Thursday, November 8, 2007

One Laptop Per Child

First, a quick update:

I test drove the car I'm thinking about buying yesterday. It seemed alright but had a weird smell along with the ugly outside color. Superficial things yes, but still annoying. I do like the idea that I can write a check and own a car that seems good enough that I'd be happy with it for years to come without any additional payments. I'm not 100% sold yet and I'm looking at some other cars on Autotrader as well as this site I heard about yesterday called AutoNation, where apparently you can buy a car directly from the site. I'll probably take another trip up to the lot on Saturday for round two of negotiations, so we'll see how it pans out. In case you are in a similar situation where you are looking to buy a car, I suggest checking out sites like this: http://www.negotiationdynamics.com/Newcar.asp

I'm going to blow off the REI meeting tonight and go to a different one on Monday when I have the day off for Veteran's day. From what I've read, most of the mingling is done in the half hour or so before the meeting begins, so trying to fight through rush hour traffic to show up late seems like a poor decision. Instead, I'll take my time on Monday and go prepared. Also, I checked the classifieds today for investors and found the same ad again as yesterday and the day before. No call back yet, but I figure if I am going to get a call it'll most likely be over the weekend.

Ok, the main thing I want to mention today is the One Laptop Per Child program.

Last year I took a "Rich Dad Coaching" course for a substantial sum. While I'm not ready to endorse the program since I have yet to make my money back from the investment, one habit they recommended has stuck firmly with me since. It is the idea of "The Three Piggy Banks".

The Three Piggy Banks

Essentially, each day you are suppose to put a certain amount of money of your choosing into three separate banks. The banks can be of any form from a small paper cup to different bank accounts you have setup. The first one is for saving, the second is for investing and the third is for charity.

Saving

The idea behind the saving bank is that this is money that you are going to hold onto. You aren't going to put this money under any kind of substantial risk. Your best bet would be to put this into a money market account or a savings account and let it accumulate 5% interest or so. This is your base, your security fund. Regardless of what else happens you will have this money to rely on for your future.

Investing

This is your gambling money. Say you come across a stock you think is going to take off. You pull money out of here and put it in your stock choice. If the stock bottoms out and you lose it all, no big deal because you still have your savings. Regardless, this money gets you thinking about what could get you good returns as well as gives you incentive to learn about different investing vehicles that exist. Eventually, as your knowledge and experience grows, this money will start working for you and getting you bigger and bigger returns, which should lead you to the comfortable level of wealth.

Charity

This money you give away. The idea is that you are giving back to the community. Maybe you pick your favorite charity or your church or whatever you like and you give the money away to it. Similar to the idea of tithing, by giving you are getting the feeling of making a difference in the world and actually having the ability to help others. For all the karma believers, this is what will help you to see how much you have, help you to be thankful for what you have and ultimately help you reach more and more people.

My Three Banks

Overtime, you are suppose to keep increasing the amount you put into the banks. I started out very low, at a penny per bank each day. I'm only up to a quarter a day right now, but I also setup my income stream from my job to be split somewhat along the same ratios. I say somewhat because currently I'm at about 60% saving, and 35% investing with very little left for charity. But now I've found a charity that I really support, so that is going to change.

One Laptop Per Child (http://laptop.org/)

This program was setup to help provide a means for those who have none to gain access to education and information that has the potential to make a substantial difference in their lives and the lives of those around them. By giving a child the chance to link into the internet and the human network, you open up the world to them, allowing them to see perspectives of people outside of their family, outside of their country, perspectives of people around the world. I personally believe that this will be a big step towards ending a large amount of conflicts we have in the world today as well as allowing people to break free from the cycle of poverty that has trapped so many throughout the world.

On November 12, the One Laptop Per Child program is going to start up a program where they reward you for rewarding others. By paying $400, you will be paying for a laptop to be supplied to an underprivileged child as well as receiving a laptop for yourself or your child. This is a unique opportunity to really help change someone's life and even directly get something in return. Also, by having one of these laptops you will help to spread the word about what is happening and be a trend setter for change.

So I encourage everyone who can to put forth the money to make a difference. Even if it's just the $200 for a laptop to be sent to a child in need, do it. This isn't like those commercials where they say "for 37 cents a day" or anything like that, this is a one time payment that will make a lifetime difference.

1 comment:

Thomas said...

The idea of "The Three Piggy Banks" reminds me of the book "Moneylove". It's about using six accounts to get the money flowing. With a bigger flow it's easier to fulfil one's basic needs.