<prompt> Human: I just reached a milestone in my personal finances, and it got me thinking about the definition of debt free.The only revolving debt I have is my primary credit card Cap1 Venture which we use for everything we can. Ive never pay any interest on the card, but I also have never paid it off to zero I usually have around 3000 of statement balance which I pay off by the due date, but can have 5000 total balance...again, no interest is paid, its just rolled over to the next statement. However, I paid that sucker to 0 my last payment.My wifes car is paid off, my truck is a work truck and the very affordable and very low interest loan is a business expense. I have other credit cards which have no balance and I dont use. My only other debt is my mortgage.I owe 60K on a house valued at 150K, and the interest rate is fixed at 2.88.So my question is...am I debt free? I guess its a matter of interpretation, and I CERTAINLY FEEL like I am debt free...but does my mortgage have to be paid off before I can say Im debt free?And yes, some of this is bragging as well...wasnt too long ago my credit score was shit and I had maxed out credit cards.  <response>: No, youre not debt free. Sounds like you have a car payment and a mortgage still. What you are is financially stable. You can easily afford your debts without worry. Its a great place to be for sure, but its not debt-free. 