Sam, good points, and I agree for the most part. One thing to consider, however, is that there is a difference between consumer debt and investment debt. If you ever get into real estate investing, which is a great way to generate cash flow and build wealth, you will want to use debt to finance your purchases. As long as the property is stong enough to produce positive cash flow after all expenses, the debt will boost your returns and allow you to own more real estate than otherwise possible.