Do not start on a life of debt when in college

NAIROBI, KENYA:

Old habits die-hard. If you adopt bad habits like drugs and binge drinking while in college, for instance, it will be an uphill task to root them out as you grow older.

Another habit that I have noticed stalking many young people after college is a life of debt. There are students who, in a bid to keep up with life on the fast lane, begin accumulating ‘innocent’ debts that spiral out of control in due course.

The situation has been made worse by the readily available digital loans. People are ordinarily advised to take a loan to invest or in case of an extreme emergency. However, it is not uncommon to see people abusing the privilege, from time to time. Contrary to their expectation, most start being hooked from an early age and soon they have numbers of every shylock in town and are badly indebted. In the end, they begin the dangerous path of playing hide and seek with creditors, or worse resort to conmanship.

Avoid this route. It is dangerous and ruinous. Learn to live within your means. Avoid the temptation to have the best and latest phone, to wear rock star clothes or hanf out in the swankiest clubs in town.

Resist the urge to compare yourself with those from well-off families or those into questionable deals. You need to have a fine understanding yourself, stay in your lane and know that if you work hard in good time, you will enjoy these things in the long run.

Debt can be addictive and it is a hole that once you start digging, will be tough getting out. You might be forced to take on more bad habits like gambling, gold-digging, sycophancy and other dignity-robbing actions to sustain your life. Always remember this