Journey To Success

What’s the Quickest Way to Get Out of Debt? ‘Stay in Debt,’ Says Financial Expert If debt were bad, we wouldn’t have many rich Americans, says investment adviser and financial planner Ike Ikokwu. “The three most common ways people in this country get rich all involve using debt,” he says. “They use it to launch businesses, invest in real estate or pay for advanced degrees in order to become high-income earners.” Ikokwu, author of “Winning the Money Game: Separating the Myths from the Truth,” (www.winningthemoneygame.net) says admonishments to “stay out of debt” are just one of the myths that prevent people from gaining financial independence. “My definition of being ‘debt-free’ is to have enough money so that you can pay off your debt at any time – if you need to,’’ he says. “But you don’t necessarily want to do that. Good debt can save you money on taxes, increase your investment gains and allow you to take advantage of wealth-building opportunities. Bad debt, on the other hand, is like having a big hole