@Latte31 - I wanted to add that I worked for a company that was very financially solvent. They had a lot of cash on hand and were really careful with their spending. They did not waste resources and ran a tight ship. They were very profitable.
I think that this is similar to a family that sticks to s personal budget. I think that people that are careful with their spending and control impulse purchases and plan what they will spend their money on would also yield the same results. I like to listen to a financial show on the radio in which people call in and many are debt free. They have paid off all of their major bills and some have even paid off their mortgage.
These people are thrilled because now that they have no major bills and they can take control over their lives and maybe consider changing a job that they disliked because now they are financially solvent and that provides a person with a lot more choices in life.
Having a lot of bills really makes a person feel trapped.