How thrifty are Malaysians?????? The Chinese are generally very thrifty. They are careful about two things in their lives. Firstly with regards to their money and secondly they care about their children education. Among the Chinese the Hokkiens are more thrifty than the Cantonese. Thats why per capita there are more billionaires and millionaires among the Hokkiens compared to the Cantonese. Lim Goh Tong, Robert Kuok, Yeoh Tiong Lay, Vincent Tan, Khoo Kay Peng, Lee Kim Yew, Tee Hock Seng etc etc are all Hokkiens. The notable Cantonese tycoons are Dick Chan and Chan Ah Chye.
Among the Indians they do practices thriftiness. Its no accident that Ananda Krishnan is a Ceylonese Tamil. From this Ceylonese Tamil group comes many of the well known professionals in Malaysia. Lawyers, doctors , engineers and what not. They also at one time dominated the Civil Services as Officers and Chief Clerks (CCs) before the Malays came in, in large numbers in the 70s and 80s..
Among the Malays, those with Mamak blood are known to be thrifty (my wife is one of them. During the 1997 Economic Meltdown she saved me and the family from going under through her shrewd investments). Kelantanese (the Nik Ahmad Kamil clans) , Minangkabaus (Melewar Group, Antah Group at one time) and Kedahans (Tun Daim, Syed Mokhtar AlBuhary to name a few) know the value of money and are careful about their wealth. They are good and shrewd businessmen and women. Tun Daim (a Mamak) owns Banks in West Africa and Eastern Europe.
Perakians are not a thrifty lot especially with their sayings "Biar pape asal bergaye" or roughly be well groomed with style even if it makes us poor. This is not the norm even though the majority practice it. But Raja Azurin of the Perak Royal Family is in the Millionaire group. She is an exception to the general rule.
The bottom line is that we all need to be thrifty and avoid extravagant life styles in order to really enjoy our life and not be hit by poverty through our carelessness and wastefulness.. Wallahu A'lam.
Thriftiness: Make Money By Saving Money
Let's face it, we're a nation of overspenders. Advertisements seduce us into buying stuff that isn't really worthwhile, and credit cards enable us to delay the financial consequences of overspending. On a more personal level, people often buy material goods because they hope to impress others with a status symbol. In reality, it is your personal qualities that will impress or turn away other people. The more money you allow to fly out of your wallet, the more time you'll need to spend working to replace that money.
Getting Motivated: Use Less, Spend Less
Make your money work towards helping you do something you really love doing! Think about it this way: A dollar saved is two dollars earned. For most people, about 50% of spendable income is sucked away by various taxes, so saving a buck is twice as useful as earning one.
To reduce overspending, just do these four simple things:
Thriftiness: Make Money By Saving Money
| ||||||||||||