debt freedom
Owing nothing anymore
Debt freedom is the state of owing no money to creditors—having paid off mortgages, student loans, credit cards, and other obligations.
The term appears frequently in personal finance contexts, where it represents a milestone goal: We finally achieved debt freedom after fifteen years of aggressive saving.
The concept carries connotations of liberation and financial independence.
- financialRelating to money
- liberationRelease from constraint
- mortgageSecured home loan
- student loansBorrowed funds for tuition
- credit cardsBorrowed-money payment tools
payoff · bills · relief · savings · budgeting · sacrifice · baby steps · celebration · weightless · breathing · peace · independence · frugal · snowball · creditors · clarity · prosperity · wealth
- life goalscareer, get married, world peace, purpose, aim
- uplifting storiessuccess story, comeback story, underdog story, redemption story, survival story
- Financial Independenceearly retirement, passive income, nest egg, savings rate, net worth
- Money Beliefsfrugality, materialism, consumerism, thrift, financial independence
- achievementsaccomplishment, achievement, accomplishments, achievements, triumph
- Prosperity Gospelprosperity gospel, televangelist, televangelism, megachurch, seed money
debt freedomindebtedness
State of owing money
debt burden · debt bondage · financial obligation · in the red · encumbered
debt freedombankruptcy
Legal status when insolvent
insolvency · financial ruin · financial distress · financial collapse · foreclosure
debt, freedom, debts, debtor, debtors, indebted, indebtedness, free, freely