Christmas Is For Giving


wealthymattersThis is an offer for all readers of wealthymatters,worldwide.

This Christmas I am offering readers money to lend on Milaap. If you gave been reading my blog for a while,you know I am against charity,especially of the type that demeans and breaks the spirit of the recipient.By making small loans at fair not usurious rates we can help nurture the latent entrepreneurial talent of people and get them started on the path to prosperity.

Borrowers on Milaap have a near 100% repayment history.This means you are lending to the credit-worthy not just the deserving poor.Also your philanthropic budget can be turned over many times.You can begin with small contributions and build up the corpus you offer over time.So philanthropy and giving on a larger scale need no longer remain the preserve of billionaires. Longtime readers know that the exclusivity of the Giving Pledge and the financial muscle flexing that accompanies it, is something I dislike.All people ,irrespective of their net-worth can give,even if it is nothing more than a smile,a word of encouragement,the use of their skills,their time ,attention and emotions. Read more of this post

Strategic Giving


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Adam Grant, 31, is the youngest-tenured and highest rated professor at Wharton.He is the author of a new book titled “Give and Take – A Revolutionary Approach to Success” which will be released on April 9.

Grant’s research divides people into three categories:

  • Givers: Give without expectation of immediate gain; they never seem too busy to help.
  • Matchers: Go through life with a master chit list in mind, giving when they see how they will get something of equal value back and to people who can help them.
  • Takers: Seek to come out ahead in every exchange; they manage up and are defensive about their turn

Most people fall into the matcher category — but givers, Grant says, are over represented at both ends of the spectrum of success: they are the doormats who go nowhere or burn out, and they are the stars whose giving motivates them or distinguishes them as leaders.

Much of Grant’s book sets out to establish the difference between the givers who are exploited and those who end up as models of achievement. The most successful givers, Grant explains, are those who rate high in concern for others but also in self-interest. And they are strategic in their giving — they give to other givers and matchers, so that their work has the maximum desired effect; they are cautious about giving to takers; they give in ways that reinforce their social ties; and they consolidate their giving into chunks, so that the impact is intense enough to be gratifying.

 

Rakesh Jhunjhunwala On What Money Means To Him


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Here is what Rakesh Jhynjhunwala has to say on what money means to him:

If you ask me what money means, I’d say it’s used as a means of exchange, among other things.But J Paul Getty, one of the world’s richest men, said: If you can count it, you don’t have enough of it.

Money is the harsh reality of life. Some love for it, some die for it, some use it well, some waste it, most fight for it, but most others desire it. Read more of this post

Zakat


A Great Way To Celebrate Birthdays


wealthymatters.comHere is the link to a nice story. I came across it here today.

“I asked a bunch of my friends on Facebook what should I do on my 65th and I got a whole long list of stuff and one of my friends said, ‘Why don’t you do 65 random acts of kindness?’”

I thought it a capital idea.We distribute sweets to our friends,take them out for a treat, maybe throw a party to celebrate our birthday.Why not try this too?It should not cost a great deal and even if money is tight,we can do good deeds for free.Why not just do something to make one person per complete year you have lived,happy?

Come September I think I will give it a shot.Maybe I will even blog about the results.If somebody has a birthday coming up sooner why not try this and tell me about your experience?