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Posts Tagged ‘The Giving Pledge’

Could You Spend $1,000 A Day?

I’m willing to wager, the difference between you and a billionaire, is exactly one billion dollars. In roughly 15 years there will be 1 Billion Millionaires on the planet, will you & I be one of them? We are under the mistaken assumption that money makes us happy, yes it makes things easier to pay for and it gives us options, but happiness? Another bet I’m willing to make is, the happiest you have ever felt is when you helped someone financially when they were in hardship, maybe you gave away half of your food supply or bought a meal for someone less fortunate than you. Do billionaires do that?

Just recently, 40 billionaires vowed to give away half of their fortunes, people like Bill Gates, Warren Buffett, George Lucas, Oracle founder Larry Ellison, Ted Turner and New York Mayor Michael Bloomberg, just to name a few have stepped up. Imagine giving away half your fortune. That’s 40 Billionaires, based on Forbes magazine’s estimates of billionaires wealth, at least 150 billion US could be given away. These people could shape the future of the world with this money, I hope it happens, and I hope we obliterate world hunger at the same time, it would only take a small percentage of 150 Billion to solve that problem.

Let’s put this in some perspective, there are 403 Billionaires living in the USA, why do we have the problems we do with this much money available. If you the average person had a billion dollars, and you were born with that billion, your life would be somewhat different than it is today. You could spend a $1,000 a day and never spend it all, the average person could not do it. Bill Gates & the Warren Buffett’s of the world could spend a Billion in seconds, but I venture that you and I would have a tough time doing it. Imagine being a billionaire, knowing all the while you couldn’t spend it in your life time. Something would have to change, and that would mean you.

Now ask yourself a question, what kind of person would you become with that kind of money in your hands? I have a good idea, but that’s not where I’m going with this little bitty. I can only hope there is an easy and quick way to get that 150 billion dollars into the hands of those who truly need help. That world hunger would be eliminated, and human suffering could be greatly reduced. Billy Graham once said, there are three things technology has yet to solve:

1.) Human Evil
2.) Human Suffering
3.) Death

The said 150 billion dollars will increase #1 I suspect, #2 could be drastically reduced and #3 may be solved through Nanotechnology in 30 years time. I know we all have uses for large amounts of money at some point in our lives, but how much is enough, and once you have all the toys, what would you need? It gets hard for you & I to spend a Billion once we have a basic needs met. It’s fun to think about, but there are far too many out there who have much less than you and I. Don’t wait for your Billion to make a difference in someones life, DO IT NOW!

If you wish to see the full list of billionaires pledging to giveaway half their fortunes, here’s the site: The Giving Pledge

A few concerns, who will administrate these funds, who will decide where the money goes, and will the money actually get there, I fear bureaucracy will win before people do.

What kind of person do you think you would become if you suddenly became a Billionaire?