Comments on: How a beggar in Grenada uses data to optimize donations http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Sun, 8 Nov 2009 06:09:27 -0800 http://wordpress.org/?v=abc hourly 1 By: Björn Klose http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations/comment-page-1/#comment-38159 Björn Klose Sun, 21 Oct 2007 08:05:11 +0000 http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations#comment-38159 Thanks for this inspiring post, Ramit. Your idea of the 1/3s reminds me of pareto's 80/20 rule. I would be surprised if you haven't read about it, but for all you other guys: http://en.wikipedia.org/wiki/Pareto_principle And if you find the time, there's a great book by Richard Koch on the subject along the lines of measuring and analysis. Some interesting ideas like 80/20 analysis of your social life and more. Keep up this great writing. Cheers from Germany Thanks for this inspiring post, Ramit.
Your idea of the 1/3s reminds me of pareto’s 80/20 rule. I would be surprised if you haven’t read about it, but for all you other guys:
http://en.wikipedia.org/wiki/Pareto_principle

And if you find the time, there’s a great book by Richard Koch on the subject along the lines of measuring and analysis. Some interesting ideas like 80/20 analysis of your social life and more.

Keep up this great writing.

Cheers from Germany

]]> By: Naz http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations/comment-page-1/#comment-35557 Naz Thu, 04 Oct 2007 16:21:14 +0000 http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations#comment-35557 Thats it, I'm deleting the RSS feed.... Thats it, I’m deleting the RSS feed….

]]> By: will http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations/comment-page-1/#comment-35416 will Wed, 03 Oct 2007 18:53:22 +0000 http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations#comment-35416 Nice Post Ramit. As you know, I know for sure that what you track gets done. In a PF light, if you track your Net Worth it increases, because the tracking becomes motivating. Will Nice Post Ramit. As you know, I know for sure that what you track gets done. In a PF light, if you track your Net Worth it increases, because the tracking becomes motivating.

Will

]]> By: Stephanie http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations/comment-page-1/#comment-35389 Stephanie Wed, 03 Oct 2007 14:38:22 +0000 http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations#comment-35389 I've started tracking my spending and internet usage. I've found a site that helps with each of these. For spending, I log in to walletproof.com, where I enter my expenses and track my spending history. There's a firefox add-on at pageaddict.com where it tracks what sites you've been at and how long you've been there...then you can categorize it into different groups, perhaps distractions such as games, video sites, etc. I have to admit, my blogs category is pretty high! I’ve started tracking my spending and internet usage. I’ve found a site that helps with each of these.

For spending, I log in to walletproof.com, where I enter my expenses and track my spending history.

There’s a firefox add-on at pageaddict.com where it tracks what sites you’ve been at and how long you’ve been there…then you can categorize it into different groups, perhaps distractions such as games, video sites, etc.
I have to admit, my blogs category is pretty high!

]]> By: I Will Teach You To Be Rich » Testing ads on iwillteachyoutoberich for 3 months http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations/comment-page-1/#comment-35388 I Will Teach You To Be Rich » Testing ads on iwillteachyoutoberich for 3 months Wed, 03 Oct 2007 14:13:40 +0000 http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations#comment-35388 [...] you’re curious about what short-term experiments you could do, see yesterday’s post on experimentation and another article I wrote, Think in Weeks, Not [...] [...] you’re curious about what short-term experiments you could do, see yesterday’s post on experimentation and another article I wrote, Think in Weeks, Not [...]

]]> By: Follow the data « Rice Paper Sliding Door http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations/comment-page-1/#comment-35385 Follow the data « Rice Paper Sliding Door Wed, 03 Oct 2007 13:21:17 +0000 http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations#comment-35385 [...] I Will Teach You To Be Rich » How a beggar in Grenada uses data to optimize donations The key was incremental improvement every day through data. He had hunches that he subjected to testing, not handwaving. This is one key differentiator that, I believe, allows people to be an entrepreneur, by which I mean having a disproportionate impact that’s larger than the average person. Instead of just going on gut, they make lots of small, incremental improvements, measuring each one along the way. [...] [...] I Will Teach You To Be Rich » How a beggar in Grenada uses data to optimize donations The key was incremental improvement every day through data. He had hunches that he subjected to testing, not handwaving. This is one key differentiator that, I believe, allows people to be an entrepreneur, by which I mean having a disproportionate impact that’s larger than the average person. Instead of just going on gut, they make lots of small, incremental improvements, measuring each one along the way. [...]

]]> By: Ruby http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations/comment-page-1/#comment-35381 Ruby Wed, 03 Oct 2007 13:00:28 +0000 http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations#comment-35381 very nice post! very nice post!

]]> By: Jacques http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations/comment-page-1/#comment-35369 Jacques Wed, 03 Oct 2007 09:32:35 +0000 http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations#comment-35369 Very good point Ramit, and it all started with some good old fashioned scientific management back in the days. One of the beauty of the internet medium is the easy tracking one can do to run all those tests... Very good point Ramit, and it all started with some good old fashioned scientific management back in the days. One of the beauty of the internet medium is the easy tracking one can do to run all those tests…

]]> By: Minimum Wage http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations/comment-page-1/#comment-35335 Minimum Wage Wed, 03 Oct 2007 05:25:50 +0000 http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations#comment-35335 I love reading Ramit's stuff. Not only is it very informative, his imagery is very evocative. His "delightful medley of lemon juice, salt, and bees" got me hooked. I love reading Ramit’s stuff. Not only is it very informative, his imagery is very evocative. His “delightful medley of lemon juice, salt, and bees” got me hooked.

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