It’s always interesting to see how some like to minimize the importance of money. I would not say that money buys happiness. It doesn’t get you quite that far. That being said, it can certainly help in many different ways. What I always find interesting is how money can help solve almost any problem. Global warning, recovering from natural disasters, helping a loved one, being able to discover the world, etc. It just seems like everything has a price these days. Is that a good thing? Or a bad thing? Hard to say I guess.
Any sport fan would tell you that things have changed a great deal in the past 2 decades as now all involved parties consider it as a business and make moves that make sense from a business perspective. Loyalty to a team, a company or even organisation seems gone.
One very interesting thing that I read the other day was how some endangered animals are being saved. You may have heard about the Black Rhino, one of the rarest species on earth that is in clear danger of becoming extinct. What you probably do not know is that in order to try to save the animal, some governments have now made it legal to charge for killing it. For example, a ranch could allow hunters to pay an amount to go hunting for a black rhino. The price tag comes to a rather expensive $250,000…..!!
How Could Allowing Black Rhino Hunting Help Them Survive?
Black Rhinos are extremely rare for a few reasons. One of them is of course that they are being illegally hunted because of their high resell market. An even more important one is that it is very difficult and expensive to care for them, they also need a very specific environment to be able to reproduce. Who would have a big enough incentive to take on this very expensive mission?
You might think that groups like the World Wildlife Federation (WWF) would be up to the task and they do try their best but it is incredibly expensive to do and they have limited resources.
The Money Alternative
Why not give land owners an incentive to breed Black Rhinos? By telling them that thye will be able to sell hunting rights later on, it gives incentives to protect the animals, help them breed, keep illegal hunters away, etc.
Could It Work?
It’s difficult to say but there are some circumstances when it has. In Texas, they have been able to grow in spectacular ways the populations of many endangered species by giving that exact right. Ranch owners make sure they are able to have several of them and let hunters take down 5-10% of the group every year. The proceeds make it possible for them to keep growing the herds thus also improving the long term perspectives of these animals.
It’s An Outside The Box Solution
Obviously, it took a lot of failed experiments to finally reach this point. Still to this day, many believe this is the wrong way to do it. I think it’s fair but only if a better way is proposed. Many more of the problems could probably solved through unconventional methods…
What are your thoughts on this?











Weekend Readings
-The Case For Raising Top Rate Taxes @ New York Times
-Should You Buy The S&P500 Or Include More Large Caps? @ BuildYourETFPortfolio
-Vanguard life strategy funds @ Long Term Returns
-SkyNet Wars: How A Nasdaq Algo Destroyed BATS @ ZeroHedge
-What if You Could Only Work 1 Hour Per Day? @ Passive Income Now
-Avoiding hedge funds is a benefit for the 99% @ Curious Cat
-The is the time to shine – Nail your CFA exam @ SmartFinancialAnalyst
Dividend News
-You are thinking about retiring? Read this first @ TheDividendGuyBlog
-Why dividends beat buybacks @ Fortune
-Buy a Coke or the company @ GetRichSlowly
-Retirement Planning & Paycheck Issues @ Do Not Wait
-4 dividend growers with almost zero credit risk @ Dividend Monk
Tech Stock News
-Online Empires – Rise & Fall @ The Big Picture
-A Modest proposal @ The Big Picture
-Mobile Ad Network Millennial Media Prices IPO At $13 Per Share @ TechCrunch
-Apple bashing- since when is a 60 work week abuse? @ Darwins Money
-It’s time to believe in RIM and the blackberry again @ TechCrunch
Muppets vs. Goldman Sachs Funny Video:)