{"id":37092,"date":"2019-01-18T13:49:14","date_gmt":"2019-01-18T05:49:14","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=37092"},"modified":"2021-08-12T12:30:37","modified_gmt":"2021-08-12T04:30:37","slug":"systems-vs-people","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/systems-vs-people","title":{"rendered":"Systems Vs People: Are The Poor Doomed To Be Forever Poor?"},"content":{"rendered":"<p>\u201cPoor people are screwed,\u201d goes this <a href=\"https:\/\/free.vice.com\/en_us\/article\/ev3dde\/most-money-advice-is-worthless\" target=\"_blank\" rel=\"no follow noopener noreferrer\">viral article<\/a>. Not because they\u2019re eating avocado toast, but because they\u2019re struggling with much larger issues: poor job opportunities, high student debt, and crazy living costs.<\/p>\n<p>It looks like there\u2019s no way to escape poverty. So why bother? Why not just forget your troubles for a while and eat some KFC?<\/p>\n<p>On the other hand, we also hear inspirational stories of young people who\u2019ve done great things with their lives. And not just those from rich families trying to sell you something (ugh!) As far as I can tell, these are genuine people who\u2019ve achieved success against all odds.<\/p>\n<p>Both types of people exist. So how come some parts of the population struggle like hell, while others make it to the other side?<\/p>\n<p>Are our positions in life destined, or can we bend fate to our will? Today, we will explore both sides of the equation.<\/p>\n<p>Today we will try to find balance.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is-personal-responsibility-overrated\"><\/span>Is personal responsibility overrated?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You might think this is a personal finance website. It\u2019s not. It\u2019s a \u201chow do I improve my life?\u201d website. I just write about money all the time, because money is so crucial in our lives.<\/p>\n<p>But when I was younger, I was more interested in other personal development things. Like \u201chow to improve your memory,\u201d \u201chow to study better\u201d and \u201chow to jump higher.\u201d (Yeah, every basketball player wishes they could dunk right?)<\/p>\n<p>I could never understand why people didn\u2019t wanna improve themselves. (My memory is pretty good BTW. Though I still can\u2019t jump very high. ? )<\/p>\n<p>This is the core belief of personal development: success in life depends entirely on you. If you want something, take action in your life and do whatever it takes to get it.<\/p>\n<p>With some motivational quotes for fuel of course: \u201cIf you believe, you can achieve!\u201d<\/p>\n<p>But that\u2019s outdated. Instead, my favorite motivational quote of recent times is this one:<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">You are fat because you eat too much<\/p>\n<p>you are broke because you spend too much and don\u2019t earn enough<\/p>\n<p>you are weak because you don\u2019t challenge yourself<\/p>\n<p>you are lower energy because you don\u2019t move<\/p>\n<p>you\u2019re tired because you don\u2019t sleep<\/p>\n<p>your life is your fault<\/p>\n<p>\u2014 Alexander J.A Cortes (@AJA_Cortes) <a href=\"https:\/\/twitter.com\/AJA_Cortes\/status\/1062931259737878529?ref_src=twsrc%5Etfw\">November 15, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>I love AJA_Cortes\u2019 material. I wish I could tweet like him. But the truth is, advice like this isn\u2019t applicable to everyone.<\/p>\n<p>Because what the personal development world won\u2019t tell you is this: sometimes, it\u2019s really not <a href=\"https:\/\/www.imoney.my\/articles\/if-youre-still-poor-at-35-maybe-its-not-your-fault\" target=\"_blank\" rel=\"noopener noreferrer\">your fault<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The-system-makes-you\"><\/span>The system makes you<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The system, the environment you live in plays a huge part in your success. Don\u2019t believe me? Thought experiment: what if you were born in a completely different situation? Instead of being born to middle-class parents in a peaceful country in 1990 where they emphasize education \u2014 what if you were born in the middle of a war-torn country in 1845?<\/p>\n<p>Suddenly, your skills at Microsoft Excel and Instagram aren\u2019t so useful anymore. Suddenly, you\u2019d be a lot more influential if you were physically strong and knew how to use a gun.<\/p>\n<p>Here are two systemic money issues which affect most of us today:<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Jobless-graduates\"><\/span>Jobless graduates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You keep hearing about student loans and jobless graduates. And everyone loves to bash young people who\u2019re lazy and have bad attitudes, right?<\/p>\n<p>But what if it\u2019s only partly their fault? What if the system is failing our young people? What if I told you that every year, <a href=\"https:\/\/eduadvisor.my\/articles\/what-didnt-know-fresh-graduate-unemployment-malaysia-infographic\/\" target=\"_blank\" rel=\"noopener noreferrer\">200,000<\/a> hopeful youths graduate in Malaysia, but 20% of them end up jobless? Look at the numbers and maybe we\u2019ll understand why:<\/p>\n<p>200,000 university graduates enter the job market every year. We have to find work for them<br \/>\nBut the retirement age keeps getting higher: People are staying in jobs longer, whereas in the past they would have retired (or died) and presumably, some young person could have a position at the bottom of the chain<\/p>\n<p>The economy isn\u2019t doing well. Less jobs are being created overall. Some companies are replacing workers with technology. Some are closing down<\/p>\n<p>For sure, I\u2019ve met many young graduates who are terrible. (Last week I scheduled two interviews \u2014 neither candidate showed up.) But what if the economy does worse in five years, and you\u2019re part of the one million young people who\u2019ve just graduated?<\/p>\n<p>No matter how excellent you are, you might still struggle. Not because you\u2019re not good enough for a job. Because there are no jobs left to be good for.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Poor-people-income-inequality\"><\/span>Poor people &amp; income inequality<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Rich people think people are poor because they make bad choices. I used to think so too. It\u2019s easy to sit in a position of privilege and judge.<\/p>\n<p>But I\u2019ve learned that most people are poor because they\u2019re caught in a cycle of poverty. To explain, let\u2019s look at the hypothetical example of Sam:<\/p>\n<p>Sam\u2019s parents are uneducated, so they don\u2019t know about family planning. She has three brothers and four sisters. Her father works in an old factory, and her mother sells rice in the afternoons. Money is tight, so she goes directly from school to her mother\u2019s stall to work. When she gets home, she helps take care of her younger siblings.<\/p>\n<p>In the evenings, she tries to finish her homework but she\u2019s too exhausted. She barely passes her SPM <a href=\"https:\/\/www.mr-stingy.com\/regretted-straight-as\/\" target=\"_blank\" rel=\"noopener noreferrer\">exams<\/a>. Sam\u2019s more-privileged classmates will go on to university, but due to her family situation, Sam starts working full time at 18.<\/p>\n<p>She takes a mindless job that requires no qualifications. With her small salary, she will face multiple challenges: the rising cost of living, her parents\u2019 increasing medical bills, and her siblings\u2019 education costs. At 25, working two jobs and with two kids \u2014 she envies her friends who\u2019ve graduated and have good jobs. She has no savings, as every cent of her salary needs to be used.<\/p>\n<p>Sam is heavily in debt; one emergency away from a personal financial crisis. She will struggle with money all her life. So will her children.<\/p>\n<p>You\u2019re reading this, so you\u2019re probably not Sam. But you know what\u2019s the scary thing?<\/p>\n<p>The way this capitalist world is going \u2014 the richest 1% is getting a lot richer, but everyone else, including the middle class and bottom 40% are struggling to keep up.<\/p>\n<p>If we don\u2019t change anything, we\u2019re gonna have more and more Sams.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How-to-find-balance\"><\/span>How to find balance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u201cWhy are you making excuses for poor people, Aaron?\u201d<\/p>\n<p>\u201cIf we keep telling people that it\u2019s not their fault, isn\u2019t it more dangerous? What\u2019s their incentive to change then? What if they decide to just accept their fate and live a poor life till they die?\u201d<\/p>\n<p>That\u2019s not where I\u2019m going. I\u2019m still the optimist who believes people can change their destinies. What I am asking is for everyone to take an honest look at the systems we live in.<\/p>\n<p>If belief in systems vs personal responsibility can be put on a scale of 1-10, with 1 being \u201cI can\u2019t do anything \u2014 its impossible since the system is like this,\u201d and 10 being \u201cF*ck the system, I can do anything I want,\u201d I\u2019m still a solid 8.<\/p>\n<p>The system will absolutely affect you. You don\u2019t get to change what kind of family you\u2019re born into, the current economic situation, or the market demand for engineers. Heck, you can\u2019t even change the decisions you made yesterday.<\/p>\n<p>But moving forward; today, you have choices. Choices that will affect the rest of your life.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How-to-macro-change\"><\/span>How to macro-change<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>My wise ex-boss once told me: \u201cThe best way to make changes is to go into public\/civil service.\u201d For a long time, that sounded bizarre to me. Why would an ambitious person like me go mess about in that ditch of incompetence?<\/p>\n<p>Sorry for my arrogance, but I realize it now. It\u2019s much easier to live for yourself. To accumulate wealth for your own family and ignore the millions of your neighbors who\u2019re struggling with money.<\/p>\n<p>It\u2019s much harder to try and change the <a href=\"https:\/\/www.mr-stingy.com\/7-traditional-life-ideas-dont-make-sense\/\" target=\"_blank\" rel=\"noopener noreferrer\">systems<\/a> that have punished large sections of society, and enriched only a few.<\/p>\n<p>It\u2019s also far more rewarding.<\/p>\n<p>This isn\u2019t to say that all of us should become politicians or join the government. But I think that each one of us can do our part to help. You might not be in a position of power, but you can at least vote for good economic policies.<\/p>\n<p>And maybe those of us who are rich need to start helping our poorer brothers and sisters more.<\/p>\n<p>\u2013 \u2013 \u2013<\/p>\n<p>Systems are powerful. They\u2019re why our human race has thrived so long and you\u2019re here today. They\u2019re also imperfect, get outdated, and need to be changed when they fail.<\/p>\n<p>On their own, people are weak. But together, they can create powerful systems that shape the world.<\/p>\n<p>The system might be against you right now. You might feel there\u2019s no way out of your money difficulties, no matter how hard you try. But if those with privilege and power work for it, I believe we can create systems that are fairer and better for everyone.<\/p>\n<p>I also believe in you.<\/p>\n<div class=\"block\"><div>Aaron Tang is the founder of <a href=\"https:\/\/www.mr-stingy.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">mr-stingy.com<\/a>. He writes about optimising time, money, and relationships \u2013 to make the most out of life.<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Poor people are screwed.<\/p>\n","protected":false},"author":41,"featured_media":37095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[256,218],"tags":[367],"class_list":["post-37092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","category-money-management","tag-mr-stingy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Systems Vs People: Are The Poor Doomed To Be Forever Poor? -<\/title>\n<meta name=\"description\" content=\"Are you responsible for making the system controls the poor? 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