We hate people who are kuripot! In this consumer-driven country, we often tagged them as “selfish”, “mukhang-pera”, and “hoarders”. Saving is not cool and we live in a “YOLO” world. If you are a student, the popular guy is always the extravagant who are living a lavish life. He’s always the rich kid as what we all know, siya ang bida! We love them because they are the game-go and we benefit from their raining cash and blessings.
1. People who are kuripot are true friends.
2. People who are kuripot live simply and don’t want to show off.
Frugal people are always behind the scene and keep their privacy. There was a story of a man named Ronald Read who was a janitor. His inspiring story was featured in CNN and other media networks. People thought that he’s a homeless and not being able to live well. One customer even gave him food because he was living a very modest life, even confronted someone because of a parking fee.
After his death, people were astonished on multi-millions of stocks and assets he acquired on his investments. Even some portions were donated to community projects. That was a great surprise!
Another example is Warren Buffet, I admired him the most because he’s a great role model. He’s the greatest investor of all time and one of the richest in the world. However, He is still living in their old house he bought in 1958, eating in the same restaurant, and riding in the same old car. He even refused to ride a luxury class even he owns the biggest airline company. Several years ago, he donated almost all of his wealth to the charity and would just be leaving very small portion to his children saying; it is time to give back!
Read the book “The Millionaire Next Door”: The Surprising Secrets of America’s Wealthy. You will learn from there that millionaires spend less than what they earn and most of them avoid buying status objects or leading a status lifestyle.
I’ve known many people who are just living simple lives but having millions in assets and I’ve also known some who are always showing off but in reality are broke.
3. Kuripot People are not selfish! We just follow a certain budget.
I had an aunt who’s always the topic of my relatives because she is very thrifty and a serial “kuripot”. Most of my relatives does not like her. I even grew up hating her because of what I heard from them. I just realized now what is the reason behind it. Now she’s able to build a decent life, sent kids to good schools, and have a successful business. She has become the saving grace of my relatives in times of need and emergency.
4. Being kuripot is not natural, it is learned.
Being frugal is a decision. If you have read my blog How I escaped from being broke to become an Investor, you will read there that I did not start as a smart saver. I was a bad spender and a one-day millionaire but I learned life the hard way. I read books and studied how to save wisely. It did not happen overnight but with right mindset and self disciple,finally it became my lifestyle. Being named a “kuripot” has become my compliment.
5. Being kuripot is forever.