A couple of days ago it was revealed that three quarters of new university graduates will never pay off their student loans.
Costing a tidy £9,000 per year, a minimum £27,000 will be clocked up; the average debt totals £57,000. It's painful.
With debts racking up, Elijah Oyefeso dropped out of university, self-taught himself the ins and outs of stock exchange and now claims to earn, on average, £80,000 per month. A bad month will make him £20,000-£30,000 (an entire year's salary to most of us).
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Elijah, who appeared on Channel 4's Rich Kids Go Shopping, claimed he used his student loan wisely to set up his empire.
And, whereas most of us have to work a minimal eight-hour day to get our dollar, he works for one hour max.
Credit :Instagram/Elijah Oyefeso
He now lives in a £5,000-a-month flat in Kensington and splashes out on super cars - his latest being a £125,000 Mercedes GTS.
He told the Daily Mail: "On a good month, I earn between £70,000 and £80,000.
"If you work hard you don't need to look at the price tag, you just get it."
He bought his first Mercedes at the age of 18, and rapidly (understandably) became the envy of most of his friends.
Elijah, originally from Camberwell, London, said: "They've come from the same area and they're still in the same area and went to school in the same area.
"My mum came from West Africa and came with probably £100 in her pocket."
Elijah was studying business management at the University of Buckingham which gave him a leg-up into investing his own cash.
In just nine months he was earning tens of thousands of pounds on the stock market. While being filmed for a documentary, he made £1,000 in just 15 minutes.
Credit: Instagram/Elijah Oyefeso
After three years' experience, Elijah says the key is knowing when to stop.
The millionaire listens to classical music whilst he completes his one-hour trading. He said: "There's a saying, you are who you chill with. I chill with people who have half a million in the bank.
"Earning £20,000-£30,000 a month, in my world that's not good. It motivates you to do more."
Elijah added that he now owns his childhood dream cars: "I worked for it, I got it."
His success has led him to creating his own company, DCT Training Group, which teaches others how to become a stockbroker. The free trial lasts five days but users stump up £107 per month.
"It's to help people learn the basics," Elijah explained. "I tell them to go to this website or read this book."
Featured Image Credit: Instagram/DCT TradingTopics: student