Those who have ever been in debt would always tell you that debt is never a good experience. To be in debt makes you miserable at all time. It troubles your mind and reduces your status hereby making you feel belittled at every time.
Debt comes with stress and we know what stress could do to our health. Debt pricks the mind and makes us live in fear each time our creditors come knocking. If you want to be free of all things then owe no man. Freedom from debt is what will give you self-respect from others.
When you are not contented at the level you found yourself at any particular moment. And if you want to live above your means, then be ready to create a debt profile that would take time to eliminate.
Do not borrow to impress others. The worst you can do is to borrow for frivolous activities that would add no value to your life. When you learn the value of contentment, you would live a life that is free of debt. Let no one pushes you into owing debt because debt is never a good experience to make you grow in life. It is what will make you remain stagnant for as long as you are in debt.