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When can I call myself debt free?
bigstoo
Posts: 31 Forumite
OK. So I'm a debt-free wannabe. But when can I call myself debt-free?
Is it when the value of my assets exceeds my liabilities?
Or when I'm not paying any loans anymore?
Or when I don't have any debts (including a mortgage)?
I'm either debt-free now (or very close).
Or debt-free in 4 or so years (that includes SLC student loans).
Or debt-free in 34 :eek: years.
(respectively)
Personally, I would say the second option. What's the general concensus on here?
Is it when the value of my assets exceeds my liabilities?
Or when I'm not paying any loans anymore?
Or when I don't have any debts (including a mortgage)?
I'm either debt-free now (or very close).
Or debt-free in 4 or so years (that includes SLC student loans).
Or debt-free in 34 :eek: years.
(respectively)
Personally, I would say the second option. What's the general concensus on here?
0
Comments
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I would go for the second option, thats when I will be considering myself debt free.0
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