Archive for January, 2009

How to truly love other people

January 27, 2009

We have great difficulty with loving other people as they are.

There are many ways to do that, but only one will be mentioned here:

COMMUNICATION

It is really vital that we communicate our thoughts, opinions and feelings to other people so that we can be heard.

If you were not able to do that, you would feel:

  • frustrated
  • lonely
  • depressed

Communication may seem easy, but it is not easy. You see, there are two parts to communication:

  • sending the message
  • receiving the message

In between these steps, meaning is almost always lost because words cannot fully describe what we mean. Words are symbols for a concept that is only experienced in the brain.

In my last post, I defined what love is:

We don’t understand what love means. We think love means romantic love, but romantic love is temporary. To love someone else is to have joy for them.

I also, albeit subtly, defined what joy is:

The most important thing that has joy for us[?] [is] The Sun.

[...]

[You see,] it shines regardless of what we are doing right now.

(Emphasis mine and text added to clarify)

Joy is gladness regardless of circumstances.

I do not want people to misunderstand what I am talking about. That is how important I value communication.

How can we communicate with love?

  • Think before you speak. Many a communication befuddle could have been avoided if we chose to think before we spoke.
  • Listen. Focus on what the other person is saying. Do not interrupt other people while they are talking.
  • Be aware of what constitutes a message. Words only make up seven percent of a message. The rest is made up of how people say words (38 percent) and body language (55 percent).

The problem with “Rent to Own”

January 18, 2009

Hi all.

I’d like to make you aware of what Rent to Own is and why it is such a big problem in my opinion.

It can be best explained with a example.

You go to a store, They sell a TV in two different ways.

First way: Buy outright at $2,200.

Second way: Pay $60/week – price is $2,200. When you buy the TV, you’re not really buying the TV. You’re really buying the privilege to have it at a certain address until you pay it off.

Let’s look at the second way:

What is the effective APR? 142%

How much of the per week cost goes to the store? (Interest) $59.86

How much of the per week cost goes to the TV? (Principal) 14 cents

Is this a fair distribution? You decide. Hopefully this hypothetical example should answer this question for you.

A bank provides an savings account at rates of 142 percent compounded quarterly. You put 50 dollars into this account. How much will the account have at the end of 1 year without any monthly additions?

A = P(1 + i)^n

P = $50

i = 1.42 / 4 = 0.355

n = 4

A = 50(1 + 0.355)^4

A = 168.54939003125

which, when rounded up, is $168.55. The interest: $118.55.

Can the bank afford to do that for 1 thousand accounts over 10 years? Look:

$118.55 * 1,000 accounts * 10 years = $1,185,500.

If you opened a rent to own business, you could get that much money if you sold the hypothetical TV about twice every hour for 24 hours, or about once every hour for 8 hours.

Pick one: Rent your TV, or own your TV. Don’t do both for America’s sanity. Please. I beg you.