HOW DEBTS WORK AND HOW TO ESCAPE THEM.

 DROWNING IN DEBT? READ THIS!


Ever felt like no matter how hard you work, your money disappears before you even touch it? That’s the debt trap and you’re not alone. 


Let’s break it down:


What is debt?

It’s money you borrow that must be repaid with interest. It grows while you sleep!


Types of debt:


Good Debt: Builds your future (education, business, real estate).


Bad Debt: Steals your future (credit cards, payday loans, impulse buys).


Why it feels never-ending:

Because of compound interest and the minimum payment trap. Making small payments keeps you locked in for years while banks cash in.


But here’s the good news:

You CAN escape. Here’s how:


1. Know your numbers. Write down everything you owe.


2. Create a realistic budget. Cut the fat, keep the essentials.


3. Pick a strategy:


Snowball = small debts first


Avalanche = high-interest first


4. Boost your income. Sell what you don’t need or start a side hustle.


5. Avoid new debt like fire.


Financial freedom isn’t a myth. It starts with knowledge and action.



Comments

Post a Comment

Popular posts from this blog

From Addiction to Freedom: A Guide to Stopping Gambling for Good

 Gambling can start as fun,a casual bet here, a quick win there. But when it spirals into addiction, it can drain your finances, strain your relationships and shatter your peace of mind. If you’re reading this, you might already feel like you’re drowning. But here’s the truth: you can take control again. It won’t be easy, but it will be worth it. Here are practical and powerful steps to help you stop betting and reclaim your life: 1. Acknowledge the Problem The first step is the hardest admitting that your gambling habits are out of control. You don’t need to hit rock bottom to start climbing. The moment you recognize it’s affecting your life, you’re already on your way to healing. 2. Understand Your Triggers Is it boredom, stress, loneliness, or the thrill of winning? Identifying what drives you to bet helps you create better coping mechanisms. Start journaling your emotions every time you feel the urge to gamble. Patterns will begin to emerge and they’ll show you where the real w...
Read more

What to Avoid During Maandamano (Protests) in Kenya

 ✊ The Power of the Streets, With Caution In Kenya, maandamano (Swahili for protests) have become a powerful voice for the people, especially among the youth. From demanding justice to defending democracy, these protests symbolize a new generation refusing to stay silent. But let’s be honest  maandamano can turn chaotic in seconds. So whether you're participating actively or just caught up in the wave, here are 10 critical things you must avoid during maandamano to protect yourself and those around you. 🚷 1. Don’t Join Without a Plan Always know: Where the protest begins and ends. Your nearest safe exits. Who you’re with  never go alone. Planning isn’t fear it’s strategy. You can’t lead a revolution if you're missing. 👕 2. Avoid Wearing Political Party Colors Maandamano can be emotional. Wearing party-specific colors (like red, blue, yellow, or green) might make you a target or cause unnecessary conflict. Stick to neutral clothing  it’s safer and smarter. 🚓 3. Don...
Read more

Why the Death of Sudan — the Last Male Northern White Rhino Is Not the End of an Era, but the Beginning of a Comeback

In 2018, the world watched with heavy hearts as Sudan, the last known male northern white rhinoceros, took his final breath at Ol Pejeta Conservancy in Kenya. It was a powerful and painful moment. With only two females left — Najin and her daughter Fatu — many believed this marked the end of the northern white rhino species. But what if we told you that Sudan’s death didn’t close the chapter  it opened a new one? Thanks to incredible scientific breakthroughs and the unwavering dedication of conservationists, the northern white rhino is not extinct. In fact, the journey toward its revival is already underway and it’s happening right here in Africa. 🧬 From Loss to Legacy: How Science Is Bringing Rhinos Back Before Sudan passed away, scientists had the foresight to preserve his sperm. At the same time, they collected eggs from the two remaining females. Although Najin and Fatu are unable to carry pregnancies themselves, their reproductive cells were still viable. Using in vitro ferti...
Read more