An Interesting Take On Donating


wealthymatters.com

Would you donate your last penny?

I can honestly say that I would not …

Which brings me to a related topic: it seems that many people who come into money take a chunk of it to donate. Perhaps to have the wing of a school named after them, or to do some other ‘good works’.

Whether the sum is $1,000,000 or $100,000 or $10,000, when donating what you consider to be a large sum, think about what you are really donating; you are not merely donating $1,000,000 (or $100,000 or $10,000), you are donating the future value of $1,000,000:

Let’s say that you plan on living for another 40 years, and you can invest your money at 5% above inflation, then the real value of your donation is not $1,000,000 but more than $6.7 million!

When thinking about donating that $1 million [AJC: The Cartwood Family Wing does sound tempting], I’m not really thinking too much about that $6.7 million [AJC: or, $28.8 million … ounch!], I’m actually asking myself:

Would I donate my last $1 million? Read more of this post

The Economics Of A Medical Degree


This is from the Hyderabad edition of today’s TOI

The reality behind rising number of women medicos in Andhra Pradesh

Bushra Baseerat, TNN | Jul 15, 2012

wealthymatters.comHYDERABAD: If the price tags of management quota seats in medicine are skyrocketing in Andhra Pradesh today it is not simply because the good old sentiment behind taking the Hippocratic oath to serve society remains a compelling call for the educated. An estimated 70% of management quota seats in medical colleges have been cornered by the fairer sex but this heartening trend masks a disturbing reality – a medical degree is coming in handy these days for those looking to snag a good match in the marriage market.

College managements state that a doctor’s certificate often masks the not-so-palatable truth that an MBBS degree fetches girls a “good match” – a key reason why parents shell out big bucks for a medical seat for their daughters. Also responsible for the prevailing management quota seat rates of Rs 50 lakh to Rs 1 crore is the increasing wealth of the state’s elite over the last couple of decades and the post-liberalisation anthem of ‘have money, will buy’ that applies to education as well. Read more of this post

The Art of Giving


Giving is not the sole privilege of the well – to – do.Every body can enjoy the benefits of giving.A smile costs nothing in money terms but can easily make another person’s day better.We can give of our time,attention,knowledge,skills,goods,money , influence and prayers.

Matthewscottwallace's Blog

Originally posted at theamorist.com

“You have not lived today until you have done something for someone who can never repay you” ~ John Bunyan

Whether it is a handful of change or a lifetime of devotion, the act of selfless giving is the most important action one can take. At its core, giving is the ultimate form of spiritual practice.

For ages, religions and spiritual groups have honored the art of giving. In India, the word seva, or selfless service, is expanded by the phrase, “Manav seva Prabhu seva,” meaning service to mankind is service to God. By carrying out seva, one is giving his or herself to the universe by offering time, money or prayer. In Christianity and Judaism, the concept of tithing, or an offering of 10 percent of one’s time or money represents spiritual giving. And in non-spiritual circles the common concept of donation represents…

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