Thoughts · Traditional Values

A Better Economic Future Pt 2: Step Out Of The System

high_res-1.jpeg

In my earlier post, I detailed how, the way our current economic system is set up, especially in the West – is setting up for higher prices, lower wages and more and more time sucked out of people’s lives. Taking them away from home and their children.

I’m really sore about that – since I truly believe in the adage that people work to live, not live to work.

Though in today’s society, I think most people don’t even really understand what ‘work to live’ means. They think it has to be a lot more work as a normal standard to live.

So what can we do about it? It’s really simple.

Step out of the system.

My father always says, when you stick your flag down, no matter where it is, you stand by it. No matter what.

I make fun sometimes of vegans (How can you not eat meat? Kidding, eat what you want!) though one thing I always give them credit for is that they stand by what they say. They are vehemently opposed to the cruelty they see in killing animals for food. While I do not agree, I would not stop them, ever, from choosing not to participate in a system they do not believe in.

Do you believe in lower, stagnant wages?
Do you believe in high house pricing (not inflation)?
Do you believe in wanting more work hours?

No?

Then stop contributing to it.

Here’s five ways to stop feeding this black hole of a system.

1. Don’t buy a house.
I’m starting to think this is a more Asian/immigrant thing, though we really don’t believe in leaving plenty of money/property to our children. Once I consulted with my Asian friends and looking at my situation, all our parents will ever leave/give us is 50k max. As a startup to help with a down payment or whatever we want. No more freebies. Asian parents truly believe in teaching your children how to make money out of nothing and save rather than handing them assets. How to start a business and make your dollar stretch.
Is rent money down the drain? If you look at it in the long term, it is a lot less hassle to rent rather than to own a home, with all its side fees. Think about how long a mortgage will eat away at your money, how many years you’ll be a slave to it. If by any chance anything does happen to you in the meantime, it would be all for nothing.
Think of it this way, the more and more people don’t buy and start renting, the stronger the voices of renters could be, they can demand more tenant rights and the market will be forced to lower house prices to get people to buy. Why not take advantage of them then?

Also, spare a thought for living overseas, somewhere that would be cheaper.

2. Don’t use a credit card.
Seriously, stop feeding the debt industry. Unless you are using the credit card in a terribly efficient way (long-term no interest purchases, very small purchases just to increase your allowance, to get benefits for loyalty that outweigh the costs, etc) stay away from the credit card. Debit cards are your friend and lets you know exactly what you have and what you can spend. Start setting monthly budgets and allotments for yourself, no impulse spending.

3. Don’t buy a car unless you really need it.
Car-sharing is the new trend. As long as you have a full license, schedule your trips into a combined one and share a car or take public transport. Share costs or borrow vehicles from friends and family. There are definitely situations where cars are needed, though if you can downsize, that will help you financially (up to 20k a year) and give you more time when you’re not worrying about insurance, repairs or maintenance. Oh and cleaning.

4. Don’t pay attention to ads and the news when it comes to these topics.
Watching fear-mongering shows such as 60 minutes or four corners will only scare you more and more into giving in to the economic system. Topics and headlines about rising prices, less security, trouble with banks and scams are there to terrify you into taking the ‘safe option’ that will ultimately take more out of you. Trust the judgements of friends and family around you who didn’t get conned by trends and ultimately got a better deal. Sometimes it is better to observe what is happening to people you know rather than the flashing headlines on old people talk shows. Observe the market with your own research.

5. Don’t get greedy.
I’m not Christian, I’ve mentioned that before, though did you know that in medieval times, the Catholic medieval times before the Protestant takeover, earning much more than you keep was seen as a sin?
The sin of avarice.
The sin our society has basically almost overlooked (unless when looking at the 1%, everyone is obsessed with all the #eattherich stuff) it, really. When you keep life simple, work mostly to support just what you need in the everyday life and then some just for a bit of indulgence, you’ll be less likely to fall for economic scams. Simply because you don’t need so much to be happy and live life. You don’t need to be an old Catholic, though take the moral from this – you don’t need too much money and having more means someone else will have less. If you work smart and make more for less time, that’s even better for you! Don’t sacrifice good quality time just for a few extra dollars and what society tells you you need. Don’t look at the Joneses and stay away from the Kardashians. People who promote the materialistic way that hurts people and the environment.
Connect with those who also live simply and promote this anti-modern economy message. This system can only go on if people keep bowing their head and submitting to it in the masses.

I am fully aware that what I’m saying here, the advice I’m giving you is definitely way out of the norm. It’s not easy to read or digest, since to most people this is the opposite to what they’ve been taught all their lives.

The thing is though, everyone else is caught up in their little rat wheels, running and running because they are afraid of trying anything outside that safe cycle. No matter how tired they are. They accept that they must run that circle again and again until they’re 80, when they can retire. You don’t have to do that.
You don’t have to subscribe for that.
Sign out of the economic narrative that always puts us at the losing end.
The more people do, the more we can demand change. Better wages and better prices.

Take a step out, try a risk and step into something new that can be so much better.

 


 

More information:

Advice
The Art of Frugal Hedonism: Start Living Simple, Yet Enjoying Big
Aspire Not To Have More But To Be More
Dare To Be Domestic: Traditional Living & Part-time Work
Dare To Be Domestic: Traditional Living & Financial Management
We Are Living In A Material World, But I Am No Material Girl

Books
The Art of Frugal Hedonism
Stuffocation
How To Be Free

2 thoughts on “A Better Economic Future Pt 2: Step Out Of The System

  1. A humble suggestion: #2 should be “Use credit cards wisely”. They’re a financial tool and they have utility. Indeed some of the rewards programs can be very valuable. I use them ALL THE TIME but I pay them off every month. Doing this has allowed me to to get rewards like airline tickets and cash back rewards and so on. The key, of course, it to pay them in full each month. Personally I think everyone should just do whatever Dave Ramsay advises. He’s a sharp guy.

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s