The perspective is really a personal one and as someone who has paid off well over six figures in debt (not the mortgage yet) I can testify that life has much less tension without debt than with it.

Entrepreneurs like yourself seem to have a higher risk tolerance for debt. Someone in danger of losing their only income source (such as a job) generally wishes to lessen their personal risk profile by “avoiding debt like the plague.”

I haven’t read Debt is Slavery but just judging by your bullet points it appears that the author has committed a logical error in assuming that all debt is bad instead of making the justifiable point that debt is bad when you go into debt for consumable depreciating assets:

“# Stop spending money needlessly on things that will become obsolete, things you really won’t use, things you really don’t need, and things that will never love you back.
# Avoid debt like the plague. ”

Of course, the many different caveats about when debt is good should have been added because it does not necessarily follow that just because we should “Stop spending money needlessly on things that will become obsolete, things you really won’t use, things you really don’t need, and things that will never love you back.” that we should then “Avoid debt like the plague. ” – of course if all that we spend our money on is needless things then yes but there are many things like business assets, educations, and other things that are assets that potentially appreciate and produce cash flow that we definitely can and often should use debt to acquire.

I have not read Rich Like Them but I think you just convinced me to check it out!

Thanks for sharing!