fbpx
Connect with us

Social Stories

M’sian Questions Why Agents Like to Show Off Material Possessions to Prove That They Have Status

Published

Ft Wealth
Source: Twitter & Tokio Marine

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

It is no secret that in Malaysia, status and wealth means everything and the way we show it is through material possessions such as cars and clothes.

Recently, Twitter user @Patpadom took to Twitter to express his frustrations on the need for people such as insurance agents to buy expensive cars in order to ‘prove’ to potential agents that their success is well-founded.

His post reads, “Today I realised the reason why a lot of insurance agents love to buy expensive cars.”

“It is because agents understand the local mindset that people love to play the status game instead of the wealth game,” he added.

 

Accompanying the post is a screenshot of a conversation which featured a part time insurance agent asking if it is the right time for them to buy a C200 Mercedes Benz.

The agent revealed that they earn RM2,000 to RM4,000 per month through the part time work whilst he earns RM6,800 through his main job.

They were then asked on the reason why they wanted to suddenly get a C200 Mercedes Benz to which they responded that it’s for recruitment purposes.

“They won’t believe it if you don’t show it. In my instance, after I saw my friend who is working at a factory drive a Mercedes, only then was I interested in his business.”

 

Wealth versus status

Patpadom then went on to explain the distinction between wealth and status and how everyone should look to accumulate wealth instead of chasing status.

“My objective in sharing this is to foster a community to chase wealth not status because its a zero-sum game which is exhaustive and expensive. Instead, play the wealth game as it is a positive-sum game, which gives you freedom,” he added.

“Those who signal their ‘wealth’ through expensive cars, jewelry and branded items are rarely wealthy. It’s a status game, which is exhausting and expensive just to see that you are doing better than others so that they believe in you or make them feel inferior to your status.”

“Play wealth accumulation games, not status games,” he advised.

Insurance

For illustration purpose only

 

He then broke down the differences between the wealth and status and urged others to dedicate themselves to accumulate wealth instead of status.

“The reason why you want to accumulate wealth is that it buys you freedom of your time. The rich don’t look rich because they spend their money on assets that buy them their freedom. They are accumulating wealth, not social status.”

“I’m not saying becoming an insurance agent is wrong, it’s a good wealth creation but the approach that some insurance agents take is very aggressive. A lot of insurance agents I know play the wealth game and not the status game,” he explained.

Checkout his full explanation below:

 

What do you think? Should wealth be prioritised instead of status? Let us know in the comments.

 

Also read: WATCH: Aliff Syukri’s Latest Raya Song Slammed by M’sians For Not Respecting Islam & Baju Melayu

Ft Raya

Source: Tokio Marine

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 20 Collage 20
News1 hour ago

“I was only driving short distances” – 59yo M’sian Kantoi Driving Luxury Car for 7 Years Without Road Tax

It’s fascinating how far some people can go without taking into consideration the laws and the consequences. In a recent...

My Post 1 2024 04 17T150817.647 My Post 1 2024 04 17T150817.647
News21 hours ago

KLIA Shooting Suspect Transported to Selangor via PDRM’s Jet Plane & M’sians Question Its Necessity

It was reported that the suspect behind the Kuala Lumpur International Airport (KLIA) shooting incident was arrested at 3pm on...

Feat Image Klia Shooter Feat Image Klia Shooter
News2 days ago

KLIA Shooter Allegedly Tried to Flee to Mecca Before Arrest, Now Wants 7 Lawyers to Represent Him in Court

Following the arrest of the suspect in the shocking shooting case at Kuala Lumpur International Airport (KLIA) in Kota Bharu,...

Feat Image Sikh Feat Image Sikh
News2 days ago

Ex-Google Managing Director Shocked to Learn That M’sians Refer to Sikhs as Bengalis During Visit Here

A renowned figure in global technology and media organisations recently took to social media to share a fascinating fact that...

My Post 1 2024 04 15T161432.919 My Post 1 2024 04 15T161432.919
News3 days ago

A Deadly Whooping Cough Outbreak is Spreading Around the World & Here’s What You Need to Know!

In April of last year, it was revealed that Sabah had recorded a total of 76 cases of Pertussis (also...

Feat Image Suspect Klia Shooter Arrested Feat Image Suspect Klia Shooter Arrested
News3 days ago

BREAKING: KLIA Shooter Has Been Arrested in Kota Bharu

The Royal Malaysia Police (PDRM) has announced that the 38-year-old suspect who fired a gun at the Kuala Lumpur International...

My Post 1 2024 04 15T142809.322 My Post 1 2024 04 15T142809.322
News3 days ago

M’sians Share Their Disappointment Over How EASILY KLIA Shooting Suspect Managed to Escape

Shots were fired at the Kuala Lumpur International Airport (KLIA) on April 14 (Sunday), after a man attempted to shoot...

Article Featured Image 18 Article Featured Image 18
News4 days ago

This is Nur Hadith, The Bodyguard Who was Shot Protecting His VVIP Client

The shooting at KLIA case took everyone by surprise this morning, and left a lot of people worried for the...

Announcement

Latest Videos



TRENDING TODAY