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Sep 13, 2007

What Does the Ten Percent Mean? 

Ten percent in this context relates to Tithing. Paraphrasing from the dictionary, a tithe (from Old English teogoþa "tenth") is a one-tenth part of something, paid as a (usually) voluntary contribution. Today, tithes (or tithing) are normally voluntary and paid in cash, cheques, or stocks, whereas historically tithes could be paid in kind, such as agricultural products.

Let me give an example. If you earn $500 a week, you would be looked upon to provide $50 to some charitable organization, usually a church. If you earn $2,000 a month, your ten percent would be $200.

If you applied this philosophy to a business venture, it might be possible to create an income stream from a ten percent contribution of in kind commodities.

Would it be ethical to generate an income from contributions?

Why not?

If you generate more income, your ten percent contribution also increases. But now, you may wish to diversify your contributions (cash) to other things.

For example, if your monthly income increases by $400, and if $2,000 is your regular income, you would have $40 (using the ten percent guideline) you could contribute to another cause. With the remaining $360, it's money you didn't have before, and it's an opportunity to use it in any way you want.

This is capitalism at it's finest. Non-profits get what they want, and you get what you want. What's unethical about that?

There are many businesses that contribute cash and in kind items.

This is just another twist to the philosophy of making a contribution while you increase your own well being. The more you get, the more you can give. There isn't anything wrong with that.

If you are a person that likes to make contributions, this is an efficient way to accelerate your ability to do so.

http://www.care2.com/c2c/group/TenPercentSuccess
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Posted: Thursday September 13, 2007, 2:23 pm
Tags: children donations [add/edit tags]

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Edward P.
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