EPTHow much can I impact with 5 dollars? - Page 3
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FallDownMarigold
United States3710 Posts
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Roe
Canada6002 Posts
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ktimekiller
United States690 Posts
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hzflank
United Kingdom2991 Posts
 On a serious note: you could probably pay some kid to work for a whole day for $5. I do not know what that labour could achieve that would improve the world, but I am sure that you could do more with a day of kid labour than by just giving food to a homeless person. | ||
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Grimmyman123
Canada939 Posts
Thats 20 packs of ramen noodles. Or you could buy a whole bag of White Castle and give it to the first homeless beggar you see. Hint - Whatever you buy - explain what you are doing to the manager. You might get some unexpected additional charity for the cause. | ||
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ZenithM
France15952 Posts
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fdsdfg
United States1251 Posts
Theoretically it could help a lot of people, but $5 would have to target developing nations, and it's very difficult to make sure the money goes somewhere useful. | ||
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dotHead
United States233 Posts
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radscorpion9
Canada2252 Posts
Its really difficult to say. Probably the safest route is to just donate it to your preferred charity of choice. But if you have to choose, I would try to find the cheapest food you can buy and then donate it to your local food bank. | ||
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amd098
Korea (North)1366 Posts
On August 01 2013 07:42 75 wrote: buy tons of CANDY and give it to children. but do it for kids in a hospital ideally a ward where the kids have stayed there for a while ive been there... spent months upon end as a kid in a hospital getting anything outside of nasty hospital food is great, and candy, every kid loves candy. it'd lighten up their day. they might not remember you 200 years from now, but the impact it made, it makes a difference | ||
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Not_Computer
Canada2277 Posts
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LegalLord
United States13779 Posts
The conclusion that most people came to is that $5 isn't really helpful. Try to do what you can with no budget at all. | ||
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Artax
121 Posts
Or better yet, spend the $5 printing out flyers or signs asking for more donations. Then invest those donations, or spend them seeking even more donations. Go for a snowball effect. Investment is better than spending, despite what presidents may tell you during recessions. Of course, another way to look at this is that time is money. If you spend an hour thinking about and spending this $5, you could theoretically have used that hour to earn more than $5, so from an economist point of view, you are actually LOSING money for the world at large due to the negative opportunity cost. You could spend the $5 writing up a report explaining to your boss why this exercise is actually negative opportunity cost and is therefore actually detracting from the global wealth and therefore causing harm instead of good, and if he takes it to heart you can claim that you are increasing global wealth by eliminating such future exercises in your company. Economics is fun and interesting, isn't it? | ||
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Z-BosoN
Brazil2590 Posts
Find things to compliment people on Write these compliments down and hand it over to them with $5 that's a ton of notes you can write, a ton of messages you can give, and a ton of appreciation you will create | ||
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WombaT
Northern Ireland26100 Posts
On August 01 2013 10:50 Artax wrote: Invest the $5 and then help more people with the hundreds you end up with in a couple decades. Not to mention the help you are giving whoever you invest that $5 in for decades. You help in two ways. Or better yet, spend the $5 printing out flyers or signs asking for more donations. Then invest those donations, or spend them seeking even more donations. Go for a snowball effect. Investment is better than spending, despite what presidents may tell you during recessions. Of course, another way to look at this is that time is money. If you spend an hour thinking about and spending this $5, you could theoretically have used that hour to earn more than $5, so from an economist point of view, you are actually LOSING money for the world at large due to the negative opportunity cost. You could spend the $5 writing up a report explaining to your boss why this exercise is actually negative opportunity cost and is therefore actually detracting from the global wealth and therefore causing harm instead of good, and if he takes it to heart you can claim that you are increasing global wealth by eliminating such future exercises in your company. Economics is fun and interesting, isn't it? How is investment necessarily better than spending? I'm not economically literate but that seems a bold claim | ||
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teddyoojo
Germany22369 Posts
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MarklarMarklarr
Fiji226 Posts
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openbox1
1393 Posts
On August 01 2013 07:55 FezTheCaliph wrote: This reminds me a lot of the Stanford Entrepreneurship Challenge where they had to maximize a profit with $5 and 2 hours. Try and think outside the box. Think about things you can do without using the 5 dollars at all. Think about what other resources you have at your disposal aside from the 5 dollars. Here's a write up about the Challenge http://www.psychologytoday.com/blog/creativityrulz/200908/the-5-challenge Good luck! Yup, just want to highlight this post by the Caliph  . Its a common leadership/entrepreneurial test used by some business schools and crappy tv programs like the apprentice. lol.The $5 is commonly a distraction to limit your choices. Nothing says you have to use just the $5 or even use it at all. Think of the most good you can do without a dollar or any limitation and you can do so much for the poor. Assemble a clothing drive amongst your friends, clear out pantries of food you guys don't like, get local f&b businesses to donate leftovers to the poor, structure a plan to donate leftover unneeded surplus of your business to the appropriate disadvantaged groups. Costs nothing yet you do a lot more than trying to make the $5 grow into something that will have an impact. People undervalue what time and manpower can do for charity. | ||
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HystericaLaughter
Australia720 Posts
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ThePrince
Peru331 Posts
Donation is giving them a piece of fish. Really. How about donate a BOOK instead. Purchase a book worth $5 and donate it. | ||
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