Mar 31 2011

cost analysis, kid style [day 309]

My youngest son came home with this a few weeks ago.

I’m not sure why he decided to draw this, but I’m glad he gets it.  Joe likes money and likes to spend money, but he also lives in the real world.  He’s 10 years old and somewhat budgets his money, that is, enough budgeting to get what he wants to buy.  He talks about buying stuff all the time, but he’s selective when it comes to actually making a purchase.

My oldest talked about an idea he had for an environmentally friendly missile.  While we were sitting in our think tank (hot tub), Cole spent almost 15 minutes telling me about his missile design.  It’s a missile that puts out an environmentally friendly gas that temporarily paralyzes people, allowing the police to ‘go in’ and get the bad guys, place them in prisons, and when the gas wears off, nobody is harmed in the process.  Here’s the blueprints.

Here’s the best part.  Yesterday, he did a cost analysis and figured out was his profit margin will be.  ??!!??!  How does he know how to do this?  He’s eleven years old.  I’ve talked about cost analysis stuff, but I’ve never shown him the process on paper.  Take a look.

Not only did he think of the labor costs, but when Joe talked to him about advertising, he adjusted the analysis accordingly.  I’m guessing Joe’s ad plan for him was to advertise during the Super Bowl.  If my two radically different kids partner together in the future, using their gifts to collaborate for good, they’ll do great things.  Yes, I’m the proud parent today.  :)


Dec 27 2010

the story of stuff [day 214]

I have an idea.  I know, no surprise…

I stumbled upon this little video called The Story of Stuff.  It’s a little over 20 minutes long, but I watched the whole thing.  Before I get into the details here, take a look if you haven’t seen it.  If you don’t have time to watch the whole thing, skip around and take a quick look.

Although I like the overall message, I was questioning the statistics as I was watching it.  The presentation is awesome, the content easy to follow.  Again, the overall message here is a good one, but I have a few things to discuss and challenge.

The big picture of stuff. The message here is that we, as Americans, are abusing our planet, taking advantage of the disadvantaged and that we have all fallen victim to materialism.  On many levels, this is true, but some of the statistics seemed a little off to me.  After a bit of research on this video, I found they are using it in schools to teach children about materialism and “stuff”.  I’m not opposed to that at all, but this video is not just creating awareness, it’s trying to impose a guilt trip, and as Fox News stated, “Other critics have called it a “firehose of paranoia” meant to scare children into becoming environmental activists. They say the video romanticizes poverty in its attack on industrial nations and corporations.

I hope we’re teaching our kids to watch something like this and process it in a healthy way, as they should do with everything.  My kids question things, think about everything they take in, and sometimes have a viewpoint that even I haven’t thought of.  This video’s overall message is a good one, and unfortunately, it does paint an accurate “big picture” of our wasteful society.  The reason I say that, is because this video could be remade without all the statistics, showing both sides of the message about consumerism.  That’s a hint for my idea…   Continue reading