[maxxxxx]

"then ended up with thousands of dollars of credit card debt a few years later because they got carried away. No thanks. "

That really isn't necessary. I haven't paid a single cent in interest in 18 years. Get the credit card, buy a few things, pay it off and throw the card away.

If you have a business you most likely have the discipline to not be stupid.

[danenania]

I know it isn't necessary--just pointing out that pride often goeth before fall with these things, and since people who are otherwise financially successful are unlikely to admit to these kinds of problems, it's easy to have a skewed idea of how common they are. I know people who are financially savvy, business owners, etc., but still have had debt troubles at various points in their lives.

[maxxxxx]

Probably true. After all, being in debt is the "American Way" :-)