I’ve brought up this topic before and I’ll bring it up again because I think it is of the utmost importance for Filipino’s to understand as well as outsiders. THEY ARE MONEY MORONS. I’m getting sick of the same bullshit I hear about one of my wife’s friends (if not, her herself) getting themselves back into another debt and creating absolutely no bright future or positive foundational prospects because yet again they’ve decided a credit card and loans = FREE MONEY! Sure, I’d say the Western world is getting really bad for debt and this can account for a good majority, but nothing beats these fucktards when it comes to being money morons……nobody!
Ask any Filipino native or OFW if they have savings and if they say “yes” they are either lying through their teeth or they have a MOUND of debt and are “saving” money they don’t really have. Take for example my wife’s friends. One is Filipino (wife) and the other a white Canadian (husband). It seems they both complement each other’s stupidity very well when it comes to money spending and lacking future planning. I guess the Filipino wife has transformed this guy into a Pinoy brained money spender, because he seems to be just as bad as her, pretending like they’ve got it all and they’re laughing to the bank, all the while the bank is laughing at them while they dig themselves a dismal future!
This couple was very lucky to have rented a house for DIRT CHEAP. You see, the owner basically just needed someone to house sit until he sells the land and the land is big, by a beautiful lake and in a booming area where there are lots of condo’s going up. So, meantime they get to rent this place for basically NOTHING and have a good chunk of money left over to plan for their future. The rent is basically equal to the cost of a tank of gas, I’m serious…that cheap! They have been struggling all their lives with a child, both working low waged jobs and not progressing and here is this GIANT opportunity for them to finally take advantage of a once in a life time chance at improving their personal capital! They could save, they could use the money towards a new house, they could use the money towards an affordable new car, and they could put money towards schooling to obtain a better career with a higher salary! But did they do that? Fuck no! That would be contrary to Pinoy mentality and money spending!
So you’re wondering what they’ve spent the money on. I cringe to hear my wife tell me a new story about them and their money moron tendencies. Part of me doesn’t want to hear it because I know the stupidity to expect, but another part of me wants to make an example of how they have chosen a wrong path so I can give my wife a better sense of what NOT to do and how to keep a family stable. So, latest I hear they have bought a big swimming pool for the back yard. It’s one of those stand up ones which range between $1000 and $5000! That’s a lot of money in Canadian if you’re wondering. They bought this pool just after the wife quit her job at a coffee shop making next to nothing. All the while showing it off on Facebook for people to look at. The husband currently has a job at a restaurant making very little and guess what? It’s at a hotel that is seasonal. By winter time there is no work, sometimes for weeks, months. What are they going to do then? Ah, who gives a fuck right? Let’s just live in the now, Pinoy style!
So this is the latest info I get, but what’s going to make you laugh here is the mound of other horrible life decisions they’ve made that put them in the category of MONEY MORONS. Just before the wife quit her job they decided to get a 2009 truck with about 100,000km on it and as you all know, trucks don’t run for cheap. That is for someone with a salary of $80,000 NET or more in my opinion. Anyhow, they have shit credit as you can imagine but they REALLY “needed” this vehicle and pleaded for a bargain. Well, the dealership gave them a “bargain” and upped that useless old truck’s price several thousand dollars to compensate for their horrible credit rating. So, after everything was said and done, they got a 2009 Dodge with over 100,000km on it for $29,000 and I don’t think that was including taxes! I couldn’t believe it when I heard it and told my wife, “Why the hell would they get an old truck for that price when they could have gotten a NEW car for $14,000 that would last longer and give better value to their dollar?” But asking that question about Pinoy money spending is useless. You get the same bullshit response, “Well they liked that and worked hard for it, so they deserve it”. Blah….just makes me want to puke. Well, now they are in a jiffy. Wife is broke with no job, they have this big expensive truck they don’t need and a new swimming pool in the backyard! Fucking morons.
So, to top it off, they are putting their kid through private school! Fucking private school!!!! People who get a salary of $100,000 combined income put their kid’s in private school, not a couple making less than $30,000 salary. But that’s not all! The wife is supporting a family back in the Philippines of coarse and you know that shit will never end. So, what really makes me angry is the future of this kid. They THINK they are giving him a bright future by putting him in private school (which was of coarse the Filipina’s dumb idea) but what they are really doing is digging the whole family into debt and creating nothing to fall back on if something were to happen. And you know what will happen eventually? That land will sell and they will be back to paying REAL rent costs and you know how much MORE they will be spending if that were to happen? How about x14 MORE! But who gives a fuck right? Let’s just spend like we are smart and rich and not think about that! Also, I had to fucking laugh. They decided to put money into savings for education. How the fuck do you do that with bad credit and the debt of an expensive dodge truck? Well, you save money you don’t have! That’s how!
So let’s categorize the money moron mistakes they’ve made:
1. Private school they can’t afford
2. Big expensive truck they can’t afford
3. Swimming pool they can’t afford
4. Vacation to the Philippines they could not afford
So what happens when they lose that home? They won’t be able to afford private school, they won’t be able to afford the truck, won’t be able to afford big expensive vacations and will create a much worse credit rating for themselves while having NOTHING to leave their child when they die. Filipina wife has a property in Philippines worth peanuts while the husband comes from a family with little money. But no logical future planning with these people. None at all, and it just makes me frustrated when there is a kid in the picture. The response would be “but we are putting him through private school to give him a brighter future”. What purpose does that serve if the parents have no fucking foundation or stability for him? The stability of the parents comes first and then comes the stability of the child, but these people don’t think this way. I wouldn’t be surprised if the wife has a plan for her child to be a future slave for her and her freeloading parasite family back at home. Groomed from his young years on, only to serve his masters.
To conclude, imagine what they could have done if they were really smart? They could have paid all their debt and got a better credit rating. They could have saved for a house and ENDED their life of renting. They could have saved and put money down on a new affordable car. I mean, the best purchase you can make on a car is one that is 2-4 years old with less than 85,000km on it. They could have got one for $14,000 easily and it would last them much longer than an old Dodge truck. They could have put money towards college for the kid while he goes to public funded school (not the best school, but might as well get your taxes worth). They could have invested money in their own future! For the love of God, they have been in that house for 3-4 years now. 1 of those years could have been spent in school for the husband so he could obtain a better career! They are living in a small town with nothing to offer as well, which is another thing they don’t seem to be putting into account. It’s just frustrating and makes me roll my eyes at the dumbfuckery. On a positive note, my wife is looking at them as people with poor life decisions and does not want to emulate them whatsoever! Phew!Published in