What is Zero Debt and How Does One Achieve it?

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Zero debt can be defined as the process of achieving financial independence. Financial refers to anything that concerns the managing of money. Financial independence means freedom from outside assistance. Therefore, financial freedom can be simply defined as the ability to manage your own finances without the assistance of a third party individual or organization.
Zero debt is normally determined by the debit to credit ratio. If the debit level is high and the credit level is at a zero, you can be sure that you are experiencing zero debt. This is because the term refers to people who have no debts and still have a level of debit. In banks, the money that you have in your account is normally referred as a debit.

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