It is not easy to debt free with how difficult the economy is many countries, but at the same time it is possible to be debt free if you live a very planned life and make sure that your expenses is not more than what you earn. If you are debt free, it does not mean that you have never borrowed sometime to sort some bills, but what it means to me is that you are credit worthy and always quick to settle a debt whenever you have it. You plan your life well so you do not owe any debt.