”
or
“Debt is fuel! Use it!”

Personally? I see debt like fire.

Used properly, it keeps you warm, helps you cook, maybe even builds an empire. Used recklessly? Say hello to a financial barbecue where you’re the main course.

Here’s the truth: Debt isn’t good or bad. It’s a TOOL.

Like a knife — it can be used by a doctor to save a life… or end up in a headline with red ink in a murder case. Same tool. Different result.

Debt isn’t good or bad. It’s a TOOL

So what really matters?

How you THINK about debt.

Your mindset is either building a ladder toward wealth or digging a hole to live in. And most people don’t even realize they’re holding the shovel.

Scarcity vs. Abundance: Flip the Coin

As a mortgage broker, I hear the same question every day:
“What’s the lowest mortgage rate I can get?”

Translation: “Please tell me I’m getting a deal so I can sleep at night.”

But here’s the problem — that’s a scarcity question.
You’re focused on saving pennies, when the real opportunity is building long-term wealth.

A better question would be:
“How can I use this mortgage to build wealth?”

That’s the abundance mindset. Let me share my personal Coin Analogy:

Every situation has two sides — like a coin.

Heads = stress.
Tails = opportunity.

And you get to choose which side you focus on.

Most of us were raised with money messages like:

• “Money doesn’t grow on trees.”
• “You can’t serve both God and money.”
• “Rich people are going to hell… and they’re driving a Lambo to get there.”

Meanwhile, here we are in 2025, walking around with $1,000 smartphones and AI in our pockets, while the financial pie keeps expanding.

In 1925, global wealth was around $15 trillion.
Today? Over $500 trillion — and growing faster than your uncle’s crypto predictions.

The world isn’t running out of opportunity.
You don’t have to take someone else’s slice.
You can bake your own pie. Flour, oven, recipe — all available.  Debt can be your TOOL.

So next time you’re thinking about your mortgage, stop asking:

“How low can I go?” (This isn’t limbo night.)
Start asking:
“How high can I grow?”

Your answer might just flip your financial future.

Camilo Rodriguez is the founder of MortgagesLab and a senior mortgage broker with over 22 years of experience. He leads a team of trusted professionals across Canada and is the past President of the Canadian Mortgage Brokers Association – BC.

Contact 604.308-1721 - camilo.rodriguez@mortgageslab.ca

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