I have had slower growth than some of my competitors because I pay cash for everything. Some say that is a bad business decision, but now they bounce checks with all their vendors or flat out don't pay them. What is the point of doing millions when you don't have a good take home? I want to grow a little slower watch that profit margin like a hawk.
And to me, my quality of life is just plain better with no debt. I am currently trying to pay off my house. I payed off my house prior to this one and my shop, and then I had to go and buy a mcmansion.
I agree with Ramsey the new status symbol isn't a bmw, it is lien free house.