Occupy MN is a thriving local business
|These people have actual American money.|
Occupy MN is also doing a very strange thing, which experts speculate is a good way to handle investments: They're spending a lot less than they take in. Now, if Occupy MN had just taught the rest of us how to do that, we wouldn't be in this situation in the first place.
According to yesterday's release, Occupy MN took in $12,481 in donation money in its first week. Of that, $5,750 was spent on expenses like food, tech equipment, sanitation and medical costs. At that rate of raising and spending, Occupy MN could be in this thing for the long haul.
Okay, wait -- now can we see a detailed explanation of what U.S. Bank's revenue and expenses look like? No? All right then, let's stick with the protesters for now.
Admittedly, Occupy MN's finances, as uploaded to GoogleDocs, are something of a simplified version, and perhaps not ready to be sent to the accountants. But, if it's accepted that the large numbers are correct, things look rather promising for a continued occupation.
|Hey, could you teach the banks how to handle money?|
Donations tapered off a bit after that: On the seventh day of Occupy MN, the protesters only collected $488. Even still, with the minimalist spending the group reported, that money will last a while.
The largest expenses reported are for "Livestream: Equipment and Access," meaning internet costs, and "Sanitation/Biffs," a reference to the portable restrooms in use by the protesters. That cost rang up at $2,000 in the first week. But that's more than twice the amount the group spent on food, which is reported as only $900 -- for an entire week!
Not only do the Occupy MN protesters have their finances in order, but they're not even overeating like the rest of us. Nor are they shoveling money out the door at an unsustainable rate.
Teach us your ways, Occupy MN, and we shall follow you into the cold autumn night.
Faces of Occupy MN Day 1 [SLIDESHOW]
Occupy MN and TakeAction Minnesota storms Wells Fargo [UPDATE]
Occupy MN: Protesters block streets outside Wells Fargo Center [VIDEO]