JAXFL wrote:
How are you all debt free? I owe nothing but am not debt free...
There are insurances, taxes for the properties, and unities... I think of all these as debts. Every month someone of these companies get some of my money.
Just saying debt free means I keep all that comes in and live with no costs.
Insurance and (some) taxes are generally paid in advance, and so not debts. Utilities are likely debts, in a technical sense...I think that's what you meant by unities.
I suspect most people who are debt-free really mean that they are carrying no long-term debt: no mortgage or car loans, paying off the credit card in full every month, etc. It's very hard to live without having any debt in a purely technical sense. You're in debt for a short while at least every time you eat at a sit-down restaurant where the bill is paid after the meal is consumed.