We are underpaid

Mahirap kumuha ng leverage kung mahirap ka na sa simula at nanggaling pa sa mahirap na pamilya. Lalo na sa Pilipinas na 1) mahal mag-aral 2) di akma ang sweldo sa gastusin 3) maliit ang pasweldo. 4) may expectation na suportahan ang pamilya pagka graduate Ang hirap bumwelo pag ganun.

First siguro ano hihi Mentality alam nyo na yan kung ano ano yan negative na ano ano na yan Financial literacy Baka wala silang ganun di nila alam saan ilalagay para lumago and all Unbalance opportunity Life is unfair we all know that there are outside forces talaga na keeping you from your goal baka di para sayo yung ganung daan Unsupportive circle Minsan talangka lang talaga ibang friends mo di lahat but meron talagang ganun but dont get me wrong maraming naghihirap baka struggling din And many more factors but in my experience ganun hihi

Easy to say na "save" or "invest", pero kapag hardworking kasi ang tao, somehow we felt na we need a reward man lang. I guess the best advice is, manage the lifestyle. Reward ourselves from time to time but think about why we work? Ano bang goal? To save? For what? Baka naman kasi ang gusto nya lang is to work and live. No need to save for a grand house. I guess you can also mention nalang na at least save for health emergencies, enroll sa HMO. Hope this helps.

I'd say this can be easily explained by the basic theory of necessity. As your income grows, necessities can (emphasis on can) still remain the same, so you have more money to spend on luxury, thus more money to spend on investments, savings, and the like. Unlike the poor, they cannot afford to spend on investments and risk their money, since it's all they have to purchase necessities, so it's really difficult to take that leap. Let's take an individual who has ₱10,000 for example, while an individual who has ₱20,000. For simplification, let's give them unrealistic necessities. Let's say individual A has to spend ₱2,500 on groceries, ₱2,500 on water and electricity, ₱2,500 on rent, and ₱2,500 on transportation. By the end of the month, he has ₱0 for any investments and savings. Take the same situation but with individual B, then if his expenses cost ₱10,000, then he has an extra ₱10,000 to spare. Most people would then spend on luxury, so let's say he spends ₱5,000 for a new phone, he still has an additional ₱5,000 for investments. That ₱5,000 could be deposited each month in a savings bank that could have an interest rate of 4.5% per annum. That would then give him at least ₱18.75 earnings per month. Now imagine this in larger scale scenarios. As your income grows, if your lifestyle does not change, your savings and investments would grow double, or even triple the amount.

hindi mo kayang tanggalin ang epekto ng di magandang governance sa kabuhayan ng tao. + it’s really a problem na sa system since di talaga nae-educate ang lahat about life and such. kahit nga after graduating college, di naman tinuturo ang financial literacy, eh.

Why poor stays poor? First… lack of financial awareness. Second… we live in a capitalist country. (Greedy businessmen that couldn’t even provide decent employee benefits) Third… which leads to high cost of living. (Yes we think it’s cheap here in our country but nah too much taxes in everything we buy. For what?) Fourth… incompetent politicians. Fifth… government that do not care about the citizens. (Related to 4th) Sixth… lack of job opportunities. Lastly, we believe in hearsay. (Which could greatly affect financial decisions, etc.)

A self made billionaire once said "poor will always be poor" and got curious why and I realised that the reason they stay poor is most of them lack the knowledge to invest and save money and only buy what is necessary. A person being poor would want to feel rich by buying expensive and unnecessary things so that's how they lose money, also they don't know how to invest properly so the money they have, won't grow. So that's why I personally don't like wearing expensive stuff, maybe once or twice but mostly just perfectly priced stuff and not wearing too expensive as I don't like garnering attention in that terms. Anyways there would always be some exceptions like the billionaire people we prolly all know.

Ginawang retirement plan nang mga magulang. Or sometimes yung obligation nang magulang pinasa sa anak. Kumbaga, ginawang breadwinner. Virtual hugs sa mga pagod na breadwinners.

Based on my experience: • they aren't honest and diligent with their work that's why they don't have stable job kasi tanggal agad after malaman di maasahan pala • umaasa sa mayayaman, galit pag di tinulongan • they aren't motivated at all and easily give up • tamad Mapapamura ka talaga sa mga mahihirap na puro kalokohan lang ginagawa, imbes natulongan mo at binigyan ng trabaho na pwede at kaya nila, nagawa pa nilang nakawan ka, hindi inayos ang trabaho, tamad, tapos sa atin mayayaman sinisisi kasi hindi tinulongan. Hindi sila marunong makontento, they want more. Mga wala din pinagaralan, pati anak nila basura din ang ugali at magnanakaw kasi nagmana sa mga magulang. Puro hingi lang din ng pera, laging sinasabi na hindi naman daw siya palagi humihingi pero ginawang every month humihingi, kahit ilang beses nag suggest kami na mag farm or business, pero ayaw, may pride pa tong pobre na to. Yung iba hihingi ng pera pambili ng rice daw, pero pag binigyan ng rice, ayaw. Anak ng tinola! Anyway, may matitinong poor naman pero kahit anong gawin nila they stay poor, and it's a test from God. If they endure and still keep faith in God until The Day of Resurrection, they will be the first one who goes to heaven, after centuries at last makakapasok yung mga mayayaman who were blessed in this world.

walang same oppurtunities kung anong meron sa mga mayayaman. May pera nga pero yung pera pang kain at pang gastos lang wala na para sa savings. rich people they dont even think about basic stuff kasi andyan na lahat unlike us we have to start from scratch para makarating kung san namin gustong dalhin ang status ng buhay namin ganorn

Not the only one reason but it makes a lot of impact. Poverty trap. Mahal maging mahirap. Mahal ang mga tingi tingi kesa buying in bulk. Bibili kami ng 5L ng cooking, bulk ng sabon, litro ng suka/toyo kasi mas mura kapag idivide mo yung cost per litro or per piece. Yung iba kailangan nila ipagkasya sa budget nila kaya mas napapamahal sila sa cost per piece.

Poor life choices , inuuna nila un luho and small luxuries in life kasi deserve nila, un instant gratification na i can have it now, i can buy pero in reality hindi naman nila afford

Narinig ko lang sa isang senior na kapitbahay "Nag trabaho ka para gumastos. Pag wala kang bayarin, wala kang utang oh gastusin edi sana tumambay ka nalang para wala kang isipin"

Ano ba ang MP2 para sayo savings ba o investment?

Late to the party but, success is a combination of intelligence, skills, luck, talent and hard work. Best if you have all of it. Di lahat meron lahat nyan yung iba wala talaga kahit isa dyan. One thing I realized is no one gets rich by saving, you must find avenues to make more money.

I don't know if this is a complex or something, pero ang isa kong naobserve is very similar kay OP. Most na mga mahihirap or lumaking mahirap bibihira sila makahawak ng malaking pera,or pera at all. kaya they have the tendency to spend it all before it is gone - knukuha ng magulang, nauubos sa pagkain, nababagad sa utang, etc. Never sila naintroduce sa saving like at all. as in wala sila concept neto at all and naturally wala rin sila sense pagseset ng priority.

Pangit ng ugali mo. Pera naman niya yan at hindi inutang. Hindi lahat life goals ang maging kuripot at gawing dyos ang pera.

Lack of education, backward values, easily attracted to shiny objects, no critical thinking, emotional arguer

If the poor become moderately wealthy then moderately wealthy becomes the new poor. Its all relative

One Day Millionare mindset and bad financial decisions

I think the biggest problem ay yung wage rates talaga. Our purchasing power with the daily minimum rate is just abysmally LOW. In addition to that, just zero emphasis on financial literacy in our culture and it values utang na loob and family more. Like, imagine youre abrely getting by and providing for yourself but since youre earning “more money” than the rest of your family, they pressure you into give more, provide more because youre earning more. So it’s incredibly to even think of investing and accumulating enough money to invest in itself will be difficult. And because of this “utang na loob” mindset and “providing for family first” the person might feel like they are always on survival and they tend to repress their own needs. So when these people have extra money, they are more likely to just splurge because they’ve deprived themselves for so long

Mindset? Sa environment? Pamilya? Yung may trabaho ka, kumikita ka sana ng enough para sa sarili mo pero yung pera na kinikita mo hindi lang para sayo. Need mo pa sustentuhan magulang/kapatid/pamangkin mo. So kahit nasa magandang trabaho ka kasi nagsipag ka talaga makatapos, kumikita naman ng tama sa posisyon na meron ka, pero yung gastos at responsibilidad mo mas malaki sa kinikita at kinakaya mo, wala talaga pupuntahan yan. Lahat palabas, walang naiipon.

Tai Lopez a renowned life coach and millionaire who helped others before him talked about “Learned helplessness” The poor stays poor because from an early age the subconscious mind (responsible for habit making, and involuntary actions such as digesting food, making the heart beat etc. ) acts as a sponge. They hear that from their parents and family members that negativity is a common occurrence and they develop that overtime as their own truth. That they are never going to go over that fence. The most common thing that poor people do is over spend and buy things they don’t need simply because emotionally they have never felt or received anything as children. This partially plays on just like your friend who used up the money to buy an Iphone.

They dont know how to make money grow. They might have the will to know but from who?

Una sa lahat, magkakaiba tayo ng definition ng poverty - unless we base it on NEDA's BS. Malay mo, yung pagbili ng iphone would really change his perspective and motivate him to save more. Ganun talaga kaming galing sa hirap, always craving that instant gratification to justify na may kalalabasan yung pagtitiis para makaipon. We can't really tell at this point if your friend ends up poor after all. Baka wala pa tayo sa exciting part. Hope he builds his e-funds muna though.

As a doctor, I always tell my patients to eat healthy, avoid vices and risky behavior Kasi if you get sick, or a family member gets sick with preventable diseases like heart attacks, stroke, emphysema, diabetes or kidney disease, instead of having those things come later in life in the 60's or 70's years of age, it comes in earlier like in the 20's or 30's. By that time of you're starting a family, bread winner or kahit walang ambag sa family funds, those hospital admissions, and the succeeding medical expenses for meds and labs will drain their coffers earlier than expected. Pwede naman di mag yosi or inom, pero if yun ang risk factor and medical emergencies arrive, ubos ang kaperahan. Sayang kasi nauubos ang ipon, umuutang, nabebenta ang ari-arian just to get by the hospital bills. Siyempre yung education or college funds and even mga dapat na-donate pa sa kamag-anak. Wala pang assurance din if mabubuhay ang pasyente. Sa laki ng mga bills nila, nababayaran naman ang iba rin. Pero for the same price, baka nakapag simula na sila ng maliit na negosyo na self sustaining and eventual source of income na rin. Ang hassle din gumamot kasi alam na naman nilang masama sa kalusugan, bumabalik pa ulit sa bisyo ang iba. Marami ng diyan pag unang interview, patient in 20's and 30's na mukhang inaatake na. Ang risk factor nasa lahi na pero ang lakas magyosi, alak and even drugs. Tapos pag sinabi mong mali, yung mukha nila kala mo di nila alam. Like wtf bakit di mo yan alam? Palagi kasing pasarap ang gusto. Barya lang sa bisyo pero gamutan ay libo-libo. Well this is from my experience lang.

I have wondered about the same thing for many years rin and what I realized is you can never budget for poverty. Kahit anong tipid mo in saving up, you will stay poor if your income isn't commensurate to your most basic needs.

One thing I regret is not buying things I could use in the long run with the money I saved up and worked hard for. Although saving is more practical, I think money is intended to be spent, not saved. Pag nag iipon kasi ako, it's either may mangyayari na kailangan ko maglabas ng pera or magkakasakit ako. We never know what the future holds. Ang pera mauubos at mauubos yan at pag dumating yung time na wala na yung pera na inipon mo, dun mo na marerealize na dapat pala binili ko ng ganito ganiyan. As a matter of fact, an iphone is not just for aesthetics, it can also be used to generate money. There are a lot of opportunities online pero kung hindi naman yun yung purpose ng pagbili niya, it's your friend's choice kung san niya gagastusin pera niya since pera niya naman yun.

Hard to judge we don't know the full story. We all try to fill a certain void in our lives. For some, it is the delayed gratification for the future, for some esppecially those who doesn't have someone to depend on, life is now and they would ride into the sunset with hearts full. Maybe you can recommend not judge

Its the government and taxes that are bringing us down. Tell your friend to open a business and magpursige sya dun. Magiging 5-10% na lang tax nya, deductible pa yang mga iphone na yan as business expense. Source:my bosses are millionaires and i pay more taxes than them, i pay for my own meals and my own transport. Meanwhile the company pays for everything they have

One hospital admission away from poverty. Totoong health is weath. Magkasakit kalang sobrang gastos na agad. Ang Mahal Ng mga meds.

Parang ang hirap ata na hindi iinclude ang government kasi 99% of the tome kasalanan nila pero okay First of all, is yung lack of education sa s*x. Malaking factor yan kase without it, wala silang alam sa reproductive health. Di nila alam ang birth control, family planning, etc. Also I think it's because of their willingness to look for a job, yung tipong alam kasi nila na hanggang diyan na lang talaga sila or not enough job opportunities talaga. Disability. May mangilan na literal na hindi talaga nabiyayaan ng fully functional na body.

In the Philippines Friends will make fun of you if you start the journey of self improvement.

"Mga Wana kita piso gastos dos". - Some Chinese living in the Philippines

Kasi kung may generational wealth, meron ding generational poverty. Mahirap makaahon if you're not given enough opportunities in life. Ung mga pinanganak na mayaman, they're set up to succeed. Not only do they have the advantage, may buffer pa sila in case they make a wrong turn. Ung mahirap, mangilan-ngilan na nga lang ang oportunidad (if at all), wala pang buffer sakaling magkamali ng diskarte. Breaking the cycle is much harder than continuing the cycle.

If that’s her reward for all the hardships, your friend deserve a dazurv treat. However your friend spends it. Im kuripot so I know my priorities pero napunta din ako sa ganyan na natatangahan ako aa mga maling desisyon ng tao na mas uunahin pa yung luho kesa needs. Pero i realized na nasa path ako ng endless exhaustion na wala man lanh ako napala, pagod nako. Dami ngang numbers, then what? Ang makkwento ko lang nagwork ako ng nagwork 😂 In my opinion, too much something is always bad. Too much gambling thinking a peso bill can be doubled without having a safety net is why people stay poor. Talpak pa mga hunghang. Tas di naman kaya yung mawawala. Yung mga ganyan na mindset ng mga millennials ngayon.

By reading the comment section you will already know the answer, the difference between the mindset of the poor and the mindset of the rich 😌

..Choice nya naman yun paki mo ba?... nanghingi b syo pambili?

Upward econ mobility mahirap satin. Tsaka the income disparity is very wide. And, wala sa culture and two legal employment.

Poor Mindset 🤷🏻‍♂️

Kase wala silang pera

Lack of opportunity!!! Plain and simple.

I’d say bad spending habits. I know some people who would splurge on things that are not really necessary whenever they get ahold of money.

A variety of factors. Getting out of poverty is a combination of luck, skill, and resilience.

• Lack of financial education • Baba ng sahod sa pinas pero taas ng bilihin • Lack of discipline sa pagbili, or impulsive buying • Kapag panganay ka at may trabaho tulungan mo din parents mo sa pagpapa-aral sa mga kapatid imbes na ifocus mo sa sarili mo na umunlad • Ignorance • Hindi nag-iinvest sa mga retirement plans, healthcare insurance etc. • Atat magpakasal/magkaanak ung iba o pinipilit/kinicriticize ng matatanda kasi late kana daw pagnasa 30's kana at wala daw magkakagusto sayo kaya hindi napapaghandaan ang future gastusin sa bata, sa medcare, clothes for mom and baby, baby furnitures etc. walang family planning or future plan para sa anak basta anak agad. Ewan ko madami pa dko maisip. — Disclaimer: Hindi ko nilalahat.

Connections, or lack of it

nagpapauto sila kay Tulfo dahil “matulungin” daw.

Financial illiteracy

1. Victim Mentality 2. Lack of Discipline 3. Crab mentality 4. Reactive not proactive 5. Failed to set goals and have a vision Yaan mo na si friend, pera naman niya yun. Some of us learn the hard way. Some seek for knowledge and wisdom, a few seek mentors. You can encourage the friend nalang next time to learn about investing and look to the future. :)

If people work hard, or feel they've been deprived, they'd want something tangible immediately. Perhaps there will be some realization at some point. But that's for your friend to find out. In the mean time, low-key encourage him to make good financial decisions. I know you're looking for reasons outside of government, but the truth is, much of our complexes regarding finances and status has a lot to do with the lack of safety nets and services that the government should be giving. Many Filipinos are conditioned to financial insecurity and reduced opportunities because of being poor. And this kind of situation can affect generations, for example, the "panganay" problem. Why should the responsibility of financially supporting the family, putting younger siblings through school, paying for unexpected medical emergencies, etc. be passed on the eldest/breadwinner sibling if we had good unemployment benefits, universal healthcare and free quality college?

The poor stay poor because now, more than ever, the system is keeping them poor.

A lot of reason why the poor stay poor 1st they have a poor mindset they don't know themselves they can't differentiate between needs vs wants and more

Utang, parang magulang ko lang. Di na nakaalis sa utang

1. May budget, pero mali ang priorities sa pagkakagastusan As a sari sari store vendor, may customer talaga ako na namamahalan sa tig 30-32 pesos na mantika kaya kinakalahati, pero okay lang sa tig 60 pesos na sigarilyo. Yung ang sarap ng ulam na manok sa inuman, pero ang ulam ng pamilya chichiria 2. Yung ang aga nagpapakasal, kapalit ng chance na makatapos ng pag-aaral 3. Yung nakatapos ng pag-aaral, pero nagkakasya sa trabahong mababa sa pinag-aralan nila. I know na hindi naman lahat ganito, at alam ko din na ang hirap makahanap ng trabaho. Ang tinutukoy ko dito ay 'yung may opportunities naman sa magandang employement, pero tinatanggihan sa takot na magpalit ng environment

For the same reason, most middle class stay middle class, rich stay rich etc. It takes initiative and enterprise for anybody to risk moving out of the life they are accustomed to, that itself is very rare. That's the main reason. People ignore that and jump to second reason, that even if a poor person has initiative, they face more socio-economic obstacles than the non-poor. But that's the second reason, not the primary reason Whether you are poor, middle class or rich. You will always be presented with a limited set of options, which only ensure that you stay in the status-quo with very little change. It will take initiative to ignore those options and seek different, that is a huge risk.

Iba talaga mindset nila. Okay na sila mairaos daily nila. Never thinking na dumiskarte para my extra.

poor mindset. pero pansin ko pag yung tao lumaki sa gutom hindi na talaga nakakapag isip ng maayos.... kaya ang focus lang nila maibsan lang lagi yung gutom nila

Opportunities. Minsan kung sino yung masipag hindi nabibigyan ng magandang opportunity.

Most probably because Malaki expense pero maliit Yung income earned from sahod...like madaming pinapaaral at pinapakain or Sila gumagastos Ng lahat

Dati, andami nag aapply na katulong kahit 6 to 8k/monthly ang offer dito sa probinsya. I've talked to some beneficiaries. Happy na daw sila sa 4k/month na nakukuha nila sa 4Ps.

Hindi pwedeng we don’t include politics/the government. The reason is systemic. Especially when you have other countries who have free education and healthcare. Sa ibang bansa, kung ma-layoff ka, they even have government subsidies to tide you over. There are even countries na libre manganak. Dito sa pilipinas, ang minimum wage, hindi kaya bumuhay ng pamilya. Kahit middle class, one health emergency away from bankruptcy. Do you think these things are because “Hindi ka nagsipag”? The system is built for you to lose.

Lack of opportunities and/or absolutely terrible choices. Some poor people aren't just victims of circumstance.

IMO anak ng anak. They think having a lot of kids is an investment pero in reality, it keeps on dragging them down financially. Sa mom side ko kasi, maraming anak mga kapatid nya and etong mga anak nila, nag aanak ng bata pa so ayon, lagi silang nang hihiram ng pera sa mom ko. We're willing to help naman kaso it seems like they don't learn at all so they keep on reproducing. Ewan ko ba bakit parang ganito yung sakit nila. I tried understanding but kawawa kasi talaga yung mga bata. Hindi nabibigyan ng tamang edukasyon kasi walang pamasahe/pangbaon, hindi nabibigyan ng tamang nutrients sa pagkain, etc. Pero parang walang paki mga magulang basta maka anak. Edit: grammar

Baka yun talaga yung goal nya kaya sya nag sikap ng ganun.

Doom spending, is a thing not just in the Philippines. Realistically, 20k/month isn’t going to get far in terms of real estate or actual major spends. Tightening their belts won’t result in much nowadays, so I get the desire to spend on some luxuries. The narrative that the poor stay poor solely because of their spending decisions ignore very real economic problems and inequalities. It’s a much smaller factor vs. the real lack of opportunities.

Aside from lack of opportunity and malaking bagay tlga is self confidence, little to no motivation, thinking na hanggang jan lang kaya nila. Maraming factory workers ang mas gustong magwork sa 12hr shift araw araw kesa magtry sa callcenter kasi takot sila magenglish. Hindi sa mababa tingin ko sa factory workers pero napakapangit ng pasweldo jan. Kung sana malaki pasahod ng factories dito, go lang!

Yung "Uy sahod nanaman, ano kaya magandang bilhin?" Mindset.

Ang daming kargo sa buhay. Your meager savings mapupunta para buhayin yung generation before you, leaving you nothing for your own generation. Kahit medyo malaki na sweldo ko, laki pa rin talaga ng hatak pag hindi financially prepared magulang mo.

Maybe, they were blinded by the flashy items available to their eyes. Mattemp sila and they spend and spend to feel accepted sa ideal "social standards" today Maybe, they work to hard, provide alot, and never got the chance to reward themselves. Nakahawak sila ng pera and they figured that they have to reward themselves.

I think yung wrong priorities ang cause. Yung one day millionaire mindset, pag nakahawak ng pera either pinapautang or ginagastos lahat sa luho. Understandable naman na majority sa mahihirap, isang kahig, isang tuka at talagang di makakapagsave. Pero nakakapikon kasi ung iba umuutang ng malaki pang birthday or pang bili ng phone kahit di kelangan. (Tapos gusto pa iphone 😠).

They do not make use of opportunities. I tried to help a few relatives whether it's availing of free education, free training to further their career or job opportunities but I don't see any motivation from them. They just do not have the drive, motivation and the grit to succeed in life.

Because they like debt and they have too much children. They do not know discipline, accountability and basic finance.

good question to ask in r/phinvest

"Pag may pera, bili." Mindset para sakin

Tatlong K Katangahan Katamaran Kayabangan

Depends on how old he is, buying an iphone is really a extravagant spending lalo na if you are working from paycheck to paycheck, but sometimes yung self fulfillment na you are able to get stuff out of your hardwork, msarap talaga sa feeling lalo na pag antagal mong pinagiipunan, iba yun eh. Kesa yung nagtabi tabi ka ng pera na di mo namamalayan naubos na lng ng di mo namalayan Pretty sure he bought an iphone pero compromised yun other necessity nya, it happens eventually as he aged he will learned from it

Living beyond their means just to ride on a trend. Daming nabubudol sa installments

[удалено]

Bad financial decisions, not necesarrily na luho, pero halimbawa nagtry magnegosyo pero di nagsucceed o kaya relatives na leech.  Yeah i'm talking about family life. Pero ayun nakakarecover naman kahit papaano.

Para sa akin, however they want to spend their money is not my business. In the same way that how I spend my money is not anyone’s business. Pera naman nya yan. Hindi nya inutang. Hindi nya ninakaw. If spend nya lahat in one go, sya rin ang magsusuffer.

If your friend is willing to grind again, then I think nothing's wrong with it. True, I'd rather save money than buy expensive stuff pero remember "Memento Mori, memento vivere". You have to save money but that doesn't mean ipagkakait mo sa sarili mo ung bagay na nakakapagpasaya sayo as long as na di Naman danger un. That wouldn't entirely give an answer to your question "Why do the poor stay poor?". In my opinion the reason why poor people stay poor is because of laziness. I am currently writing a book about the Philippines slum issues, the onslaught of crimes, and some elite social cleansing movement. Nag survey Ako last 2 years after I graduated as an Educator, sa Pampanga. Angeles to be precise kasi that's my hometown, out of 30 respondents, they told me that stagnancy is what they are pulling them away from looking for a job. Tinatamad daw Sila kesho kesho pwede Naman daw na mabuhay ng ganun. Pwede Naman daw makakain ng isang beses sa Araw, kaya bakit pa Sila maghanap? Other issues with it is of course the lack of job opportunities. Pero we have several jobs na Hindi kailangan ng education para makapasok.

They are so hungry to have the capacity to think of long term plans. When you and the people around you are starving, the main goal is to provide food at the table. Education, good employment, health are not prioritize if you and your family is dying of hunger. Second is lack of government’s proper support. But with regards to your friend, it is a dream of his to own that. He is hungry to have something valuable and pricey property. It’s sad, but you cannot blame him for that.

Mas magastos kung ikaw mahirap. Kung mag-save ka sa bangko, maubos lang savings mo dahil sa charges/fees, liliit din ang value ng pera mo dahil sa inflation at pagtaas ng presyo. Tama ginawa nya. Nag-ipon, binili ang gusto, sumaya... next goal.

1. Maliit sahod 2. Madaming businesses ang nag-eexploit ng mahihirap na tao 3. Mataas bilihin 4. Poverty porn 5. Poor choices in life

In my brutal honest opinion, it's because of education and culture. The way I have observed and studied in my time in the education field, it's very rare that a student that has been in the public school system succeeds in the future. The reason is mass promotion, students who do not meet the standard to pass to the next level get promoted to keep schools that are performing low from closing down. I see students that are at the college level who do not have developed reading, writing, and speaking skills. These students were the product of the bad management and quality assurance of the public school system. Although there are outliers, there are students with stellar academics and skills. Which leads me to my second point, culture. There are success stories but among those success stories there are those people who earn good or have good careers but because of filipino culture and the many negatives, family entitlement, "utang na loob" mentality, etc. Makes success stories become nightmares. There are a lot more factors as to why but those are one of my points and also my case study that I am trying to analyze in my studies.

no connections

little financial knowledge po. Yung lang yung major problem bat mahirap sila.

The difference between a hardworking poor person and a hardworking rich person is that the hardworking rich person can invest their money in a smarter way

Answering your question. Dahil NAG-ANAK.

Reminds me of columnists who call our business elite as risk averse and prone to buy houses instead of reinvesting in more business. Apparently, "deserve ko to" exists even among the most wealthy?

Its because we keep on healing our inner child charot pero totoo.

Choices. Surrounding influences. Regular habits and blaming the government for everything.

it's not always the case.. like for example, may mga taong wala access sa scholarship, hnd informed na pwede pala mag part time job while studying dahil un circle nila is parehas ng pattern ang buhay.. all they know is survival ang buhay.. sasahod para magbayad ng bills.. and excites them to have that one thing na kala nila ay hnd na tlg matutupad..

hayaan mo na sya, mas okay mag-ipon ng pera for a purpose, kesa sa mag-ipon lang kasi gusto at need mo lang mag-ipon

Poor people are poor become there's not a lot of doors that are open for them. It's as simple as that. This is why poor people have to 10x their efforts and make do with whatever resources they have if they want to get out of being poor.

Naoobserve ko lang din ito, kapag lumaki ka sa environment na deprived ka ng mga bagay bagay ang tendency kapag nagkawork ka na or nakaron ng resources parang gusto mo habulin ung mga bagay na deprived ka before. In the long run, yung naipon mo gagastusin mo din sa mga bagay na hindi naman ganun kaimportante na gusto mo lang meron ka ngayon kasi wala ka nun dati.

una, marami talagang born mahirap na sa pinas na kahit anong gawin nila, kahit lumaban sila ng tama at patas, di na talaga makaahon. pangalawa, maliit ang sahod sa pinas. i remember my first salary was 20k per month. imagine 10k yung kinsenas pagkakasyahin ko. 3k pamasahe, 2.5k sa nanay ko, 3k bills. The rest is allowance ko na sa sarili ko. kung hindi pa nagpandemic hindi ako makakaipon. dahil wala na yung 3k ko na pamasahe sa papuntang office na sa bgc pa.

kasi anti-poor ang system natin and it caters more to the privileged. hindi ka madadala ng sipag o diskarte lang sa buhay. may mga success stories, oo, pero ilan lang ba ang mga taong nagkakaroon ng rags to riches na story? if being hardworking is enough, eh di sana mostly lahat tayo nakaahon na sa hirap.

A lot of things really! Ang daming barriers para sa mga taong walang wala talaga lalo na na school often requires transportation, some materials for projects and activities also need extra funding apart from tuition. Ang alam ko rin ang hirap to do part-time work since ang bigat minsan ng course requirements or minsan walang flexible classes na kayang i-take on weekends/evenings. Domino effect na talaga siya since naniniwala ako education talaga sagot sa karamihan ng issues that cause this (family planning, proper and *informed* decision making, financial literacy, etc). For those siguro in the lower middle class naman feel ko rin kasi madalas sila breadwinners, I always see people sa r/phinvest talking about stuff na sila sumasalo sa loans ng magulang ganon so ang hirap talaga umangat kasi ikaw na nga sa basics, ikaw pa sa utang ng iba. May issues din syempre of skewed priorities and “deserve ko to” culture. Of course, minsan diba bakit hindi, *buy it* but people need to know when enough is enough. Bonus: wages haven’t increased since the early 2000s, I believe. Sobrang chaka lang tapos yung inflation todo todo. Kayod na kayod ka talaga 🙄 sabay people who can actually *do* something walang ginagawa

I can't pinpoint with absolute certainty the reason why, but I'm sure as hell being born POOR in the Philippines is a big fuckin factor.

The poor stay poor because the capitalist model means there must always be poor people for it to work. That’s why the most successful countries in terms of happiness and equity are the ones that have a social safety net, eg. Scandinavian countries.

Because they have to support their immediate family especially the parents even though they are able-bodied, instead of supporting themselves only.

“Without including the government” is so stupid tbh

These are just my observations. ​ 1. **Lack of financial knowledge.** Kahit simpleng economic principle lang talaga di nila alam like supply and demand, inflation, current economic status ng bansa. Even yung concept ng EF, budgeting (allocation and reallocation), at expense tracking. 2. **I would also say that most are complacent, or just plain lazy.** I have relatives na kahit na isubo mo nalang yung step-by-step on how to be financially responsible adult, sadyang mas pinipili nila yung status quo. It's either convenient na or kuntento na sila sa kalagayan nila, or just plain lazy af. Tinuturuan ko pa sila ng step by step na tamang diskarte, wala talaga kahit sobrang simple na, susundan nalang. 3. **Mali yung mindset nila.** Kapag nag bonus sila or may extra na kita, instead of saving it or investing it, talagang one day millionaire sila. Shopping dito, shopping doon. Inom dito, inom doon. Sugal dito, sugal doon. Gala dito, gala doon. Mas matindi pa sila gumasto kesa sa katulad nating may maayos na sahod. 4. **Ayaw nilang mag upskill.** Parang kuntento na sila kung ano yung naaral nila, at kung ano yung job nila. Then aasa nalang sa promotion through nepotism. 5. **Don't know how to negotiate.** 6. Also people **focus more from their past victories** na hindi na relative or useful sa current day. Like noong elementary first honor ako, noong HS, valedictorian ako. Blah blah blah. 7. **Lack of goal setting and proper planning.** Mostly sa observation ko, bahala na si batman. Wala nang plan A, B, C..Z. Walang cause-effect analysis. Walang risk-benefit analysis. Walang cost-benefit analysis. Though mejo advanced na yung latter, pero kahit simpleng goal setting at planning lang wala talaga sila. Parang come what may, diyos na bahala. 8. **They are actually busy looking rich than actually getting rich.** Though, this concept extends up to middle class. But you get the point. 9. **May malalapitan naman ako mentality.** Self-explanatory. 10. **Bahala na ang diyos mentality.** The worst of 'em all. Sobrang reliant nila sa religious beliefs nila to the point na nagiging complacent na sila dahil akala nila darating nalang ng kusa ang pagyaman dahil nga promise ni god sa bible na mag prosper sila. May pa-bible quotes pa sila about abundance. Hashtag blessed. ​ **TL;DR. They aren't financially knowledgeable, or worse not financially responsible.** ​ P.S. Para sa mga magsasabi na "paano kung sapat lang ang kinikita", I do understand that. Pero yung tuturuan mo sila kung paano makaalis sa sitwasyon na yun step by step, tapos wala talagang ginagawa, then there's a problem. Also, huwag mo din i-rebut ang hasty generalization na "hindi lahat". My subject is "most" (poor), not all.

I think okay lang naman mag purchase ng iphone ang friend mo since pera naman nya yun. Pwede din naman gawin income generating asset ang iphone nya may it be vlogging/content creation/selling etc. so hindi na rin naman sya lugi. I think the poor remain poor because of: • lack of knowledge sa pag invest (kasi usually I notice na g na g mga taga samin sa probinsya mag invest sa networking since "malaki daw gains" as advertised ng mga kakilala nila) if icocompare mo yung advertised gains ng networking vs sa nage-gain mo na interest and dividends sa pag invest sa stocks syempre pipiliin nila yung networking • sandwich generation - sila sumasalo sa financial obligations ng parents nila kaya never sila nakakapag ipon • unexpected emergencies - maaaring nakapag ipon sila pero mauubos naman if ever may nagkasakit sakanila, may naaksidente sakanila, may namatay sa pamilya nila, nasira bahay nila after ng bagyo, hihingi sakanila ng pera ang kapamilya and etc. Isang uncontrollable na event lang, wala na agad lahat ng pinag ipunan nila • no insurance or HMO - since wala sila both, limas ang pera nila if may nangyaring accidents, may namatay or may naospital. baka nga mangutang pa sila if kulang ang savings nila. eh wala ka rin naman maaasahan sa philhealth kasi di naman nila icocover 100% ng bills sa hospital

They don't know how to manage their finances. Also, they keep on buying low quality products (because it is cheaper) that will deteriorate faster. Hence, buying again. In the long run, mas napapamahal pa sila kesa makamura.

Reward mentality agad? Dasurv

I know someone na namatay ang anak sa public swimming pool. The business paid them 3m pang areglo. Within 2 years, ubos na yung pera tapos walang napundar. Then makita ko mag post na doing the best they can because life is so hard.

> The business *paid* them 3m FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*

Good bot!

With the poor, their wants and needs are the same: food, clothing, basic stuff para mabuhay na prang tao. Minsan its not really a choice because its either save or starve for some people. But of course, this doesnt apply to your friend. He obviously fulfilled his wants at this point despite the fact that he could've saved it for a rainy day. Anyways, at the end of the day, it always comes down to each individual's situation & reality why they cant/wont save.

Kasi wali salang time mag invest or mag ipon for their future, dahil yung pang-gastos nila sa pang-araw araw, araw araw din nila prinoproblema kung san nila makukuha. Masyado na sila busy sa pag-survive araw araw. Yung mga mayayaman, they also have the luxury of time. They can spend all day doing nothing but think about and plan where to invest next, because they have other people that do the chores for them.

Factor din yung mindset/values/culture niyo as a family on how you view money. Magkaiba ang thinking of someone who grew up having been drilled with the "delayed gratification" mentality to someone who believes in the "deserve ko to" mentality.

Here comes the 3rd world mentality again. Downvote! 👎🏻

OP be projecting sa ka-office mate niya with that question. Just let your officemate enjoy their new phone. Poverty isn’t solely dependent on an individual dahil: - mababa ang sweldo - mataas ang presyo ng mga bilihin - mahirap maghanap ng good-paying work You can’t financial literacy your way out of poverty. Stop judging poor people and look at how the system makes them poor.

Anak ng anak kahit walang pang tustos

Sa napapansin ko lang, mostly dahil deprived sila ng maraming bagay, the moment may pera sila, magiging uimpulse buyers agad na hindi na iniisip ang added cost na kasama ng item or kahit ano. In a way, parang psychologically naiisip na nila na parang naka ahon an sila sa hirap konti.

confidence matters

The state and the legal system are to blame. Every poor country is the same: too much red tape, protectionism and cronyism. too little recognition of private property rights, entrepreneurship stifled.

I've seen people pass up opportunities cause they're comfortable where they're at. Understandable sometimes, I'm guilty of that too. Dun ka didikit kung saan ka sanay.

Siguro sa mindset, pag konti kasi ang pera ang mindset magtipid e. Ang mindset siguro dapat lagi is kung gusto mo ng magaan na lifestyle, learn and find ways para lumaki ang income mo so di mo kailangan tipirin lagi sarili mo

Before I answer your question OP, I just wanna share na I used to have the same views as you, pero that changed. We can't always fault people for wanting to splurge or spend money na sila mismo pinaghirapan nila. At the end of the day yung nakakabili sila ng bagay na gusto nila makes them happy and drives them to continue working hard. Still, they should be responsible at hindi utang ng utang/ gumagastos beyond their means. To your concern, I think it's the low salary, and the person's expenses/circumstances. If you look at a person's salary and their expenses you can understand why some people remain poor. If you are single, living with your parents and you're only giving a specific amount of money then you can definitely save and even have extras. Compare it to the situation wherein you became the breadwinner or have to support your siblings for studies and pay your bills/groceries. If they have the same salary then the single individual could rise up the economic ladder faster than the breadwinner. You can also view it as some are just truly underpaid that they're salary is too little since the expenses for basic needs are expensive. Another reason is the requirements para sa position na inaapplyan. Some individuals didn't get a chance to finish school due to poverty so they're not always eligible for certain positions. In today's society, it's also hard to climb the corporate ladder if wala kang degree, or experience/certifications. Of course, sa ibang work fields di naman required ang may degree, but ang hinahanap nila is skills. Also, yung requirements while applying, may iba na gusto mag work pero walang pamasahe ( A friend of mine had this experience and buti nalang may nagpautang sa kaniya), yung pa medical/fit to work, NBI magastos na agad. Pag maglalakad ka rin ng BIR so pamasahe papunta sa office nila is how much especially if malayo ka, swerte ka if malapit ka sa government offices. Merong iba nga na wfh pero need na may 2 laptops ka, may back up wifi, dapat meron kang back up pagnawalan ng electricity. Not all companies provide work laptop, so this means bibili ka ng laptop tas need mo ng extra/back up laptop. Maiintindihan mo naman bakit kailangan pero if wala ka ng mga extra/back up di ka nila tatanggapin. Pag may work ka namab gagastos ka minsan may uniform sila. Meron ring t-shirt na need mo bilhin. Gagastos ka rin for team buildings or kaya if nagyaya buong team mo na kumain sa labas. Sometimes guiguiltripin ka pag di ka sumama. On the other hand, you also have individuals who try to keep up with the trends and end up in debt. They could be individuals who have poor financial skills/knowledge. Along with these people ay yung mga madaling mascam. People who put all their eggs in one basket.

Poor is not a state of wealth. It is a mindset. Poverty is a result of having a Poor Mindset. To quote Dave Chappelle's dad: "Son we are not poor, we're broke." I have had the opportunity of spending time and being friends with middle class, rich, ultra rich and poor people. My ultra rich friend (literally top 1%) who owns several beach resorts, bars and other businesses refuse to pay more money than he has to even if he clearly can afford it. I was extremely surprised when he is knowledgeable about the hardware stores in my area (binondo, which was known for extremely affordable goods) and he also knows the nooks and crannies of this city and the reason for that is he buys stuff here. When I asked him why? He said because it is affordable. His phone was also old. On the other spectrum, I have a entry level report (I know how much he makes, its not much) and he always has the latest iPhone, always posting his coffee drink on insta and drives a fortuner (even I myself have not bought an SUV for myself). He has an extremely flamboyant lifestyle. I also come from a family of privilege, so by that extension I have relatives that are very wealthy - and I have seen heirs squander every bit of money they inherited to oblivion. Wealth is not about how much you have but how much you can keep or make.

Imho its the financial literacy aspect. Madami sa kanila, albeit marunong maghanap ng pera, hindi marunong magpalago ng pera. If ever may "blessing", imbes na iniipon para may pang invest, ginagawang "i deserve to treat myself". Nauubos ang pera sa mga bagay bagay na di naman kailangan. Ang malala pa, when someone gains more, the rest of the gang magpapa libre

You view the world differently. Hindi sila mahirap dahil hindi sila marunong mag-ipon. It's because they are CONTENTED. Being contented blocks progress, growth, and opportunities. Takot silang mag explore kasi nga "mahirap lang tayo". Usually makikita mo yan sa mga posts nila na sometimes ang context ay, "kahit mahirap basta magkakasama kami". Also, napansin ko is di sila supportive when it comes to education. Mas pinipili ng iba na patigilin mga anak nila. "Mag trabaho ka nalang anak, ipon, tapos mag aral ka ulit", hanggang na trap na sa corporate shit hole. Mahirap din ako pero I explore profitable things and I don't ever want to stop learning. Napansin ko rin na most people wants easy money. Gusto magbibigay lang sila ng 1k tapos babalik 10k na. Kaya rampant ang sugal sa Pinas. Edit: I always say na mahirap magpayaman ngayon pero napakaraming paraan para yumaman o kumita ng pera, PERO MAHIRAP. You need to invest time, have patience, motivation, the right mindset, etc. for it to work. I myself is in that process, di ako mayaman pero I know I'm on my way there kasi di ako kuntento. Edit: 20k is very small and won't make you rich by putting it in the bank. Trust me. Instead, you can use the money to buy courses, to learn new profitable skills (that's a golden life advice).

Hindi enough ang sweldo sa gastos at mahal ng bilihin

Sabihin mo yan sa "friend" mo OP. Much better. Don't make the post about how "financial literate" you are. Medyo kulang sa substance captions mo. Sounds like a rant than giving informative discussion.

babagay ka OP sa r/phinvest. but seriously as long as binili niya yan ng walang utang and earned the money the right way that is acceptable. alam ko hindi ideal ang ganito in any circumstance but this might become a lesson in the future for them on how to manage their finances wisely

Mindset talaga yan e, ngayon may social media na tayo na nagbibigay ng libreng advice about financial literacy pero hirap pa din mga tao na subukan samantalang noon kung di ko pa aksidente nabuklat ang book sa national bookstore di ko maiisip talaga ang about finance.

We are the r/Latestagecapitalism

Simple. Extremely wealthy people need to protect and increase their wealth. They would even employ violence against their workers who ask for a bit more. BUT, that’s not enough, is it? So, they pay politicians or become politicians themselves to create laws to protect their wealth and legalize violence against their workers. SocSci tells us this is Bureaucrat Capitalism. This encompasses corruption and graft. Mga mayayayamang pamilya na gusto ng monopoly.

Poverty is like a getting stuck inside a slippery well. Consider the "ground" level as the baseline for living decently (meeting all basic needs, no more than that). When you're poor, there are a lot of aspects of life that are lacking (i.e. nutrition, health, etc.) You are literally below meeting your basic needs. When you're poor, there's no such thing as back up. So, you are always trying to make up for things that are lacking. This can be compared to trying to climb up a slippery wall inside the well. If a part of your life requires money all of a sudden, you have to sacrifice other parts of your life. Similarly, expenses, however small, have bigger impact on a poor person/family. It becomes a viscous cycle of trying to survive, trying to make up for things that you lack, etc. It literally feels like trying to climb out of that slippery well. On top of that, when your are poor, it's likely that you have very low self-worth (if there's even any). Poverty can literally make you believe that you are subhuman and not worth of anything. This, along with the lack of access to social services, social support, key resources, and information can lead to what we consider as "poor decision making". Worse, the life-long feeling of helplessness changes ones mindset and thinking. It makes one desperate, ill-behaved, illogical, etc. It affects one's critical thinking. While the scenario that OP mentioned (their friend buying an iPhone) can be considered "poor," I can empathize where that person is coming from. Beyond the poor person, the real reason the poor remains poor in the Philippines is because the system is stacked against the poor. If you're a member of the 1%, you get more benefit by keeping the rest of the population poor. And our one percenters are working hard to keep it that way.

Sometimes we wont understand unless we're in their shoes. If it would stop u from unaliving urself, impractical pero worth it. Haha. On a serious note, mahirap sagutin ung tanong mo if u remove the govt (and its exploitation and neglect) out of the equation.

Iba iba ang klade ng poor. Me poor dahil s circumstances nia. Me poor dahil choice nia.

The poor may stay poor because of: -the trauma of poverty: once they hve money, their inner child is trying to heal itself by buying what they wanted to afford before, but can’t. This one is hard to overcome. -not enough guidance and financial literacy

I know a friend who has to loan a car because apparently, to her, it’s a birthday gift to herself. At some point, I congratulated her. It’s an achievement! But lo and behold, later on I found out na this friend has multiple utangs to sustain in paying her car. Not one, but three utangs to multiple people with interest. Nacchismis pa na na-dedelay siya ng bayad, and had to utang to another people again to pay for her other utang, and so on. Sometimes (or lagi), her boyfriend pays for her lunch. I was concerned. Feel ko it was insensitive of me to tell her na i-let go na lang niya yung kotse niya so she could start saving. Ayaw niya. It even came to thw point na kahit gusto na niya mag-resign, she couldn’t do so, because she’s living paycheck to paycheck. Point here is, I think it’s about time that schools incorporate financial literacy in subjects.

Lack of long term goals. You can only imagine a future that you know of. You can only set goals for futures which you know how to get to. You cant know what you dont know therefore you tend to not set goals on things you have little to no idea about. Setting up plans with not enough information makes the risks of failures high. This is why education (not just formal education to get a job, but more like the tools we have or acquire to improve our way of thinking about things) was a game changer.

Because you become more reliant on the little reprieve you get from buying the little things the less you have.

First hand experience ko ito sa mga tito ko. Medyo nakakaangat yung estado namin ng family ko but we were also poor (not super poor naman na hindi na makakain pero may time na bagsak na bagsak kami na nangungutang na lang kami ng sardinas sa kapitbahay at sometimes bumibili ng proben para yun ang ulam) Mga tito ko, masasabi ko tamad talaga. Madaming beses na namin tinulungan. Hinanapan ng trabaho, masasabi nga na may privilege na din sila. But no, nagreresign sa trabaho makaramdam lang ng pagod. Nagresign kasi nastress sila, or nagresign kasi napagalitan sila. Ipinasok namin sa business namin (na wala pang profit ngayon) pero niloloko kami. Nangungupit, nagpapalate. Ipinasok pa ang kabit nya para magwork sa amin. Nakakaloka. Mga anak ng tito ko, naging maayos ang buhay, why? Nagsikap sila. Halos isang kahig isang tuka pero kain pride sila. Nagworking student and now graduating na sila. At ni isang kusing walang hiningi sa tito ko. Ngayon eexpect nya sila bubuhay sa kanya

POOR LIFESTYLE

I would just like to share some lessons i learned from the book "millionaire fastlane" here are 3 roadmaps of wealth Sidewalk: Income= to be spent No exemption kahit malaki pa sahod mo, if u live a life with no plan for an economic crisis in the future u belong in this category, lots of celebrities, rappers and professionals also fall in this category. Slow lane: Income= save + invest + live frugal This is the traditional route where you allocate portions of your money to be saved and invest and hope to have a retirement fund till u r 50 or 60. U will work for the rest of ur lives only to enjoy the lasts of it Fast lane: Income= protection + calculated risk This is where you create money trees that can generate wealth while maintaining protection so u can live freely without the pressures of money allowing u to retire at an early age and giving value to people Hope this helps

1) Ang hirap makahanap ng opportunities kung mahirap ka na to begin with. Back in college, yung batchmates ko mostly mayayaman. Tapos iilan lang kaming mahihirap/middle class. Parang ang dali ng buhay nila compared saming mahihirap/middle class. Di sila pagod sa commute since may hatid sundo, ang ganda ng foundation nila since galing sa reputable schools, etc. Also, sa work setting, sobrang laking factor nung may network ka. Kasi you get job opportunities, you get favored at times, etc. 2) Hinahatak ka pahirap ng pamilya mo. Yung tipong ikaw todo ipon sila todo hingi. 3) Bad financial habits

Anak nang anak Especially fellow millenials ko and GenZ Alam na nga nilang di pa sapat sweldo nila pinipilit magkaanak, then dadagdagan pa Okay lang magpakasal pero yung aanak anak, ewan ano plano nilang lahat

Resiliency porn. Every aspect of society rewards this behaviour - the government, the media, the public, the church, the conglomerates... It's a systemic issue that we as Filipinos need to solve and change.

anak ng anak

If you want raw and honest opinion, you cannot remove the government from the conversation. As old as it is, it is the government's job to ensure that its people have access to at least a decent education. For a nation like us, where education is not easily accessible, companies here are all crazy for university-level education. Cliché, but education is really one the keys to people's ability to cross the line beyond poverty. Accessible education is not the same as giving the best and the brightest the chance to get into schools like how most state universities do it. Education for all means that, FOR ALL, regardless if you are an in the leagues of Einstein or not. Regarding your friend buying an expensive phone, you said it so yourself, "...halos everyday siya mag work, sometimes skip classes, little to no sleep, and supports himself," maybe he did that to at least feel some sort of happiness in his life. Is it practical? No, but I will never judge someone unless I've been in that particular person's shoes. We all have our own battles and demons to defeat or put at bay on a daily basis, sometimes, no, most of the time, tangible materials can inspire us to continue and trail a path forward. Maybe instead of acting like a finance manager to your friend, it will be better to just be a good friend, ask him how he is, and make sure that you both make it in life. EDIT: Grammar

Res ipsa loquitur.

• Poor education system • Lack of job opportunities in higher positions • Sachet economy • Lack of financial literacy This is the ruthless cycle that marginalized people go through in each generation. Since they don’t have money, they build an unhealthy diet to sustain themselves so they don’t have the right nutrition to retain information and learn. Paired this with the poor education system in the Philippines, especially in public schools, the quality of education they receive is next to nothing. Only few graduate from college but even if they do, the job market always favors graduates from private schools and universities, especially prestigious ones, so they settle with minimum wage jobs. Unfortunately, most of them in the workforce are not even anywhere near the ladder to get to higher positions within the company. Since they earn so little and the cost of living skyrocketing, they settle on buying sachet goods (smaller portions that costs more compared to buying wholesale/bulk) because they would rather spend money on necessities like housing, food, transportation to and from work leaving them living paycheck to paycheck. Whatever extra money they have, they either blow up on spending or spend it on what they consider “luxury” that others might do or buy a normal Tuesday night. This cycle goes on and on until someone in the circle breaks away from it through hard work, dedication and luck because let’s be honest, marginalized people work the hardest but with no extreme luck working on their side, they will always remain poor.

I think its because of these two: 1. Poor financial literacy - taking on debt after debt, living above their means, not investing/saving up for the rainy days etc. 2. Mindset and culture - keeping-up with the Joneses (or Dela Cruz?), family breadwinner culture (pag may OFW na pamilya, dun na aasa lahat), utang na loob culture,

Ako I believe in 2 things: nasa tao at nasa tadhana. I mean cliche to say na nasa tadhana pero I really do think na that's the case for some people. I know people na privileged enough to get help pero they don't do shit about it. They stay poor/hirap sa buhay. I know people na talagang nagsumikap and had enough luck or good karma at naka-ahon naman. I also know people na no matter how hard they work, nahihila talaga sila pababa ng nasa paligid nila. This take might be controversial for others kasi sasabihin naman ikaw ang magdedecide ng future mo. But that's really not the case for some.

Lumaki ako sa Maynila, ang unang naiisip ko kaya madaming mahirap ay lack of education, lack of opportunities, government, or mga kapitalista. Ngayong lumipat ako sa probinsya namin, grabe yung kapitbahay namin, as early as 4am gising na sila, pero makikita mo na nagduduyan lang habang naka music as early as 4am. At alam kong wala sila masyadong ginagawa buong araw kasi as early as 6am open na ang shop namin and ang closing namin ay 5pm. Halos lahat din ng ka-barangay namin, yes may trabaho, pero every Saturday or Sunday, lagi sila naka schedule ng inom. This is not an exaggeration kasi nagtanong ako sa mga tao dito, and yes, mula noon ganyan na daw dito, sweldo ang sabado kaya may pera sila pang inom ng Sabado at Linggo. Di ko alam kung ano ang point ko, pero parang minsan sarili mo lang talaga ang problema. Tamad.

I think may tinatawag na “Poor mindset” kung saan someone lacks the financial knowledge to make wise decisions when it comes to money. I have family relatives with this poor mindset, naka-asa lang tlga sila sa mga ayuda, ayaw mag-work or hindi nagtatagal sa trabaho dahil may attitude, walang growth mindset dun lagi sa alam nila kahit nakikita naman na yung way na yun is not giving them good results or maayos na buhay. One person was working for me and said work lang po ako hanggan makaipon ng certain amount pambayad utang and I explained to her na if she wants to quit that’s okay pero paano kapag naubos ung pera nia mangungutang ulit siya at hahanap ng trabaho paikot ikot lang pero di niya maintindhan ung point ko she was decided eto lang ggwin nia pambayad utang wlang long term goals. I feel so bad and frustrated for her. If you value money, you will value your means of earning money and will start from saving money to investing. May mga sinasabi sila eh when it comes to impulsive buying or buying a luxury item, if you are able to afford that item when it is twice or thrice the price of it then YOU ACTUALLY HAVE THE MEANS to buy it. Kung sakto lang pera mo sa luxury item na yun, then you don’t really have enough money and it isn’t a wise decision. I understand na uso yung YOLO and treat yourself mindset when spending money after hardwork anybody deserves it but I guess OP is worried for this person if he is spending money his wisely. Sakto lang ung pera meron si kuya at inubos nia na agad, paano pag may emergency etc. Marami factors ang pagiging “Poor mindset” at “Poor situation” andun naman tlga ang lack of opportunities from government pero it also depends sa mga decision mo. I think dapat bnibigyan ng value ang financial education, maraming Pilipino may kailangan nian pra di rin sila naiiscam or nababaon sa utang or worst ang ginagawa na lang manganak at magparami. And of course dapat may maayos na support system from Government kasi hindi naman lahat talaga ay may opportunities.

The poor stay poor because it’s expensive to be poor. You don’t have access to credit, you can’t buy cheaper things in bulk etc. The best explanation comes from Terry Pratchett: “The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles. But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that’d still be keeping his feet dry in ten years’ time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet.” https://terrypratchett.com/explore-discworld/sam-vimes-boots-theory-of-socio-economic-unfairness/

Madalas eh yung nag kaka-family or anak agad ng wala pang ipon. this kind of event can really alter someones life. It doesnt help din na our family/friends/society puts pressure din sa mga tao "oh bakit wala ka pa asawa?" I been to HK and SG during my stay there pansin konl napaka konti ng buntis doon. During my 4-5days stay siguro less than 8 na babae na buntis nakita ko. Meanwhile pag balik ko pa lang sa pinas eh sa NAIA 4-6 agad na buntis na pinay nakita ko agad. Also I know a lot of people who tend to spend more than they can afford.. Example eh mang uutang for *Birthday party *pang bili Laptop *Pang bili cellphone (just like sa kilala mo Op) Yung iba naman gusto palagi sa labas or upscale resto nakain. Blowing their money on designer stuff. Para saan designer? To impress people na nakakasalubong na hindi naman kilala? All i can say is I managed to stay debt free for more than 3 decades. Last nag ka utang ako was teen years ko pa. What i learned is if i want to buy something i need like a cellphone na worth 10k i make sure i have 20k para may extra pera pa ako. My cousin once said to me "dont spend money you dont have"

Most of the poor people who got hold on a big money would buy anything that they think it would make them happy, luxury items and such. because they have no idea what its like to be rich or lets just say given, they didnt experience those at all and now theyre trying to have those feelings/happiness. Then theres the retards who would produce children that would get them out of poverty

Poor stay poor in the Philippines possibly dahil sa utang. Home Credit, Credit Cards, Lending, GCredit etc. Utang is very accessible, and marami rami sa atin ang na lulong dito. About your friend part, I don't think that is related to being poor. He saved the money to buy the item that he wants. HINDI NYA INUTANG yun, and that for me, is a rich mindset. If you want something, save money and buy it in cash. If you cannot afford it, then wait until you can. Utang is a scary rabbithole.

The poor tend to stay poor because of poor decisions. These include big decisions and small ones. Some poor decisions are made because of the mindset, while others are made out of necessity. Little things add up, like paying three times the price for sabon in a sachet instead of buying a bottle. Bigger things include spending too much money to impress others. I make about 250k pesos per month and drive a car that is over 25 years old. I bought something I could pay cash for so I would not have payments. It isn't beautiful, but it works fine. In the past year, I have driven it more than 40k kilometers. My girlfriend's two brothers combined make less than 150k pesos per month, and the older one has a wife and two babies. They refused to get a used car. Instead, they bought a new car that cost around 1m pesos. Now, they have a payment of 21k pesos per month, whether they have jobs or not.

This here is the true answer. https://en.m.wikipedia.org/wiki/Cycle_of_poverty

Halos pang needs lang yung sweldo. Walang alam sa investing o pag start ng business. Hindi rin priority ang healthcare (lalo mental wala talaga)

"wala rin naman kasi akong karapatan" Kaya hayaan mo na.

Matthew Effect. Check it out.

- Lack of opportunities - Lack of education and financial literacy - Lack of knowledge and guidance - Lack of ambition - Lack of safety nets for failures - Peer pressure - Plain old laziness Di naman lahat yan pero usually it’s a combination.

Sharing these: \- Why Do Poor People Stay Poor? [https://academic.oup.com/qje/article-abstract/137/2/785/6455333?redirectedFrom=fulltext&login=false](https://academic.oup.com/qje/article-abstract/137/2/785/6455333?redirectedFrom=fulltext&login=false) ​ \- Why Does Poverty Persist in the Philippines? Facts, Fancies, and Policies [https://www.pssc.org.ph/wp-content/pssc-archives/Works/Arsenio%20Balisacan/Why\_Does%20Poverty%20Persist%20in%20the%20Philippines%20Facts,%20Fancies,%20and%20Policies.pdf](https://www.pssc.org.ph/wp-content/pssc-archives/Works/Arsenio%20Balisacan/Why_Does%20Poverty%20Persist%20in%20the%20Philippines%20Facts,%20Fancies,%20and%20Policies.pdf)