Hi there guys, I would like to talk about a behavioural trait that I have observed in two people which we really ought to avoid. It is this tendency to keep busy simply to appear busy - allow me to begin with my nephew. He recently had an economics exam and he asked if he could skip a tutorial with me so he could spend more time revising for the exam, I said no: you need the tutorial. The reason why he has tried to do that is because the tutorials with me are a stressful, difficult process: I will ask him difficult questions about economics and even if he does know the answer, I will find a different, more difficult question to test his understanding on the topic. Whereas if he was sat in his desk, staring at his economics textbook, his parents will think, "he is working so hard, he has been studying all day! What a good student he is!" He also feels that he has a clear conscience if he has been 'studying' all day - but A level economics is not an easy subject, it cannot be compared to those Magic Eye puzzles (have a look here if you're not familiar with it). Those are 3D images that will magically float out of the picture when you stare at it for long enough; my nephew isn't going to magically understand his complex syllabus if he stares at his economics textbook day and night - no, if he doesn't understand parts of the syllabus, then he needs someone like a teacher to explain the topic to him. This is why my nephew is scoring so badly in this subject despite apparently working very hard and being the model Asian student who spends so many hours revising; however, given the way he revises by staring at the textbook without being challenged if he understands what he is reading, he may as well be playing computer games or basketball, as it would still just lead to the very same result.
I am also aghast at how his education system is still based on the belief that keeping students busy is the answer to everything. My nephew is given an insane amount of homework by his teachers and there are punishments for students who do not finish their homework. However, there are gaps in his knowledge given how challenging the A level syllabus is and instead of dedicating time to help the weaker students in class who need individual attention, the teacher simply dishes out more homework if the student doesn't perform well in tests. Their logic is that if the students are forced to do more homework, then they are forced to go through their textbooks and notes more often and thus would become more familiar with the syllabus - there is this assumption that if you do this often enough, something will just click in the students' minds and they will understand all these complex concepts. Left without the possibility of getting any help from their teachers, the weaker students are then expected to find help externally, outside the school system. In Singapore, this usually takes the form of private tuition. I am shocked that the teachers are not held to account for this ridiculous, illogical approach to the problem - that they can use this old-fashioned belief of keeping the students ridiculously busy in this day and age, when we certainly expect our teachers to be a lot better trained and more enlightened when it comes to dealing with weaker students who need extra help to get through the exams. The worst part of it all is that my nephew doesn't question the tactics of his teachers - he doesn't realize just how awful they are, he does not question the system.
My regular readers will know about my friend 'Vera' whom I have talked about in quite a few posts - she has been stuck doing personal training for a few years now and keeps complaining that she is poor. She is in her 30s and can barely make ends meet. So what did Vera do to try to get out of poverty? She started doing a degree but good grief, the degree is in photography and she is doing it at a university which is ranked 114th out of 130 British universities. Where do I even begin? Firstly, the degree is not worth the paper it is printed on if it is from a university languishing so near the bottom of the league table at 114th position. Secondly, the art photography is changing so quickly with practically everyone having a high quality camera on their phones - the moment we see something interesting, we take out our phones instinctively to take a photo. There is money to be made in photography of course but it is the people adapting the technology for smart phones who are on the cutting edge of this technology and they are the ones making a lot of money. Vera now has this dream of becoming a famous photographer and I'm like, really? You wanna be the next Annie Leibovitz or Cindy Sherman in this day and age? I'm not saying that professional photographers are a thing of the past but it isn't exactly an easy route for Vera to pursue if she wants to make money. Look if Vera was a rich kid with parents willing to support her dreams of becoming a famous photographer, then I would mind my own business. But I know she is a woman in 30s desperate to escape her poverty, that's why I think she is barking up the wrong tree by doing this degree in photography.
Regardless of the fact that her university is nearly at the bottom of the league tables, they do keep her very busy by giving her a lot of assignments and projects to do. I recently saw on Vera's Instagram that she had just completed a big project for her university and there was an exhibition of her work - clearly she was very proud of what she had done and posted some of the content online. I could only shake my head in disbelief, after all, Vera was doing exactly what my nephew was doing. She is keeping very busy, she is working very hard and not getting enough sleep because she is dedicating so many hours to her latest photography project but is she any closer to making any money to get her out of her dire financial situation? No, she isn't - quite the opposite in fact. Not only is this degree getting Vera further into debt, all that time she spent working on her degree is time she could have spent earning more money doing something else more productive and lucrative. But is Vera lazy per se? No she isn't, but she isn't making wise decisions about her future. However, I can see why keeping so busy gives Vera a false sense of security: as a society, we chastise those who are lazy and we praise those who are hardworking. So when Vera puts in hours of hard work to do her photography projects for university, she feels that she can say to the world, "look, I'm working so hard, praise me for my hard work!" Some people would be culturally conditioned to give her that praise on the basis of her efforts whilst others like me would be more cynical and ask, are you getting paid for all that hard work you're doing? So what do you actually get out of it then Vera? Will that degree lead to a well paid job in the end, is your university going to help to find a job after you graduate?"
I have actually perfected the art of 'looking busy' during my time in the army - after all, we were all paid according to our rank rather than our output, so there was zero incentive to try to be more productive or contribute more. However, being lazy, slacking off and not pulling your weight is frowned upon and could even make you deeply unpopular amongst the people you have to live and work with. In fact, if the officers thought you were just sitting around doing nothing, they might punish you by making you do something like mop the floor or clear the weeds in the car park, just to keep you occupied. Thus we had to learn how to 'look busy' to give the impression to not just our officers but to our peers that we were indeed very busy when in fact, we were doing very little. A good example of that was a project that I did to look very busy but actually accomplished nothing. My army unit was housed in a very old building that dated back to the 1960s and whilst some other units had lovely new buildings that came with loads of modern luxuries like air-conditioning, we were in this dilapidated old building. To avoid being asked to mop the floor or clear the weeds in the car park, I got the permission of my commanding officer to start a project to improve the surroundings, to make it more comfortable for everyone and there were budgets available for projects like that. So I started this project to look at what could be done with this area between the building the car park, I started drawing elaborate plans to turn that empty patch of land into a nice garden. My intention was never ever to follow through with the plans but to have something to give the impression that I was occupied with a meaningful, purposeful project - please leave me alone, don't try to get me involved in anything else!
Before I could turn that patch of land into a beautiful garden, in order to decide what kind of plants would suit that landscape, I had to consult all the senior officers as the garden was for them. So the consultation process took forever as some of those officers had strong opinions about what their ideal garden would be - don't forget, this is Singapore where 80% of the population lives in HDB flats, for most of these officers, this was their first time when someone told them, "we're making a garden for you, what would you like to see in it?" Oh they couldn't resist and some wanted loads of flowers, others wanted a Japanese rock garden, one officer even wanted to see fruit trees and local vegetables grown to reflect a traditional farm. So in order to give each idea a fair chance, I would create a tiny sample to showcase each idea: so for the flower garden, I was given money to buy a pot of orchids. For the Japanese rock garden, I procured the budget to make a sample rock garden that measured 25 cm x 25 cm only and for the farm idea, I simply planted a few tomato plants. Oh I knew exactly how to string it out to make it look like it was work in progress - even when the officers gravitated towards the Japanese rock garden idea, then I would say, "there are different kinds of Japanese rock garden designs - I must go to the library to do some research on what can be done in this space." Oh we didn't have the internet to just look up images on Google back in the mid-90s, so I had to go to the library of course, where I spent so many hours sleeping on a big pile of books about Japanese culture. The garden was never completed and thus I simply passed the garden project on to someone else to take over when I completed my national service, in full confidence that he would never complete it either. The project was never to create a beautiful garden - it was merely an act, a cunning ruse.
My uncompleted garden project was a cynical (and successful) attempt to convince those around me in the army that I was too busy to be asked to help with anything, so people would leave me alone. It worked shockingly well - I shouldn't have been able to get away with it but it worked. But in this case, I had complete self-awareness that I was nothing more than a fraudster and a liar trying to mislead the officers I worked for in the army. In Vera's case, the sad thing is that the only person she is trying to mislead is herself - her parents are not looking over her shoulder and asking her what to do with her life, if she was being lazy or busy; not at her age, she is already in her 30s. If she makes a very bad decision, there simply isn't a parent or adult in her life to hold her to account and force her to take responsibility for it. Whereas in my nephew's case, there's an element of him fooling himself but he is also socially conditioned to show his parents that he is a hard working person who is studying hard, because in our culture, we tend to reward this kind of behaviour. No one questions however if him staring at the economics textbook is a good use of his time or not, they tend to have this very simplistic "studying hard = very good boy, playing computer games = very naughty boy" attitude. I do know where this attitude has come from: when I was a teenager, my parents were not educated enough to help me with my school work but they knew that if I was at home studying, I was not hanging out at the shopping mall, getting up to no good. They placed a lot of emphasis on the act of studying and it was seen as an act of discipline, of denying yourself the right to enjoy fun leisure activities, but they could never actually evaluate if I actually spent that study time productively or not.
This reminds me of a skit by one of my favourite comedians Pam Ann - her real name is Caroline Reid but Pam Ann is her alter-ego where she plays the cabin crew from hell. One of her most memorable skits is about how she can pretend to look busy whilst ignoring passengers. I actually found that skit on Youtube (see below) but that's what happens when people are placed in a position where their salary is not dependent on their productivity, so they end up trying to do as little as possible whilst still getting away with it. My regular readers will know that I have just started a new job - as a business development consultant, my job is essentially to help the company find more clients and make more money. So one of my first tasks is to make a list of ten things I want to do to help increase our business; my bosses don't care how much (or little) effort I put into coming up with that list, as long as enough items on that list do generate some decent results. Welcome to the real business world, where we are evaluated on our results and not our efforts. To be honest, I spent no more than 30 minutes coming up with that list and whilst I have a draft of it, I probably will then spend another hour typing it up into a proper report. I don't think my new boss will care how I present those ideas, as long as they are good ideas that will work well. I was promised a big bonus if my ideas could deliver brilliant results and therein lies my incentive to succeed rather than just 'look busy'. By the same token, if none of those ideas worked, well then I would be sacked - it is as simple as that. My new employers are paying me to succeed, not to try extremely hard only to fail. In sharp contrast, there are environments of course (like the army), where you can simply coast along and look busy but do I want to see my nephew end up in a job like that? Of course not, perhaps I'm biased, but I do want the very best for him.
Allow me now to talk about this guy at my gymnastics club: we'll call him Ali (not his real name). Ali would love to be able to do all these difficult gymnastics tricks but he is very afraid of falling - oh dear. Not a good start for a gymnast. When we're learning new skills, you're never going to get it on the first attempt. You're going to fall on your head, your face, your ass, your stomach, your backside, your knees - you're going to fall in ways you never knew possible until finally, you figure it out and land on your feet. Ali doesn't want to go through all that, so he avoids it each time by saying, "oh my arms are not strong enough, I am going to do some exercises to strengthen my arms before coming back to this skill." Or "oh I am not flexible enough to do this skill, I need to go stretch now." Each time he falls, he makes a mistake to run away and do something less scary that doesn't involve the possibility of falling again. If I see Ali in the gym, I am always seeing him doing something like stretching or doing strength exercises - anything but actually training the skills he is trying to learn. So is Ali lazy? No, he is turning up at the gym regularly and when he is in the gym, he is always occupied, he is always doing something (unlike some of the people who turn up and spend half their time there on their phones, don't even get me started). So by that token, Ali is definitely always busy in the gym but is he actually productive? Is he making any progress? Is he learning any new skills? No, he isn't, because despite being 'very busy' in the gym, he is anything but productive and on top of that, he wouldn't listen to anyone's advice. After all, he is an adult, I can't tell him what to do.
I predict that Ali would eventually give up on gymnastics and that's fine - evidently, it's not the right sport for him, but for people like Vera - I don't even think that people like her can be helped. You can bring a horse to water but you can't make it drink. I don't even understand what is going on in her mind; it's not like her parents are going to give her any money if she appears to be busy. No, it is something she isn't doing for monetary reward - a friend commented, "oh at least I hope she is having fun doing a degree in something she enjoys and is passionate about. Perhaps it makes her happy and surely that's a good enough reason for her to do it then?" I had to point out that there is a massive difference between having a hobby that you do on the weekends and a 3-year degree programme that stops you from working full time. If Vera was as rich as the Kardashians, then yeah you could do a degree for fun, just to challenge yourself - that's exactly why Kim Kardashian is doing a law degree; it's not like she has any intention to pursue a career in law. After all, she is married to Kayne West and currently has a net worth of about one billion (not million, but billion) US dollars - this woman is so rich she clearly doesn't need a degree, but for some reason, she feels she has a point to prove by studying law. But clearly, as a woman who is struggling to make ends meet, Vera doesn't have that luxury. After all, I do know what it is like to be poor, I grew up in a poor family and that's why I think Vera's priorities are totally wrong - she should be a lot more focused on improving her financial situation, rather than simply being busy for the sake of feeling good about being busy.
Even I am still culturally conditioned to believe in the value of 'looking busy' - allow me share with you what happened yesterday. As you know, I have just started my new job and I am not confident enough yet to promptly leave the office when I want to, whilst I have others who would simply say, "it is going to rain very heavily, I'm going to go home before the rain starts." I felt tempted to do the same yesterday but that would have meant leaving the office before 4 pm and I thought, how would that look? I had a long list of things I had to do of course and quite honestly, I could have left at 3:30 pm to work from home if it meant avoiding the heavy rain that was due to start at about 4 pm - parts of London received one month's rain in just 24 hours. I hesitated and thought I would chance it with the rain; in the end I went home in the middle of a torrential downpour at 5:30 pm, kicking myself: why didn't I just go home early like everyone else? Why did I feel compelled to stay in the office knowing the storm was on the way? My common sense told me that it made complete sense to go home before that big storm arrived but there was a part of me that was worried what others may think if I had left the office so early. In hindsight of course, I don't think my directors would have cared what time I left the office, they would be far more concerned about how productive I was in terms of getting all those things on my 'to-do' list done and what kind of results I will be able to generate in the short run - if I am able to hit the ground running, or if I am struggling.
So there you go, that's it from me on this issue, what do you think? Why are we culturally conditioned to look busy? Why do we make the assumption that someone who is busy is always more productive? Is this about the image we're trying to show others, the impression we're trying to give them? Or is this more a crutch that we use to assure ourselves that we're on the right path, that we're not lazy? How do we break out of this cycle of feeling the need to look busy and focus instead of being productive? What is behind this mindset? Please leave a comment below and many thanks for reading.
Sorry if this will sound harsh, but photography and other arts type of degrees are the ones where you cannot "appear busy" to make money. I have friends who have art degrees and it is sooo sooo hard to find a job, let alone a paid job, because too many people like art and are willing to work for free. Also a lot of jobs are contract jobs and not steady jobs.
ReplyDeleteBut back to your question. I think the problem with appearing busy is that with each failure there is no follow-up to learn from the failure. Your nephew can revise all he likes and take practice exams and fail them. But is he looking at the failure and seeing what he did wrong and avoiding it next time? Similarly, Vera is doing a photography degree, but is she sending out resumes for summer internships to check if she's doing the right projects that companies like? Appearing busy sounds like doing actions without adjusting them in response to results.
Feel free to be as harsh as you want on Vera - is it possible to make a living from photography? Yes, but will the course she is taking bring her any closer to a stable career which will allow her to escape her poverty? Hell no. No way. But in Vera's case, she toyed with the idea of doing a law degree then when she did her research and realized just how difficult it was, she decided to pursue a different route - doing a degree in photography but from one of the worst universities in the UK. Hey, that's what league tables are for - thus this way, she merely has to pay the fees, they will keep her very busy and she feels she is doing something useful simply because she has paid them to keep her busy. But really, what will happen to her financial situation after she graduates? She would have lost 3 years of income (she can't work full time whilst she is a student again) and be up to her eyeballs in student debt - it's a shockingly poor decision from a financial point of view. If she was as rich as the Kardashians, then she can do what the hell she likes but I do know how she is a) very poor and b) desperate to escape poverty. Go figure.
DeleteSo in my nephew's case, I think it's a question of priority and goals. Does he want to a) appear to be a good student who studies very hard by dedicating hours to revision, homework and sitting at his desk staring at the textbooks or b) prove he is a bright student by scoring great results. I'm afraid a) is a lot easier than b) - not everyone can score straight As of course but it's far easier to achieve a) even if you do spend hours staring at something you don't understand. It's like if I gave you a book Amanda but aha, that book is a Russian book and you don't speak Russian at all. You can stare at the book for 12 hours a day to mimic a hardworking student, but are you any closer to understanding that Russian book? No, of course not - you need either a teacher to teach you Russian or to translate that book into English for you, but either way, on your own, you're not going to figure it out by just staring at it.
I was gonna say maybe she should've done engineering. But it's kinda cruel to ask someone to do something they don't like for money. I could never go to medical school even though it's a high paying job. Though I have friends who did make it with a photography degree, but not as a photographer. Maybe just working in advertising would be viable, but one needs a great portfolio and lots of networking to land these good jobs.
DeleteWell if you wanna go down that road, I know this sounds sexist, but how would you feel if I told Vera to just marry a rich old man for his money? How far would one go just to have an easy life? Thus you're right - it is cruel to ask someone to do something they don't like for money. Who knows what Vera thinks she can do with a degree in photography - I'm cynical but for her sake I hope I am wrong.
DeleteHmm, I never thought of marrying for money vs. doing a degree one doesn't like... Maybe because I'm from a well-off background where people can afford to pick any major they want without considering the financial benefits. The typical working class brit is probably going to be more practical than Vera when choosing a major. But there's a big difference between wanting to be rich, and willing to sacrifice something (not exactly dignity) to be rich.
DeleteIn Asian culture there's the stereotype of the strict parents saying "just do medicine/engineering for 10 years, make a lot of money, and then you can do photography/art as a hobby." You sorta do that now, work in finance part time so you can do other things in the other hours.
Well, I have actually seen people get into relationships for money and for me, I don't make a moral distinction between that and doing a job they dislike just to earn enough money to put food on the table. Vera is clearly unwilling to do that and of course, that's her choice. LOL if I had been any more good looking, I would have considered that but alas, I am not and so I have to use my brains to make a living instead. Speaking of which, I'm actually working full time again. The thing is that I love traveling and that's very difficult still during a pandemic, so I may as well make some money whilst I have the chance to do so then I can jet off once the world reopens. But I am hoping to do so for business as well, I know my current boss once flew to Mauritius to meet a client - all the way there for one meeting and if that's his style, then yeah he'll take me with him on trips like that as I am his right hand man now. But until the world reopens, so it's not like I don't wanna work - if that's the kind of work on offer, I'm in. I can rock up in Mauritius and speak to them in French!
DeleteMaybe I don't understand the concept of marrying for money because I'm on the asexual spectrum. It deeply offends me when I meet a guy who seems interested in me only because I make more. I would be worried they'd leave if I ever got sick/disabled and can't make a lot anymore.
DeleteY'know, I read some articles online about how surprisingly being rich and educated makes a woman more likely to be married. It surprises me that Vera is still single since you say she's pretty, but when I talk to some guys they say a woman with her own job that can handle some of the expenses(rent, groceries) is more appealing than a woman who can't contribute. I wouldn't say men are getting more greedy nowadays and demanding pretty + rich, but the expectation of the man shouldering all expenses nowadays is almost gone.
Oh yeah with the pandemic going on can't really go out and do things anyway. So you get to meet clients in exotic destinations to close down deals and eat delicious food and stay in luxurious hotels? Not a bad deal if you get paid haha.
One thing about marrying for money is that it can be empowering: allow me to explain it like this. I once met a young gay guy from an Eastern European country who had a sugar daddy older English boyfriend. It was obvious what was going on in this relationship but hey, it wasn't like this young gay guy was ashamed of what he has done - in fact he was rather proud that his physical beauty has enabled him to do something like that. For him, getting a rich boyfriend is on par with me getting a promotion at work: it is a sign of our achievement, it's us putting our talents to the best use and getting results. But no, that relationship didn't last - if it's based on an exchange of mutual needs (money-sex as opposed to love), then it's hardly a good basis for a long term relationship.
DeleteVera is pretty enough, she is short but everything else looks great. But no, she is in no hurry to settle down - I can see she is idealistic, she is looking for Mr Right, the perfect guy, that's the same kind of desire that made her pursue something she is passionate about (photography) without considering just how useful that kind of qualification/degree would be in the real world.
I got to meet someone today who made £3.5m this year (ie. Jan to mid-Jul) - that's approx 4.85m USD and he was younger than me - there's a part of me that thought, I want in on this action. I don't think he's that smart or special, he's just a good salesman and he is a monolingual Brit who only speaks English. Surely if he can make that kind of money, then so can I. So we're not talking about just having a job and getting paid, we're talking about making several millions here.
When you put it like that and it's a short term thing both parties can agree on, I suppose its nothing different from an even shorter short term arrangement that is more common (e.g Las Vegas). The kind of marry for money I thought you were talking about was 10-20+ years.
DeleteThere's nothing wrong with trying to find the right guy, but she should probably learn to take care of herself before finding Mr. Right. I'd say Vera is very idealistic. Nothing wrong with that, but if she wants it all then she's gotta be really serious about this photography degree and what career path follows. You already mentioned she already has a degree but bounced around different jobs which is how she ended up here.
Whoah that's a lot of stacks of cash. Probably could fund many vacations when the world totally returns to normal after covid. Asia, South America, and Africa still aren't highly vaccinated so that rules out 3 continents to visit.
The reason why "marrying for money" works for some women is that they manage to have children with the rich man, then even if the man no longer loves that woman, he loves the children and he wants the wife to be a good mother to the children; that's the way I see how it has worked for some of these couples. But with gay couples, forget it, no children are involved so the rich guy would ditch the younger guy a lot more quickly. It's harsh but there you go. Either way, that's not a route for Vera, she has clearly said no to it.
DeleteIf I could make that kind of money, I would work hard for a few years, accumulate a nest egg then just retire, relax, enjoy life - a couple of millions would be enough to sustain my retirement!
Lol yeah gay couples are usually very solid before any children are involved. Well it is a transaction, there isn't sentiment on both sides.
DeleteI heard some athletes who aren't very famous just make a couple of million, and then they retire on that using the few million to supplement a low-paying coaching job. People say England sucks at football for this very reason, because young English players get paid millions per year just to sit on the bench that they have no motivation to succeed, unlike Spain/Germany/Italy where football wages are not as high. I've also read stories of people who worked in investment banking saving up and retiring at 31. Yeah you probably should ask that person you met how you could get into a similar kinda role to them and make stacks.
Well I think it's fairly pointless for two people to stay together if they are no longer in love; I'm not saying that one should remain madly in love after 20 years of marriage but it will evolve into something a bit more stable, something that you want for the rest of your life with the person you love. Whatever that is has to be anchored in the relationship between the two adults, rather than "oh we must stay together for the kids". I have seen how my parents stay together because they're afraid of being alone and that's just not a good enough reason especially if you don't get along - but hey, I'm not close enough to them to tell them what to do.
DeleteYes I am working with that young guy making millions, I still don't know how he does it. It's probably because I have my prejudices against certain kinds of people, for example - he is monolingual and immediately I judge him on that but I should open my mind and say to myself, "you don't have to like him, just find out why he can make that much money and you can still learn from him without having to condone his shortcomings."
I think I've said before how I think its an advantage for gay couples to have birth control be the "default" setting. I also resent how straight people think being "fertile" is such a huge achievement, but have no idea how to raise children or forget to consider their own life achievements.
DeleteI think you said in a previous post about how being able to speak Mandarin in Singapore isn't that huge of a bonus. But yeah, sometimes other people being successful despite doing things completely differently is baffling. I wonder whether this guy sells a huge volume of things, or sells a few things that cost a lot each to make his millions. I guess leaving your old company was a blessing in disguise eh?
Btw Alex, I'm surprised at how there is such a wide range in salary of sales. People usually think being an engineer/programmer/doctor/professor is a good job, but it's not that common for these jobs to crack a million dollars/year in salary. Also, the "stable" careers usually top out at $200-300k usd/year over an entire lifetime, unless you're a plastic surgeon in Los Angeles. It makes me wonder if someone has compiled a chart about the median, mean, and max yearly earnings for each profession over an entire lifetime. Would you say your field has a higher or lower mean salary than engineering? Because it definitely has a higher max, but then again acting has a very high max but a very low mean salary because of all the extras needed in films.
I know this is quite an un-PC way of looking at the matter but I think LGBT people have an advantage in the workplace because employers think, "you're never going to have to suddenly take a day off if your child gets into trouble at school and you get that call from the teacher in the middle of the day." Of course, that's just one part of the equation but I did meet a woman recently who revealed that she had six children - SIX! My first thought was, how on earth did you continue working when you have had that many children to take care of? But no I didn't know her well enough to challenge her choice like that so I just smiled as she told me stories about her big happy family and I kept my thoughts to myself.
DeleteThis young guy is super successful because he manages to find new clients for the company. I don't quite know how yet but I intend to find out. But leaving the old company was the right move - I think that psychologically, I needed someone to light a fire underneath me. In my old company, I was so confident in what I was doing that I could wake up at 9 am, check that there's nothing urgent on my phone then roll back and sleep till 12 noon knowing that I could do everything in my own time and still be okay. But in my new job, I do feel I need to work a lot harder to prove myself and show some results quickly - even just having that mindset is enough to make me more productive already.
Oh hands down, people who work in banking earn several times more than engineers, by a long way - there's absolutely no comparison. We're not talking 20% more but more like x4, x5 times more. But then again, it depends on the role you play within the industry. In my old company, there was this lady called Katya who was the admin office manager - she was paid a decent salary but she will never make a million dollars a month like the most successful sales people out there. You truly wanna make money, you go into sales, insert yourself as the middleperson in a multi-million dollar deal and get your cut. That's the fastest way to become a multi-millionaire in a ridiculously short space of time. (Vera should be taking notes here but would she listen to me? No.) So someone like Katya may work in banking but she is earning a very modest salary whilst that young man I work with right now is averaging approx 650k to 700k USD a month. Not a year, a MONTH. It's freaking insane how quickly he earns and there's just no way an engineer can ever match that no matter how brilliant you are as an engineer. There is this disconnect ... there simply isn't a clear correlation between how 'smart' you are and how much you get paid in engineering whereas in sales, it's a lot more straight forward: sell more and you'll earn more. The more you sell, the more you earn.
6 kids? Does she even make a lot? I'm already worried about whether my salary could in the near future afford 1 dog. Not all LGBT people want to be childless though. It's just that IVF/adoptions/surrogacy are expensive so it's rare to see gay couples with large families.
DeleteSo would you say this young guy is like Harvey Specter in suits? I remember in that show the highest paid lawyers weren't the ones who went to court or had the most billable hours, instead they were the ones who brought the most big money clients in every year that would sign a long term relationship with the firm.
Actually my dad used to be an engineer before transitioning into sales. He would sell things worth millions to other companies and take a percentage of the sale as profit. As a result he made much more than what even the best engineers would make in the oil industry. Hmm, why even do a degree then haha? Though I hope to one day sell a large volume of something I made using science.
Oh the woman with 6 kids is a member of staff at the gymnastics club where I train, so the answer is no, she earns very little. Not that I judge her, I don't even know her well enough to judge her. She's polite and friendly with me but I think she's nice to everyone, that's just customer service and I respond to her friendly approach - that's why we chat sometimes when I see her in the building. But as for me, my late mother-in-law once tried to persuade me to adopt and I was like, hell no, no way, no no no, over my dead body. No way.
DeleteNo Harvey Specter has been there done that and earned his right to be highly paid. The world of sales is a lot more murky - I found myself caught in a negotiation whereby a client wants a bigger share of the commissions and wants to cut out the middle man; it's about navigating this landscape where everyone's stabbing everyone in the back to try to cut out the middle man. It's how you dodge the knife that's coming for you from behind - I generally do that by finding new markets in non-English speaking markets like South America or Taiwan but if you only speak English, then you're selling to the same people and it's all about persuading someone to buy from you instead of your competitor. Whereas when I sell to the Taiwanese, the pitch is different, I am bringing hem something that's not available in their country, it's something from the West and quite unique. But yes in sales, you don't need a degree to earn millions. It's all about dealing with people.
The fact is engineers have their salaries capped by their contracts, if they wanna earn more they have to start their own company (and that's a whole different game) rather than stick to engineering. Whereas us sales people, we're not as smart as the technical experts and engineers who make the products, but if we are capable of selling massive volumes, simply on the basis of the fact that are paid on commission - the more we sell, the more we earn. That's why it is this structure that allows people in sales to earn a lot more than engineers. Don't get me wrong, we're too dumb to make the complex products you engineers make but we end up earning a lot more. Don't hate the player, hate the game. There's no correlation between being 'smart' and how much one earns.
DeleteI just can't imagine the daycare costs for 6 kids, or having to buy 6 bikes or 6 sets of clothes. But having 6 kids probably brings her joy which is why she has them. As much as I think I want to be a parent someday, I still like other aspects of my life that I don't want childrearing to take over me.
DeleteIn Harvey Specter's case lawyers can buy a stake in the law firm when they reach high enough seniority. This was episode 1 or 2 of Suits where Harvey paid half a million to buy in. In engineering no such thing exists, unless you push for it. In my case the only way for me to make bank is to file patents and sell/license/profit off these patents. But most engineers don't think of this, they are happy with the $300k salary cap that Google or other companies are willing to offer them for a regular 9-5 job, and no ownership over patents. My boss didn't even file patents before I started demanding them for all my projects, because he's content with collecting a consistent monthly salary from teaching students who pay tuition, rather than profiting directly from research. I'm not, which is why I'm also thinking of who can I sell my patents to one day, even if other people think that's pointless because "not every patent is worth anything."
This just makes me think of the mindset of "appearing busy" compared to actually getting somewhere. One could just "appear busy" in science/engineering too and just collect a monthly salary(from teaching, not research), but their technology is not expected to be practical or go anywhere. Or they can set a huge goal like develop a new drug to treat a previously untreatable disease and make huge profits(Vertex Pharma and their cystic fibrosis drug). I have a lot of respect for the scientists in the pharmaceutical industry as a result. They get things done, file all the patents, and make huge bank for it.
Wow the world of sales is cutthroat eh? It reminds me of people selling on Amazon but in much larger volumes and B2B. I was also thinking maybe trust is a factor. What are you selling exactly? I assume its some kind of investment or financial product that should provide some steady return, and not a physical item like a statue or a supercomputer. Not every investment turns a profit, so these monolingual English speakers probably have a good reputation for being trustworthy. When they say something is a good product and is a good price, then people believe them.
DeleteExactly, if you have 6 kids, you need a lot of money to provide for them and if you're really rich, then fair enough. But if you're just kinda average, like you're staff at a sports facility, then your kids are not going to have what they need - you're not even earning enough to support yourself (ref: Vera) never mind bring up 6 kids? What kind of childhood would they have then? At least Vera still has the chance to turn her life around somehow - but this mother with 6 kids, she is already trapped in motherhood having to bring up 6 children on a very limited income and virtually no spare time between work and childcare to improve herself.
DeleteSo there you go, therein lies the 'looking busy' problem - a lot of people are given to that kind of mindset and that's why they don't go as far as some of their peers in life. As for what I do, I am still getting my head around it: here are some links on Investopedia and it can explain it better than I can! https://www.investopedia.com/terms/c/cash-and-carry-arbitrage.asp
https://www.investopedia.com/terms/a/arbitrage.asp
https://www.investopedia.com/terms/t/triangulararbitrage.asp
We don't make anything. There's no 'product' - heck, there's a shop in the building where I live on the ground floor and there's an Indian man there flogging all kinds of real products from mobile phone accessories to speakers to face masks to children's toys. The Indian man has real 'products' that we can touch and hold, for my employers, they trade. They spot a gap in the market, they rush in, do a trade and make some money in the process thanks to the arbitrage.
Even wealthy people don't usually have big families. Mostly because if you're making that much money you don't have all the time in the world to raise that many kids. I grew up in a private school, and most families had 2 to 3 kids, the most I saw was 5 but that was a conservative Muslim family. With that many kids on an average salary forget about getting an inheritance or even help buying their first car(does she even have savings? Thank god the NHS is free). I just think if I had 6 kids even though I work in stem there is no way I can help 6 kids with homework. Even with 3 kids in my family my parents didn't have time to help with homework so they hired private tutors.
DeleteOh so you're a trader. I have heard about this before from a guy I dated in finance, but his kind of arbitrage was to do with currencies specifically. I've also seen it on the show Billions which is about a hedge fund. The main hedge fund would use people in suits and fancy restaurants to convince investors to put their money where, and the competing hedge fund would hire quants to code algorithms to trade automatically.
No I am not a trader - I work for a bunch of traders. I go deal with the people who have handed their millions over to these traders so that the traders can have a big pot of money to go work their magic with. It's a crazy world where these millions hand over 1 million and they turn it into 1.5 or 2 million in a short space of time. It is the classic "the richer get richer because they are rich in the first place" scenario - they only deal with very rich investors. My boss runs a second company which is currency arbitrage and that's another fascinating game they play where they monitor minute movements amongst all the world's major currencies and then make triangular arbitrage trades - it's all a few clicks on the computer and suddenly, boom you've made a massive profit, just like magic. Totally unreal and really fascinating at the same time.
DeleteAhh okay so you're the salesperson who convinces the wealthy clients to invest with the firm. And I suppose you make more money the more clients you sign and the richer they are. Jeezus this is totally just making money without producing a single product. It's all about being at the right place at the right time to gauge how much people value what.
DeleteIt's not that simple: I am one removed. So for example, we want to tackle the Turkish market, loads of rich people in Turkey. But I don't speak Turkish, I can't travel to Turkey during the pandemic - what do I do? I speak to my contact in Turkey who is a private banker, who takes care of filthy rich Turkish millionaires and persuade him to invest with our firm, so my traders have a pot of money to play with when they work their magic. I am merely connecting the dots between the opportunities, finding the guy in Istanbul and then making sure the money flows from the rich Turkish clients to the company - the person who makes the lion share of the profits is my guy in Istanbul as he knows the clients, so we gotta keep him sweet to make sure he tells his clients to invest with us (and not someone else). I earn less than him, as I am in a less advantageous position but I do get something when I pull off a deal like that. So I am always 'one removed', so imagine if the rich client was your father. I would never speak to him. I would speak instead to his private banker who manages his wealth.
DeleteY'know growing up my dad tried to push my brother into working in wallstreet because "we need someone in banking." I had no idea this is what went on, the whole rich get richer using capital investments, I guess he wanted one of his kids to be his private banker. Would you like to be the London equivalent of the guy in Istanbul though? A private banker? I heard London has lots of home offices.
DeleteOh Amanda, I think you forget that I am 45 years old and more to the point, I intend to retire completely in less than 10 years. I'm certainly not in the position to want to continue working for another 20, 30 years to create some kind of ideal career in finance. No, the truth is I did loads of terrible jobs in the past but one thing led to another and now I am in a good company willing to pay me reasonably good money (certainly more than my last job) - it's a small company that is growing aggressively and I intend to stay here till I retire, which hopefully will be within the next ten years. If I was 24 years old again, then yeah I would have done things differently but not only am I already 45 years old, I fully intend to retire much earlier than my parents to enjoy life. I don't have any children to bring up, so what's the point of earning millions if I am only going to work myself to an early grave? No no no, my aim has already been to accumulate a nice retirement nest egg so I can retire in my early 50s (which is just around the corner) then I can enjoy life. Feel free to criticize and judge me if you want but that's my stance on the issue. I'm going to make this current job work, I'm going to make some good money here and then I'm cashing out and retiring early.
DeleteOh okay that's fine. Well I suppose you're already making good money and not having any children means you can afford a lot more. I guess at some point one has to wonder whether they have too much money, since a mansion doesn't make that much of a difference compared to a decent apartment that costs a few thousand dollars a month. An early retirement sounds great, you'd still be healthy enough to travel a lot without having to worry about work after you come back. Meanwhile I'm still a middle class person in my 20s wondering where my life and career will take me.
DeleteWhat I have done is successfully inserted myself into a lot of brokerage deals, so I am in a position to get a small cut if these people ever do any business. On top of that, I do have a range of passive investments over the years, such as my property portfolio which I derive rental income from; and besides, I'm debt free, I have no dependents, I was already semi-retired prior to the pandemic and traveling a lot, then came Covid and now I may as well work full time, make some money whilst waiting for some kind of normality to return to allow me to travel again with more ease. Going to Portugal was stressful with all that testing, I'm sure you've heard enough stories of all these athletes turning up in Japan for the Olympics only to test positive for Covid and be forced to miss the Olympics - it's heartbreaking. I could have easily tested positive for Covid before, during and after that trip to Portugal mind you.
DeleteLol yeah you're still a millionaire, but with not much opportunity to spend that money because of covid.
DeleteThe Tokyo Olympics has been very messy since 2020. As much as it would prevent the spread of covid if it was cancelled altogether, a lot of investment has already been poured in (both in terms of infrastructure money and athlete's training time) which would all be for nought. I've never really watched the Olympics but the fact that they roll around only once every 4 years must really suck for athletes who may be close to retirement. Hell I was already pissed when a scientific conference was cancelled and I didn't get to go on an all-expenses paid trip to Portugal, and these conferences happen every year and I've got decades left in my career.
I am going to be publishing a latest blog post soon regarding my experiences in the new job but in the meantime, do take a look at my next post about stupidity.
DeleteWhat brought it home to me was the US Gymnast Kara Eaker testing positive for Covid after she arrived in Japan - no symptoms, she is young and super fit, Olympic ready, plus on top of that she is fully vaxxed yet she can still get Cvoid. Now it's like, oh if she can get Covid and she was training/traveling with the team, who else on the team is gonna get it or will get it next?
Oh and just to finish it off: my objective is to make hay whilst the sun shines, once I have accumulated a pot of money like 5 to 6 million USD, then I can easily allow the wealth to work for me if it is invested wisely. Then I wouldn't have to lift a finger and still have plenty of money each month from the returns on the investments - I wanna achieve that by my early 50s, then I will properly retire and enjoy life whilst my body is healthy enough to travel around the world.
DeleteI think it stems from herd mentality (follow the group), and pressure to conform culturally (afraid of standing out). There is also the assumption that everyone has the same productivity and that is constant over time (which is ridiculous), so more time spent means more productive.
ReplyDeleteSo what do you think it would take for one to think more independently, rather than simply succumb to this herd mentality and just conform without thinking for yourself?
DeleteSorry for the late reply. Somehow my previous reply didn't get published. Any case, I mentioned that one should adopt open mindset and have the courage to explore new ways of doing things, making mistakes and learn from them. From there, building self confidence gradually. Being in the open culture/ environment is key.
DeleteHey Limpeh. Firstly just to say I really enjoy reading your blog and am surely one of your fans. I am also UCL Geography graduating (BA Geography 2015) from Taiwan and live in the UK.
ReplyDeleteI think there needs to be a balance between doing stuff for passion and for financial reasons. Luckily I am one of those from privilege backgrounds and so far I am enjoying my job teaching music so It's like earning money with my hobby after finishing my geography degree (well maybe not because I was training in a music specialist school from 8 to 18). I am returning to geography though to do a PGCE in Secondary Geography in September, giving up my part time job as a debt collector (the job is mainly knocking on the door and driving around so I have lots of time on my own listening to the radio or language programme so in a way is a very nice job) and some private and school teaching (I teach the violin and the piano). I was also recently scammed so am a lot poorer now but that makes me prioritise things more (breaking away from my partner to do what's more important than arguing and having days out almost every week) but I am now at the same time, weirdly, not worrying and too tight about money by enjoying little things a bit more as long as money coming in is more than going out.
Maybe photography, to some extent, is like geography. They are subjects that train you to be aware of your surroundings more than other subjects and hopefully help you develop some business acumen. I also think people who study soft subjects are more socialable and that can be a great advantage in the business world.
Sorry my writing can be a bit chaotic reflecting the 2:2 for my degree 😂. One of my problems is that I often wander off doing something else when a main task is urging me to do it. I just like to escape it. For example, I was spending more time studying gay relationship and exploring the gay world in my second and third year instead of trying to get at least a 2:1 for my study but I ended up being with a British partner so maybe every cloud has a silver lining. If I am pretending to be busy, I am actually doing something else that interests me more.
Hey Limpeh. Firstly just to say I really enjoy reading your blog and am surely one of your fans. I am also UCL Geography graduating (BA Geography 2015) from Taiwan and live in the UK.
ReplyDeleteI think there needs to be a balance between doing stuff for passion and for financial reasons. Luckily I am one of those from privilege backgrounds and so far I am enjoying my job teaching music so It's like earning money with my hobby after finishing my geography degree (well maybe not because I was training in a music specialist school from 8 to 18). I am returning to geography though to do a PGCE in Secondary Geography in September, giving up my part time job as a debt collector (the job is mainly knocking on the door and driving around so I have lots of time on my own listening to the radio or language programme so in a way is a very nice job) and some private and school teaching (I teach the violin and the piano). I was also recently scammed so am a lot poorer now but that makes me prioritise things more (breaking away from my partner to do what's more important than arguing and having days out almost every week) but I am now at the same time, weirdly, not worrying and too tight about money by enjoying little things a bit more as long as money coming in is more than going out.
Maybe photography, to some extent, is like geography. They are subjects that train you to be aware of your surroundings more than other subjects and hopefully help you develop some business acumen. I also think people who study soft subjects are more socialable and that can be a great advantage in the business world.
Sorry my writing can be a bit chaotic reflecting the 2:2 for my degree ��. One of my problems is that I often wander off doing something else when a main task is urging me to do it. I just like to escape it. For example, I was spending more time studying gay relationship and exploring the gay world in my second and third year instead of trying to get at least a 2:1 for my study but I ended up being with a British partner so maybe every cloud has a silver lining. If I am pretending to be busy, I am actually doing something else that interests me more.
Hi Ray, nice to meet someone else who did spent time at the famous 26 Bedford Way building. If you're a music teacher, then why did you even bother with a degree in geography? Why didn't you pursue a degree in music? I hate to be judgmental when I've only just met you, but you do sound like an intelligent guy so being a debt collector is a case of 大才小用 - but to be fair, I was clueless when I graduated to I am hardly in a place to judge you. I did sort my career out eventually but it took a good ten years after graduation before I finally got anywhere and got a decent job. Everyone will need to find their own way to figure out what to do with their lives and I hope you will find clarity in your own time.
DeleteGosh I'm sorry to hear about you getting scammed, that's a nasty thing to happen. As for your partner, sigh, if you're not happy with your partner then what's the point of that relationship. As for photography/geography, if you asked me in hindsight if I would have studied geography, I would have said no no no no no. I FUCKED UP. I made a bad decision, I was a fucking idiot. I did the wrong degree. Oh please, I don't want you to think that I am this guy who claims to have only been a winner all my life - I have fucked up more times than most people, but the one redeeming feature that I do have is that I am humble enough to learn from my mistakes; thus I can turn all those many times that I've fucked up so badly into a learning experience, so I can become a wiser, better person. Doing a geography degree was a fucking stupid mistake, I make no excuses, I was an idiot who made a bad decision.
As for business acumen, oh please, get real (sorry to be blunt). It's one of those things that you're either born with or you simply don't have it. There's no amount of education in the world that can coax this talents out of someone who doesn't have it. Have a read of my latest post which I hope to get out this weekend - one must understand one's relationship with education. You can't cure fucking stupidity, if a student is stupid, the best you can do is empower him with good exam techniques to maximize his scoring potential but you can't fucking cure stupidity. Heck, we can't even cure cancer, you wanna cure stupidity? I don't believe that there's any value at all in the study of soft subjects and again social skills? You develop that as a child if you grow up in a sociable environments - you develop those social skills playing with friends when you're 6 years old climbing trees together or catching tadpoles in the storm drain, either you have those social skills or you don't. No university in the world can cure the condition when you're an autistic freak with the social skills of a pile of dog shit. Having said that, I was a fucking disgusting autistic freak with no social skills - I was sick and tired of having no friends and getting nowhere in life and I figured a lot of things out by learning from my mistakes. I take credit for having taken the initiative to help myself - once again, that's shit we have to do for ourselves rather than leaving to the education system.
Sorry if I'm blunt and sweary, you'll get used to my style here.
Well at high school, us music students were often criticised as being out of touch with the real world and it's both the enjoyment of studying history and geography at senior high school and the curiosity of what life is like for non-music specialist students that make me choose geography (I was thinking about doing history at first but became more interested in the subject's approach to research) . If I can do uni again I think my goal would be getting a better grade to get into a graduate scheme to satisfy my sense of achievement. I think geography modules still offer the most interesting reading lists there can be although I did enjoy a third year Anthropology module, Language and Culture, reading authors doing participant observation style research in distant villages.
ReplyDeleteI do like your blunt style so just keep the guns! That debt collecting job is an employed part time job so I was one of the lucky ones to be given furlough. I sometimes have some weird insistence on things like I need to at least get an employed job (then furlough came) or if I date a white person in the UK it needs to be a British citizen (then Brexit happened) etc. lol
I wish I kept more connections with the people I met when I was doing geography at UCL. I thought I was going to return to Taiwan so didn't focus much on developing a social life in the UK except doing volunteering at LGBT organisations and attending astrology seminars (I miss it as I now live in the North East). I just wonder if you still keep in touch with the university friends you made when you were at UCL. Maybe people studying geography somehow eminate how uncertain they feel about their future and don't appear to be very happy?
On business acumen, I think there still need to be some inspirational source for people to smell where the money can be made. So maybe talent, willingness to gamble, effort, observation should all be in the equation?
And I also hate the fact that I can't face the stress of becoming good at maths. I had A level maths lesson for about six months before the lockdown but soon stopped after my tutor entered his third year of study at Durham. Again another my personal weird insistence: that men need to be good at Stem subjects 🤣 To enter the PGCE course, I had to do GCSE English and Maths and funnily enough I got a 6 for English and a 9 for maths. I guess wanting to become a teacher is just a way to improve on what I had miss out on when I was majoring in music before the age of 18. I am dreading meeting genius students when I start teaching secondary. Music I think I am OK to cope, geography I am not so sure but that's the fun and challenge for me haha.
Hi Ray, allow me to compare what I would have done instead: I think I would have been a lot more careful with my choices and tried a lot harder to get into Oxford/Cambridge instead of settling for UCL given how that would have opened a lot more doors. I could have probably waltzed into a nice company upon graduation instead of having to hustle for most of my 20s and early 30s before being taken seriously by employers having been forced to prove myself the hard way. Graduates from Oxford/Cambridge are not expected to prove themselves, they have it a lot easier. I don't really care what I study, I've forgotten most of what I did at UCL in any case, none of it turned out to be useful or relevant to my career in any case. What a fucking useless degree that was and what a total waste of time it was.
ReplyDeleteI have only kept in touch with ONE person, just one person from UCL. I have two friends from my UCL days amongst my Facebook friends - you have to bear in mind that I graduated in 2000 and I didn't get on Facebook till like 2008 at least. So no, after we graduated, we said goodbye, good luck, went our separate ways and just never ever saw each other again. I can't even remember their names today, our paths simply didn't cross again despite the fact that I still live in London and often pass 26 Bedford Way on my way home!
On the topic of business acumen, I have to disagree with you. It's like saying, "I see basketball players in the NBA are all super tall, playing basketball must make them tall so if I make a woman who is just 145 cm tall play basketball everyday, she will grow at least 40 cm by the end of the year." That logic is totally wrong of course: tall people are good at basketball so the top NBA teams will choose tall players for their teams but playing basketball per se would not make you grow any taller. That's why I very harsh when it comes to universities teaching people useful shit - I believe you're either born intelligent or stupid. Universities can't fucking cure stupidity, they can only give you the opportunity to prove yourself if you're already born brilliant. And if you have no business acumen, no amount of training can give you that. And if you are born with business acumen, you don't need anyone to tease it out of you - it will be pouring out of you from the day you learn how to walk. I'm quite fatalistic like that, 99% of your future is decided the day you're born and predetermined by your genes.
Oh and just to clarify: yes I have 2 friends from UCL days on my Facebook, one guy sent me an invitation to connect and I accepted it, but we never ever spoke on Facebook messenger. This other woman did the same thing and at least we did chat a bit now and then since we have reconnected and I do look at the stuff she posts, though she's not posted for a while and I'm not that active on FB in any case.
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