Jack Ma Says: If You’re Poor at 35, You Deserve It
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Such smart people seem to lack a basic understanding that the world is a complex place, and social, cultural, and economic forces can have as much a role in shaping life trajectories as one's abilities and ambition.
Or perhaps to put it another way, not all hardships are created equal.
The biggest thing inhibiting them before we worked together was growing up in a situation that seemed hopeless to the point where they couldn't see the path or the opportunity that was there for them.
That part of the problem is that people get conditioned to see their horizon as narrow.
It cost me nothing to help these people (Really, I did give them loans and stuff like that over time, but the real help was not money.)
Unfortunately, our society is focused on the welfare system, but the welfare system never illuminated the path for these people.
Of course, this is based on my experience so it's anecdote.
That said, a friend of mine got a middle class job despite health issues, addiction, and with a somewhat shady past it's just much harder. However, he also had a fairly strong network to fall back on when things where tough which helps.
In both cases they perceived those, and other factors as making the possibility of success unlikely.
I managed to convince them otherwise, because in part, I have a similar background, and because they saw results.
I'm assuming these are things that would not land them in jail (because otherwise you'd need to argue that they won't get caught, which I think is a harder argument.)
I'm not saying you're wrong, but I'm curious if there is opportunity to become rich quickly, without ending up in jail, that I can't think of simply because I have empathy.
I mean, I guess in some jurisdictions it is illegal, so it would be a risky move, but what does that have to do with empathy? Lack of empathy for your future, potentially jailed, self I guess?
A person living in poverty and lack empathy may turn to a life of crime to get rich quickly. Selling drugs, burglary, or prostitution are all path to riches, however illegal or unethical it may be.
Those that go through prostitution may further advance their career by collect their clients information and sell it for money.
So yes, lacking empathy can definitely unlock more paths.
So faced with these opportunities, there are many "psychopaths", "sociopaths", or -- to avoid pseudo-psychological terms -- unethical/immoral people who would not feel the hesitation you and I would feel faced with such possibilities.
There are all sorts of borderline/"grey" opportunities like this available to immoral people. They are unlikely to land them in jail, but they don't hesitate so they make bank.
I have not regretted turning down those chances in the slightest.
The best part about one of them was returning stuff the day after I quit gave me a real life experience of turning up at an office to find the entire area empty. Just like in the movies.
However, there are several things you could do that are legal that average people would consider wrong (e.g. nasty contract tricks that take advantage of the other party not understanding the contract), or that are not legal but probably can't be associated to you specifically (which is how criminal organizations work, it's very difficult to prove that anything is illegal at the top of the pyramid).
Not sure if any of that stuff is useful if your current state is personal poverty, as you still need the opportunity to take advantage of. Poverty IMO is not only lacking the money, but also lacking the opportunity.
- Alter a contract to improve your situation at the expense of the other party
- Always take advantage of discount offers that are clearly loss-leaders, such as gift cards on sale at a grocery store, without buying anything else but the cards
- Eat at the soup kitchen instead of buying your own food
- Tip low
- Exclusively buy property at foreclosure sales
- Either claim credit or ensure that people are more willing to assign credit, especially when promotions are on the line
- Look for connected people to make friends with, even though they are slimy weasels and you don't like them
Or lack a basic understanding of economics.
See: the world GDP divided by world population.
The world GDP divided by world population is a snapshot of the current state of the world today. It's not a snapshot of everybody doing the "right" thing. It's also not a snapshot of everybody doing the "right" thing in 1000 years from now. You are excluding possibilities.
So rich people work their asses off and tend to assume that anybody who works their asses off will have the same result as they do, not realizing that you have to work you ass off, be in the right place in the right time, know the right people, grow up or have experience in the right environment and in general have all sorts of things fall into place in order to achieve a truly meteoric success.
And why so much hatred towards him in this thread? According to him, one of the reasons people lose is:
Lacking understanding
I'm not sure people in this thread are understanding enough. It's a little presumptuous to interpret that advice only as "not knowing things" but not as "not being understanding with people".Or are you saying Jack Ma didn't go through hardship?
Lacking understanding the world is a complex place tends to be found in less smart people than the other way around. So what's your point?
Or are you saying someone who tells the truth, and the truth turns out to be uncomfortable, is interpreted as lacking empathy?
Too high a dosage of anything can be harmful.
it's the beginning of a motivational book in the making.
I think this is actually worse than that.
Strength, smarts and expertise are positives that are generally implied as possible to build or at least quantify.
This is more an absolute negative judgement, shaming even "You have chosen to fail." as if success is as simple as flipping an intangible switch inside.
I think it's hard in general to see the world through another's lens.
I expect the very successful are particulary prone to this as they have both a strong, but narrow 'proof' of their own authority on the matter and an endless supply of people seeking their approval - not the sort to give criticism.
Any empathy based primarily on an understanding of structural constraints and injustice will fall short in soothing the natural and irrevocable cruelty of meritocracy. We have left a difficult question unanswered: do stronger or more productive humans warrant a bigger piece of the world pie?
Note: It is generally bad practice to assume negative attributes about someone just so they are easier to disagree with. It is practically attempting to disqualify an argument without actually having to addressing it.
With that said I do not think it held much water in the first place, but I find it better off just saying that instead of trying to find some fault with the person who wrote it.
At any rate, even the statement he did say is demonstrably not true as there are certainly some people who will have pity. But so what? Someone feeling sorry for you I suppose is nice, but being broke sucks.
"When you have not accomplished anything by the time you are 35, no one will pity you."
This quote could have a much different meaning than the title.
This seems to be a fluffy article stuffed with motivational statements from the author with some short biographies thrown in. It was originally written in Chinese and translated into English. Maybe it didn't carry the message as well in English.
http://en.wikipedia.org/wiki/Sent-down_youth
http://en.wikipedia.org/wiki/Down_to_the_Countryside_Movemen...
Just to add, the original post has been around for months, and I have not yet seen the actual reference to the speech that he was giving in either video or audio, so it seems like a fake post to me. And the wordings are made to be really strong to catch attentions.
Being rich or poor is overrated, this is just another condition like being healthy, or able to read Chinese. Everything can be fixed to an extent, and depends on whichever characteristic is perceived as more valuable to have.
If you live in the USA, made $10 an hour (just a proxy for "minimum wage"), you net about $18,000 after taxes, or $1473 a month. IF you can find a room to rent for $400 a month and spend $300 a month on food etc, that leaves you about $750 a month to save. That's $9,000 a year or $153,000 over 17 years (the time it takes to go from 18 years old to 35 years old.)
That's assuming no growth in your income or returns on your savings over that period.
What's worked well for me personally is, whatever my income, I've tried to live like I had half of that income.
This is easy in some places, harder in others. Impossible in New York City (I think.)
This is also why I think that Remote work is a huge opportunity-- people could live in cheap places while earning an income from companies in expensive places with high value businesses.
EG: Programmers moving to Butte Montana and working for Bay Area Startups.
The unsuccessful similarly gravitate toward the view that each person is a product of factors utterly beyond their control and that success is basically down to which vagina you came out of.
I think that Jack Ma is erring to the former extreme here.
There. I said it.