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“…Justice, the problem no be to rent house, na to renew the rent be the problem…” That was how Mr Jay responded when I begged him to help me look around his neighbourhood for a good apartment I could rent as I just got married and needed a better place for me and my wife. I later got to discover that Mr Jay was not the only one that held that opinion, most people actually believed that statement and I have come to see that the opinion is popular because of what many have seen and encountered in the area of rent payment. Rent is not a new word and therefore does not need to be defined here (my opinion). Every one of us is either leaving in a rented apartment, owns an apartment which people are living on rent, or knows any of the parties mentioned above. Stories of fights between landlords and tenants over the inability to pay rent as and when due are all around us. Come to think of it, is rent payment actually supposed to be a problem? Yes I understand the unpredictability of life’...

First of all, let us even try to get a simple definition of the word ‘debt’. It is an amount of money borrowed from one party to another . There are other forms of debt that are non-monetary, but we are dealing on the part that has to do with money. The definition above keeps the issue of debt pretty indifferent, i.e it is neither good nor bad. It is just an exchange of money between two parties with a promise for repayment from the collecting party to the giving party. Simple right? Not necessarily. If you have followed the other articles(quote) in this series, you would understand that statement better. The problem I have come to discover most times is not in the collection, it is in the paying back and that to me most likely is the reason debt has become a big issue. But does that mean that we shouldn’t borrow money? Are we now saying that we do not need to leverage on other people’s money (OPM) to take advantage of some opportunities in life and solve some problems where we lack t...