Tag: money

Posted in Life & Happiness

Possimpible

Posted on by Jinavie

Have you ever had a moment when something so unbelievable, so improbable that you never would have imagined it would happen, happened? When something you could only dream of actually happened in real life? When something so impossible that you must have stepped into a parallel universe for that thing to happen? The feeling that such a moment brings is indescribable.

Success is not about money and power. Success is not a product of luck. To become successful, one must change their state of mind first. The most crucial thing to understand is that the only limit is that there are no limits. Only when you dare to go past what is possible will you attain anything worthwhile. “To the impossible?” you may ask. No, true success lies beyond the impossible. A place where the possible and the impossible meet to become: the possimpible. Only when you have become the master of the possimpible will you be able to confidently say that you have succeeded in life.

Nothing, and everything is possimpible. 


Posted in History & Literature

Economics

Posted on by Jinavie

Early economists believed that a growing economy was a sound economy. Growth was used as a ruler to measure the health of the nation, corporations, markets and all social constructs. But it is impossible to always move forwards. In reality, a growing economy goes through cycles of growth and depression, showing a waveform on a graph. An economy without depression forms a bubble that will burst in the future, bringing a greater economic crisis. Simply put, “sound economic growth” is only achieved by the concept of two steps forward, one step back.

We have reached a point where we cannot grow despite having the potential to. Perhaps there will be no further economic growth. Only a continuous state of balancing powers will remain. A sound society, a sound nation, a sound worker… those are things that do not damage the surrounding environment or become damaged by it. We should no longer try to conquer nature and space. Instead, we must integrate with nature and the universe. Our only slogan is harmony. There should be an entwining of the external and internal world and we must live with modesty not violence. Human beings will become one with the universe. Mankind will meet an age of stability where we do not strive for the future or reach for faraway goals. Mankind will live a simple life in the present. Only then will mankind finally attain happiness.

1 + 1 = 3

image

(from The Encyclopaedia of Relative and Absolute Knowledge by Bernard Werber)

Posted in Life & Happiness

Specialist

Posted on by Jinavie

In modern ant cities, there can be found many genetic mutations as a result of millennia of division of labour. Thus, ants born with large mandibles that can cut down enemies become soldier ants, while ants born with mandibles that can grind grains become milling ants. Some ants have highly advanced salivary glands and these ants wash and disinfect young larvae.

Here are some examples of the amazing adaptability of ants through the use of mutations:

  • Doorkeeper ants have large, flat heads that can block strategically important entry points to guard the hive. If a worker ant wishes to enter the hive, it must knock on the broad head. If it gives the wrong password, the living door attacks and devours the worker ant.
  • Honeypot ants are found in some tropical ant species. These worker ants are hung upside down on the ceiling and are filled with honey until their abdomens swell up to 20 times the normal size. When another ant comes and strokes the honeypot ant, it releases a few drops of honey it is storing.

However, out of all of these mutations that produce “specialists”, the most noticeable is the mutation that produced specialists of love.
Worker ants are born without the ability to reproduce. This is to prevent these busy worker ants from being distracted from sexual impulses. Reproduction is left to certain ants that do nothing other than reproduce. These ants are the male and female ants – essentially the princes and princesses of the ant kingdom. These ants are born only to make love and have special anatomical features that make the mating process easier. Wings that allow them to fly, antennae that allow the communication of abstract emotions and eyes that can sense infrared light are all examples of this.

How about human beings? We too have “specialists”, but they are not based on features we are born with. Instead, they are a result of the education and upbringing we receive as we grow up – an acquired specialisation rather than a natural one. Then again, it is not as if we are all born equal. Some people are born with a more muscular body that is helpful for labour-intensive work, while others are born with more intelligent brains that are better for jobs that require much thinking. However, our societies have a strange style of oppressing these natural talents and only push study on them. No matter how good a child is at the arts, music or sports, their abilities are ignored and the children are forced to conform into a pre-set path. If a child is introverted and prefer working quietly indoors, they are told off and told to become more extroverted. Ultimately, human societies prefer producing all-round individuals rather than specialists in a certain trade.

But what if we did what ants did and recognise a child’s natural talents and nurture it? The Jewish people have followed a system of education that focusses on helping a child develop their own skill instead of forcing something on them. Considering that 18 of the 40 richest people in USA are Jewish, it could be suggested that this is a very effective form of educating children.

Then why do so many parents want their children to become doctors, lawyers and CEOs? The reason is capitalism. Given the characteristics of the jobs, they are comparatively better paid and more stable than workers and artists. Ergo, parents push children towards such professions “for the sake of their future”. Even though many other professions are required for the smooth functioning of society. If so, could we not equalise the pay of all jobs? Unfortunately, this was tried in communist states but tragically failed as the incentive to study and go into such professions disappeared as the pay was “not worth it”. In fact, the major reason for the downfall of communism was human greed. As ants work for the good of the society rather than the individual, they have the luxury of doing the job they were literally born for and still be well-nourished.

Then what if we paid salaries not equally, but fairly? For example, instead of giving everyone the same pay, we pay people according to the amount of work they do, regardless of the profession. If we distributed the unnecessarily high amounts of wealth of politicians and upper class have to fund the wages of technicians and artists, the income gap between jobs would disappear and children would receive the same reward for whatever profession they chose (given it helps society). If this was implemented, then everyone would be able to bring out their strongest trade and significantly boost productivity. Furthermore, the tragedy of having to give up something you want to do for the sake of money would disappear. If we can find a way to overcome human greed and make equitable distribution of wealth possible, human societies would be able to kill two birds with one stone – progress and happiness.

(first half from the Encyclopaedia of Relative and Absolute Knowledge by Bernard Werber, second half from author’s original thoughts)
(Image Source: http://www.behance.net/gallery/Collages-ABC-of-professions/237797, see source for description of each letter (professions in French))

Posted in Life & Happiness

Early Bird

Posted on by Jinavie

According to a proverb, the early bird gets the worm. This means that people who wake up early to start working, grabbing opportunities as early as possible will ultimately be more successful than the lazy people waking up later. But is this necessarily true?

To wake up early and get enough sleep to function, an early bird must naturally sleep earlier than night owls. However, this also means that early birds are less likely than night owls to socialise late into the night, meeting and having fun with less people. Unfortunately, this is one of the best ways to make important connections with other people – some of whom may one day be your superior or looking to hire you. It has been statistically proven that personal connections are more important than actual skills and diligence, with up to 80% of promotions being based on connections rather than how well the person works.

According to a certain study, people who visited bars regularly earned 10-14% more than non-drinkers, with even social drinkers earning 7% more than those who preferred to call it an early night. So if you wish to be successful, sleep late, wake up later and go out and party.

Posted in Psychology & Medicine

Monkeynomics

Posted on by Jinavie

Money is without a doubt a human invention. There are no recorded cases of any animal using an inanimate object to standardise the value of items and establish a non-bartering economy. Since childhood we learn of the value of money and how it can be used to purchase goods and services. In fact, money can be considered one of the fundamental pillars of human society that makes the world go round.

However, scientists have discovered that a currency system may not be such a novel system after all. In an experiment, a group of capuchin monkeys were given silver disks and were shown how they could use the disks as payment for a treat. Within a few months time, the monkeys realised that the disks had inherent value and began acting just like humans with money.

For example, they did not act in the standard way of operant conditioning (i.e. performing an action results in a reward), but responded to market forces in an accurate manner. If the “price” rose, their demand for treats would fall (i.e. buy less) and vice versa – following the law of demand that modern economics is based on. They even learnt to save the “money” to afford treats.
In a similar experiment with chimpanzees, it was found that chimps were even quicker in learning the concept of money and even learnt how to use smaller denominations of currency. 

Things started to get interesting when a certain monkey sneaked into the chamber storing the “coins” and threw it into the communal cage, quickly escaping before the researchers came back. This was the first recorded case of a monkey bank robbery. 
While this was happening, it was also observed that one male monkey was giving a female monkey a coin. The researchers wondered if this was an act of altruism or wooing, but soon discovered that the female monkey would receive the coin then have sex with the male, then later use the coin to buy food. The introduction of money immediately led to the invention of prostitution.

Posted in Life & Happiness

Formula Of Happiness

Posted on by Jinavie

Ask yourself the following questions using a scale from 1 to 10, where 1 is “not at all” and 10 is “to a large extent”:

  1. Are you outgoing, energetic, flexible and open to change?
  2. Do you have a positive outlook, bounce back quickly from setbacks and feel that you are in control of your life?
  3. Are your basic life needs met, in relation to personal health, finance, safety, freedom of choice and sense of community?
  4. Can you call on the support of people close to you, immerse yourself in what you are doing, meet your expectations and engage in activities that give you a sense of purpose?

Add the scores for 1 and 2. This is P for personal characteristics.
The score for 3 is E for existence (health, financial stability and friendships).
The score for 4 is H for higher order and covers self-esteem, confidence, ambitions and sense of humor.
Now input each score into the following equation:

Happiness = P + (5 x E) + (3 x H)

This gives a score out of 100. The greater your score, the happier you are (over 80 is considered a “happy life”). This formula was devised based on a psychology study of 1000 people. It takes into account the various aspects of life that contribute to your overall happiness and emotional well-being. The study showed statistics such as 40% of men reporting that sex made them happy, while 25% of women reported that losing weight made them happy. Men found more happiness in romance, hobbies and a pay rise compared to women.

Although everyone has a different definition of happiness, there is no doubt that there are common “happiness” factors to all of us and this equation tries to objectively quantify how happy you are in life.

Are you happy?

Posted in History & Literature

Charon’s Obol

Posted on by Jinavie

According to ancient Greek mythology, a person’s soul must cross five rivers to enter Hades’ underworld after death. Charon ferries souls across the first river, Acheron, also known as the river of pain. To use Charon’s services, one had to pay a silver coin (obolus). If one could not pay the fee, one could not cross the river and would circle the Earth for eternity. Thus, the ancient Greeks had a custom of putting a coin in the deceased’s mouth for their journey.

Even for something as unavoidable as death, Charon asks for money. This not only shows that the ancient Greeks had a good understanding of market economies, but also teaches us something important about capitalism.
Just as the reaper takes a fee, nothing in the world is free. A market is the most effective economy system that man has devised and no other system (especially communism) has overcome it. But we have a tendency to denounce corporations for only taking advantage of poor, helpless citizens. Although there is corruption in reality, corporations are still subject to the invisible hand and bound by the basic principle of capitalism, supply and demand.

We only see the negative sides of capitalism and decry Charon’s greed. “How could you ask a helpless soul for money? Is that not robbery?”, we cry. But such words can only be said by someone who has devised a better system than the market, or found a way to keep Charon well-fed. Instead of criticising the economy or policies, it is far more efficient to think of a way to improve the market system. Blindly criticising and trying to destroy capitalism like Karl Marx did will only result in splitting the world in two and cause everyone to starve to death.
The reason being, money is an invention as important as fire to mankind.

Posted in Life & Happiness

Lemonade

Posted on by Jinavie

Making lemonade is quite easy.

Ingredients:
1 cup sugar
1 cup water
4~6 lemons
3~4 cup cold water (to dilute)

Firstly, dissolve the sugar in 1 cup of water to make syrup. If the sugar does not fully dissolve, warm the water a little.
While the sugar dissolves, juice the lemons until about 1 cup of lemon juice is collected.
Mix the lemon juice with the sugar syrup, then add an appropriate amount of water. The key point is to get the ratio just right to balance the sweetness and sourness.
Then, pour the mixture into a pitcher and put it in the refrigerator. Cool for 30~40 minutes. A cool summer drink can be made this easily.

In Western countries such as the USA, it is quite common to see children selling lemonade in a cup at a stand on the streets. It is quite popular as the children get to pretend running a large business while earning some pocket money.
How much profit will a business that sells a cup of lemonade at 10~50 cents (USD) make? (for convenience’s sake, NZD will be used with New Zealand prices in 2010)

If the above ingredients makes 2L of lemonade, and the cost of cups are included:
Ingredients: ($0.85 x 6) + ($1.49 x 0.5) + ($1.69 x 2) = $9.23 (lemon, sugar, cups)
One cup holds about 100ml, so 2L makes about 20 cups of lemonade. This means the cost of producing one cup of lemonade is: $9.23/20 = $0.46
Therefore, if a child wants to make any profit, he/she needs to sell the lemonade at least 50c a cup (about 38c USD). This makes a profit of 4 cents per cup, and the child earns less than $1 per pitcher of lemonade sold.