Wednesday, November 18, 2009

What is debt free status?

Before you can achieve financial freedom, you may try to obtain your debt free status first. It is an easier goal to achieve, once achieved you will be more motivated to work toward your own financial freedom.

Debt free does not mean you do not have any debt. As long as your passive income is more than all your debts, then you have already obtained your debt free status. So try to cut down on unnecessary bad debt and build up your passive income. Sooner or latest, you will be able to achieve your debt free status.

I have already achieved my debt free status, and will slowly gear toward financial freedom.

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Have you started your journey towards financial freedom?