As sharks on ABC’s “Shark Tank,” investors Kevin O’Leary and Mark Cuban . But they do agree on one thing: Getting — and staying — out of debt is one of the best things you can do with your money. Cuban in his 20s and realized that the money he lost to interest outweighed anything he could earn through investments in real estate or the stock market. "Whatever interest rate you have — it might be a student loan with a 7 percent interest rate — if you pay off that loan, you're making 7 percent. That's your immediate return, which is a lot safer than trying to pick a stock or trying to pick real estate, or whatever it may be," he told MarketWatch. He says that paying off all your debt in full is the anyone can make.

"Using a credit card is okay if you pay it off at the end of the month," Cuban told Money. "Just recognize that the 18 percent or 20 percent or 30 percent you're paying in credit card debt is going to cost you a lot more than you could ever earn anywhere else." He’s right: The average return on long-term investments annually, so paying down debt with a 20 percent interest rate effectively earns you twice as much as you would get through an investment alone. O’Leary agrees that eliminating debt is key to mastering your money. "If you want to find financial freedom, you need to retire all debt — and yes, that includes your mortgage," he . O’Leary goes so far as to say that you should aim to have everything paid off, from student loans to credit card debt, by age 45.