Been debt free since around 25. Bought a house with roughly half down and paid it off in a couple of years. Had a waterbed, an old couch, TV, kitchen table and chairs. TV sat on a speaker, naturally I had a stereo. Car I bought for $200. went on a bit of a drunk for a few years after that to celebrate. Retired now. Could have done a little better with some investment decisions but did alright. Grew up without and I made up my mind my kids will not. Never had kids though. Nieces and nephew might get some if I don't live to a ripe age.