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Three Cups of Tea

One of the privileges of having financial security is the luxury of having enough to give to others. Certainly giving to others can be practiced at all of levels of financial well-being. Arguably the more financially success one is, the more one is capable of sharing that with others.

You often hear folks not wanting to donate money to organizations because they are afraid that their contributions won’t really effectively reach those in need. I wanted to share with our readers an incredible opportunity to contribute to the development of those in need and know that your money will be well spent.

Three Cups of Tea is a story about Greg Mortenson, an American whose failed summit of K2 redirected his life to promote peace one school at a time. The book details Greg’s thrilling adventures that have resulted in building 61 schools and educating 25,000 children of Pakistan and Afghanistan. I predict that it is incredibly likely Greg will achieve the Noble Peace Prize in years to come.

The book itself is a tribute to what one man’s passion can achieve. It is also a true example of how development dollars could be spent more effectively if need was met with flexibility and reason rather than bureaucracy. (I write this in a seat brought to you from the American people with the generous support of USAID, an agency that despite best intentions by many remains bureaucratic by nature.)

If Three Cups of Tea interests you at all I would check out the book. If you purchase online going to Amazon through the website, 7% of the cost will go towards building schools in central Asia. The Central Asia Institute is a place were you can see your money go to a charity that will spend your money well. The CAI has managed to keep the cost of building schools to an estimated $20,000 per school and also works on scholarship and health related projects.

Another opportunity to contribute was also started by Greg. Pennies for Peace is is a way for children to learn about the world and help children around the world to enjoy the luxury of education. The first $623.45 for Greg’s first school came from children collecting pennies. If you know someone who is an educator or have kids that you would like to share the lesson of giving, this is a great avenue to do so.

Salaam Alaikum – Peace be with you!

Miel

Images courtesy Greg Mortenson, Central Asia Institute

Bush Market

I thought today I’d share a tidbit for our readers to know that American tax dollars are hard at work. More commonly known as the black market, here in Afghanistan it is called the Bush Market, yes, named after our beloved George W Bush.

At the Bush Market you can find an odd ,yet plentiful, supply of American treats, complimentary of the military. I can’t fathom how that much stuff can be pilfered from military issued supplies, but business seems to be booming.

You can find an assortment of vacuum packed brown US issued meals that look oh so enticing. Plus massive cans of soup, fruit, veggies, relish, you-name-it-you. M&Ms, graham crackers, cheez-its, pop tarts, mike & ikes, kit-kats. You begin to wonder how the military could possibly be fit with such a diet. Particularly when their treadmills make nice dusty seats in the streets of Kabul!

There was part of me that wandered through the stalls thinking how much money was actually spent by tax payers to eventually have a packet of gatorade sell for about a nickel a piece. It felt a bit like a morbid fascination, in that you don’t want to be a part of such a trade, but at the same time know that it will go on with out without you.

The incredible thing is that where everything else in Afghanistan is hugely marketed up for foreigners, they seem to give a fair deal at the Bush market, offering the same price for locals and foreigners alike. Do they perhaps recognized that we’ve already paid for it in the first place? Like paying for goods that have already been stolen from you in a round about way. They’ve also set prices for certain easy to find items across the market so there is less negotiation. But people were very nice and the scene felt comfortable to navigate. We did go with an Afghan national from our office to help sort through it all.

The best find of the day was our beloved Monster energy drink. For readers who have been with us for awhile you would know that James & I made out well with Hansen’s Natural Soda stocks, HANS, in 2006. I had to chuckle to find it among the isles of treasures. Check out the box on the bottom left of the shot above!

My personal favorite that I did pick up a dozen of was the Starbuck’s Espresso and Cream Double Shots for a buck a piece. Not a bad day at the market!

Enjoy!

Miel

For Love or Money

Since its a slow day here at the DINKs, I’m posting this moderately amusing ABC news video. Its on our favorite topic: financial decision making for married couples. The clip features the latest results of a money magazine poll. Evidently, 75% of men think they are in charge of household finances, but only 50% of women thought their husbands were running the show. The clip rightly points out that marriages are like small businesses and it emphasizes the importance of communicating about ones priorities.

For what its worth – in our marriage, we tend to talk a lot about setting joint priorities, but because my wife Miel is earning like 15 times more than me, she’s currently the financial head of the household.

Check the clip here.

The screenshot is here:

Our $20,187.28 Challenge

To take a quick break from my regular rants about politics and markets, I wanted to talk a little bit about our personal debt reduction activities. When we refinanced our mortgage a few months ago, we did an 80-10 split where we took out a mortgage for 80% of the value of our home, and a home equity line of credit (HELOC) for %10 of the remainder.

The reasoning at the time was we could get a better rate structuring the loan in that manner. Well, it turns out that our loan wasn’t entirely hassle free. The HELOC rate was variable, which means that Washington Mutual can increase our payments as they see fit. Since we took out the loan, they’ve helped themselves to an additional 1.84% increase, from 7 to 8.74%. This is great for the bank, but not for our pocketbook.

So, we currently owe $20,187.28 on our HELOC. Our number one financial goal over the next six months is to try to slash this by at least 40%. Its going good so far, my wife Miel has put $500 towards the principle and I just contributed another $154.00. We’ve also agreed that most of the modest profits from our blog and our investment property will likely be going to this goal as well.

So, the good news about expensive debt is that you can make it go away by throwing money at it!

Best,

James

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