Sunday, April 11, 2010

Being Generous and Parero

It occurred to me that most of us spend lot of energy in bargaining on small items to save money, like vegetables, auto fare or a maid's salary. Now is it nice? 10 rupees more to an auto person or a vegetable vendor means a lot to them than what it means to us. I think being generous especially with these people is very important and it makes life easy for us as well as for them.

Now if that is not convincing, think of it this way. Have you heard of the Pareto principle: the 80 - 20 rule? Pareto noticed that 80% of Italy's wealth was owned by 20% of the population. It is used widely in software quality as well. 80% of the defects can be eliminated by addressing the 20% top causes in errors.
Now going by the same rule, 80% of the money we spend goes in 20% of the items ( like Home, Car, etc). This is my theory purely. So if you want to save money bargain on big items and with big vendors. Not on small items with small vendors. So if you bargain on the 20% of the items, you could be focussing on saving 80% of your money. How is that? Nice ?
Let's be Generous and magnanimous in Life for what goes around, comes around- multifold! :-)

3 comments:

  1. I dont mind paying the 10 Rs. to a vegetable vendor but it really hurts to pay the Bangalore auto drivers extra ;-)

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