Now you can have your assets not only in money or other values, but also in time. An online project called Time Banks at Timebanks.org is changing people's lives and communities by doing good works that return to you.
Time banks allows you to invest in your time. Time bank is a way that allows to pay it forward with a time not necessarily with money.
Hereis how Timebanks explains itself. "For every hour you spend doing something for someone in your community, you earn one Time Dollar. Then you have a Time Dollar to spend on having someone do something for you. It's that simple. Yet it also has profound effects. Time Banks change neighborhoods and whole communities. Time Banking is a social change movement in 22 countries and six continents."
Good Morning America this morning run a story about Time Banks which takes off during hard times of the economy. Instead of getting out your wallet, which may be empty during these times, you can turn to a time bank. Its a program that allows you to trade your skills for the repairs you need without paying for the service.
Time bank is a kind of barter, which is based on the value of time that you are willing to exchange with others.
"t works kind of like bartering, in which two people trade goods or services instead of money, but time banks have a pay-it-forward twist.
"For example, if someone needs an hour's worth of help painting a fence, a time bank will match that person with someone who knows how. In exchange, that person will spend an hour helping someone else," writes Good Morning America story.
The popularity that Timebanks.org is gaining will change many lives. Time Bank is an absolutely extraordinary project that values helping each other and raises the importance of the time asset, verses greed and money.
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