Is It Better to Be Debt Free Than to Carry Any Debt?

"It's better to be debt free than to carry debt, any debt at all," Paul O'Neill says. "Your most powerful wealth building tool is your income until you have a net worth and exist at $10 million." A recent study of millionaires found that they hate being in debt but don't use OPM or other people's money for it. 'Most of them started with nothing, became millionaires, and a Paul debt. They hate it.'