Tuban Farmers Suddenly Become Millionaires, Let's Look At Tips For Managing Money So They Don't Run Out Fast

Illustration (Pixabay)

JAKARTA - Hundreds of new car brands were imported to Sumurgeneng Village, Jenu District, Tuban Regency, East Java. The cars were ordered by residents who suddenly became billionaires because they received money for land acquisition for the new grass root refinery (NGRR) construction project.

Land acquisition for an oil refinery construction project in Sumurgeneng Village, Jenu District, Tuban Regency, covering an area of 21,410 meters, was paid by Pertamina with a range of IDR 600 to IDR 800 thousand per meter. In fact, there were residents who received compensation of up to Rp26 billion.

Head of Sumurgeneng Village, Gihanto said the number of residents affected by the construction of this project reached 280. They agreed that their land would be sold for a national project.

According to Gihanto, the number of cars bought by the residents was 176 units. "The video yesterday circulated only 17 new cars, one house bought two to three new cars," he said, Wednesday, February 17.

Meanwhile, Sales at Arina Motor Gresik Dealer, Hari, said the video of the delivery of a number of new car units in Sumurgeneng Village that went viral on social media a few days ago came from the dealer where he worked.

"The news in the media said that he bought it in Surabaya, whereas he bought it at our dealer," said Hari, confirmed, Wednesday, February 17.

A total of ten Toyota cars were bought by Sumurgeneng residents simultaneously at the Arina Motor Gresik dealer. Most of what residents buy is the newest Innova for around Rp. 380 million per unit.

"There is also one Rush unit, then one Yaris unit. All of them are released in 2021," he said.

The ten cars were purchased in cash. So, on last Sunday, February 14th, the dealership delivered seven units simultaneously to Sumurgeneng Village. The video of the seven-unit shipment was spread and viral on social media.

"The three units will still be sent next," he said.

The ten units of cars bought by the Sumurgeneng residents, which are now called the Billionaire Village, continued Hari, were bought each by one person. He received information that Sumurgeneng residents still ordered additional units.

Tips for managing money so that it doesn't run out quickly

Director of the Institute for Development of Economics and Finance (INDEF), Tauhid Ahmad said that in fact the simultaneous buying of cars is the right of Tuban residents to spend their money. However, he considered it would be better if the money was spent on something productive.

"Actually, they have the right to buy a car. However, it would be better if the money was used for something productive. Because the land they are selling has a high value," he said, when contacted by VOI, Wednesday night, February 17.

Tauhid said that Pertamina should have given an understanding that this land compensation money should be used and managed properly. That way, an understanding will emerge in society how to manage money.

Here are tips for managing money well:

1. Buy money for high-value investments

Tauhid said, Tuban residents can spend their money on investment. For example, by buying gold. According to him, gold has a high value and does not shrink in the future.

"Billions of money can be bought gold for investment. No need to invest in difficult stocks. Just buy gold," he said.

According to Tauhid, the money they have can also be used to buy land for agricultural land. That way they can still work and make money.

"Buy the land back or they can buy livestock. So they can work plowing the fields with the livestock," he said.

2. Save money for investing in children's education

Not only that, said Tauhid, farmers in Tuban can also share their money from the total they get for investing in children's education.

"Save the money for children's education. So don't spend it all on something consumptive. Maybe they already have a house there, so they choose to buy a car. It's okay. But if you buy up to three cars, it's a bit of a shame," he said.

3. Save money for emergency needs

According to Tauhid, farmers in Tuban also need to set aside their money for use of emergency needs. So that when they experience difficulties, they still have savings.

"The money is saved, saved for emergency use. For example, to shop for basic necessities. Or for other uses," he said.