A debt-free life would not only keep you miles away from debt woes and expensive consumer debt relief programs, but also retain your clean credit record.
While many boatbuilding companies are corporately owned and carry a lot of debt, a combination that can create a stranglehold, were fundamentally a debt-free company.
Therefore, once you're debt-free, try to spend on a cash basis going forward, which will encourage purchasing items that are only essential for your circumstances.
