> Do you currently carry a lot of short-term or long-term debt? Nope: Mortgage + car < 20% of income. Enough savings for 2-3 years of frugal living if the bot

> Do you currently carry a lot of short-term or long-term debt? Nope: Mortgage + car < 20% of income. Enough savings for 2-3 years of frugal living if the bottom dropped out, and could (for some unimaginable reason) not find other employment. Vacations on cash, not credit. Never finance "toys", things like TVs. I watched peers (in terms of age), go right into things like multiple car payments + high mortgages + student loans + kids right out of school, and were thus mostly working to pay off debt, and never really get out of it. Unnecessary financial pressure can be crippling.