Tag: value

The emergence of the Value for Value Model

Guest Post by Stephan van Rooden

What is the compensation you ask for the services you provide? Do you determine the value it represents or do you leave this to the user of the service? The “Value for Value” model puts the question what the value of a service is to the user himself. How did that come about? What are the benefits and what responsibility does this give the supplier of the service?

A brief history

The ‘Value for Value’ model originated with Adam Curry and John C. Dvorak. to the older readers, Adam Curry is known as a former VJ at MTV. He is also known online as the “Podfather”. One of the founders of Podcasting. For over 13 years, the two gentlemen have had a bi-weekly podcast, the ‘ No Agenda Show‘. This podcast is freely available to listen to and you will not hear any commercials. The podcast is therefore completely independent. You can imagine a podcast about current affairs. It is made twice a week and has a length of approximately 3 hours. Requires a good amount of time and energy to make and prepare. Nobody has that much free time left. How do they do that? how did that lead to a 13-year podcast?

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The Relative Value of $100 in Every American State and County

Via Visual Capitalist

Money at Face Value

Not all money is equal. Even though the face value of money stays relatively constant, the purchasing power that is behind it can differ wildly.

We know this intuitively with our personal experiences with things like inflation, but it is also true depending on where you are spending it. In an expensive metropolitan area it may cost more for ordinary goods, while in a rural place it may buy more than you may expect. Today’s charts use information from the Bureau of Economic Analysis to look at data at the state and county level to see where money can get the most “bang for the buck” in purchasing most goods and services.

Hawaii and D.C. are Money Pits

Looking at the cost of living by state level (and including the District of Columbia), the most expensive places to live are: Hawaii, Washington D.C., New York, and New Jersey. California and Maryland are close behind.

In all of these places, on average, spending $100 will only get you about $85 of goods and services relative to the rest of the country.

Here it is mapped:

The Value of $100 by State
The best places to get bang for your buck? Each dollar goes further in the Midwest and the South. Mississippi, Alabama, Arkansas, Missouri, and South Dakota are among the cheapest states to live.

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