Hazrat Mufti Ebrahim Salejee (Daamat Barakaatuhu) mentioned:
The hadeeth teaches us to focus on our own wrongs and not to blame others. On the contrary, the Western attitude trains us to throw the blame onto others and always find an escape route for ourselves.
Sometimes we are made to suffer the bitter consequences of our wrong doings. Largely this happens when we either belittle a person who got caught up in some wrong activity or we regard any wrong deed as insignificant.