Do you know what is Kutu ? In English, it is called plea. It lives in human hair and animal fur like dogs and monkeys. It sucks blood and makes the life of the infected persons a LIVING HELL. That is why they(the animals) scratch like crazy when the fleas come for a special visit !
How Duit Kutu works ?
Let say I have a friend named Hilda. Then..one day she invited me to play this ‘game’.. duit kutu…..
Only the two of us..not many people wanted to play this game, for example;
Each person has to contribute an agreed amount of money, lets say RM1, per day..
and by the end of the month (30days) the person who got picked 1st (earlier before the game started), will get the whole collection of money! i.e. RM30
Then the next cycle begins, and the 2nd person gets the 2nd round of money~
The more players we have, the more money the ‘money-earner-of-the-month’ will get!
Sounds simple right?
So, the cycle of giving out money and getting back the money continue. I give out RM30 and receive back RM30 this month, she gives out RM30 and receives RM30 next month.
Then, my turn. Then, her turn.
At first impression looks good because it looks like “saving” but it is not. It is stupid !
Duit kutu is stupid, pointless. The excuse given by those who play Duit Kutu, is …
1) Oh, if we keep the money ourselves, the money can be lost.
2) If the money is with us, then we may not be able to contain the “urge” to spend the money. So, by giving the money to someone else to keep through “kutu” , it will keep us from spending the money.
It’s damn stupid ! I am not sure if this one of those stupidity of Kampung's culture, but it’s your own responsibility not to spend the money.
In kutu, you solve the problem of restraining from spending money by giving to someone else. If you do not want to waste money, just don’t spend it, control yourselves from spending it, be patient,
as simple as that!
If you invest your money in kutu, your money will never grow. It’s very basic understanding but the simpleton with its “feel good only” mentality cannot see it.
You put your money in the hand of kutu money manager. The manager keep the kutu money collected from everyone and put it in bank (maybe) until next month because you need to pay back one of the kutu participants. You do not earn interest from saving from not even 1 month!
If you, just utilize your brain for a little, you can use part of your money to save in ASB to earn 7% dividend for example. It’s hard to go the bank to withdraw your ASB, so basically you can avoid yourselves from spending money. You do not need to your kutu friend to “stop” you from spending your money, there is no reason for that!
FYI, duit kutu is illegal !
Akta 28. AKTA (LARANGAN). KUMPULAN WANG. KUTU 1971.
(Boleh didenda RM500 ribu, disertai 10 tahun penjara).
How Duit Kutu works ?
Let say I have a friend named Hilda. Then..one day she invited me to play this ‘game’.. duit kutu…..
Only the two of us..not many people wanted to play this game, for example;
Each person has to contribute an agreed amount of money, lets say RM1, per day..
and by the end of the month (30days) the person who got picked 1st (earlier before the game started), will get the whole collection of money! i.e. RM30
Then the next cycle begins, and the 2nd person gets the 2nd round of money~
The more players we have, the more money the ‘money-earner-of-the-month’ will get!
Sounds simple right?
So, the cycle of giving out money and getting back the money continue. I give out RM30 and receive back RM30 this month, she gives out RM30 and receives RM30 next month.
Then, my turn. Then, her turn.
At first impression looks good because it looks like “saving” but it is not. It is stupid !
Duit kutu is stupid, pointless. The excuse given by those who play Duit Kutu, is …
1) Oh, if we keep the money ourselves, the money can be lost.
2) If the money is with us, then we may not be able to contain the “urge” to spend the money. So, by giving the money to someone else to keep through “kutu” , it will keep us from spending the money.
It’s damn stupid ! I am not sure if this one of those stupidity of Kampung's culture, but it’s your own responsibility not to spend the money.
In kutu, you solve the problem of restraining from spending money by giving to someone else. If you do not want to waste money, just don’t spend it, control yourselves from spending it, be patient,
as simple as that!
If you invest your money in kutu, your money will never grow. It’s very basic understanding but the simpleton with its “feel good only” mentality cannot see it.
You put your money in the hand of kutu money manager. The manager keep the kutu money collected from everyone and put it in bank (maybe) until next month because you need to pay back one of the kutu participants. You do not earn interest from saving from not even 1 month!
If you, just utilize your brain for a little, you can use part of your money to save in ASB to earn 7% dividend for example. It’s hard to go the bank to withdraw your ASB, so basically you can avoid yourselves from spending money. You do not need to your kutu friend to “stop” you from spending your money, there is no reason for that!
FYI, duit kutu is illegal !
Akta 28. AKTA (LARANGAN). KUMPULAN WANG. KUTU 1971.
(Boleh didenda RM500 ribu, disertai 10 tahun penjara).
