There’s no question that avoiding debt involves a certain amount of sacrifice, but it is not as difficult as you may think. Then again, when everyone around you is buying things they can’t really afford, maybe you’re not sacrificing anything except trying to fit in - and running the rat race with the Joneses is no way to become wealthy, anyway. Although you’ll have to go off the beaten path to live a debt-free life, the peace of mind and financial security it can give you may be well worth the extra effort.