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7 steps anyone can take to get out of debt

KATHLEEN ELKINSMar 9, 2016, 00:05 IST

Flickr / Cristian Bortes

Kanye West recently claimed that he's deep in personal debt: about $53 million worth.

That's a lot - although frankly, it's not that big of a deal for the rapper whose tour earned $25 million, the second-highest grossing of 2013.

Kanye has his options, but for the rest of us, what is the most efficient way to dig out of a financial hole?

We asked John Gajkowski, a certified financial planner at Money Managers Financial, for debt-repayment tips and strategies for those of us who aren't Kanye West: