Giving Away Money
Step #9: Don’t Neglect the Importance of Sharing with Others

Giving Away Money is Good for Your Financial Health and Heart

Donate to Charity to Help Others as Well as Yourself

• A willingness to share and be generous is a key indicator of our personal financial health
  
  
  • I know of no case where a person who has been stingy, selfish and unwilling to share with others … has a satisfying and healthy financial life!
    
    
  • “Giving away money is a powerfully effective antidote for controlling materialism and greed in our lives”!
    
    
• The desire to give away money and share freely really matters in determining the quality of our lives!
  
  
  • There is a direct correlation between voluntary expressions of giving … and higher levels of contentment, happiness and personal satisfaction
    
    
  • The people who have joy in sharing are driven by an “internal desire” … people who complain and struggle with giving are often driven by “external pressures” that force them to give out of expectation, obligation or coercion
    
    
• The “inverse wealth effect”
  
  
  • From 1980 to 1992, the number of millionaires in the U.S. increased 4 times
    
    
  • During that time, the average giving by people earning above $500,000 dropped by 67%
    
    
  • In 1990, Americans with incomes below $10,000 gave 5.5% away, those above $100,000 gave 2.9%
    
    
  • As we get wealthier as individuals, we get stingier and less willing to share with others! Less willing to donate to charity. Giving away money becomes harder. Perhaps a major factor in the increasingly higher incidents of unhappiness and discontent today?

Post this to the bathroom mirror!

“Giving is a powerful antidote for controlling materialism and greed in our lives”
Financial health depends on our willingness to share with others.

So, what do we do now?

Challenge yourself to look around for people and organizations in need … and commit to increase your willingness to share in the coming year. Both giver and receiver will benefit!

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