I grew up as lower middle class, and so did my wife. We are doing well financially but we both have a huge aversion to debt which means we save and buy a lot o

I grew up as lower middle class, and so did my wife. We are doing well financially but we both have a huge aversion to debt which means we save and buy a lot of things in cash even when it's not an advantage. I know this is an artifact of us growing up lower middle class and dealing with the issues that brings. Many of our friends are much more comfortable with high levels of debt compared to income, but there is nobody my wife and I could turn to for money if we really needed it. We have 3 kids, and eventually I want them to be able to take the financial risks we can't. I'd like to see how high they can fly when they've got what they need. I think all parents want that for their kids, even if it's not fashionable to say so.