This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
For people who are addicted to obtaining more degrees
They delay becoming financially independent, and they consistently struggle to support themselves. I’ve been surrounded by this type of person frequently. They’re smart as hell, but they never seem to master the financial aspect of their lives.
Someone recently told me, “I need my coins.”
They have almost ten degrees but don’t have stable incomes, a job, or savings. Furthermore, they’re up to their knees in debt.
It constantly makes me wonder, is all that education really worth it if you’re still not doing anything with it yet?
Now, this person is thirty years old, and they don’t even have an emergency fund, which also means they definitely don’t have any investments.
Their parents have had to put their name and social down for every car note, they can’t afford to pay their own rent, and they’re constantly limited in what they can do and where they can do it.
The worst part is they’re one of the most educated people I know.
At some point, they will have to wake up and realize that getting more degrees isn’t going to make them more successful or financially sound.
That process has to start today.
Many people are addicted to school, which is okay if it remains a responsible addiction.
What does a responsible addiction to school look like?
Responsibly Be Addicted To School
Build and Maintain An Emergency Fund: Set aside a minimum of three to six months of expenses, so in the case, you lose an income source, you’re covered for a set period.
Don’t Run Up Credit Card Bills: I’m incredibly grateful for not getting my first credit card until after graduating college. I could’ve used that credit card big time during college, but I’m glad I didn’t, or I could’ve found myself in financial trouble as many students do.
Maintain Consistent Income: There are many scholarships, grants, and part-time and full-time gigs for students. When I was in school, obtaining three degrees, I worked the whole way through it. Those getting multiple master’s degrees, PhDs, etc., can do the same. If you don’t have the mental, emotional, and physical capacity to work – due to your academic load – aim for grants and scholarships so you don’t have to work, but you’re also not collecting debt. Don’t forget about free academic programs, either!
Spend Time Self-Educating: Understandably, much of your time is allocated to studying. However, try to invest a few minutes daily to learn about personal finance – even if it’s only five minutes. The more you learn about money, the better your financial situation will evolve.
Invest Now: Don’t wait until you finish school to start investing. For school addicts, this day may never come. Start investing asap, so while you’re studying, you’re also building wealth.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.