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I mean intentionally given away, not throw it away like gambling or paying taxes, but just handed it off.
I never really considered this, but for whatever reason it occurred to me today. I did not figure it out but the answer is probably pushing $2 million over my lifetime. I do not think I will ever regret it, but there are times I wonder if that was stupid. What if I end up broke? I could have allowed my kids to avoid student loans. Still it was worth it.
Mostly it was church and charity donations, but there were a lot of other things. Go to McDonalds give them $300 and tell them everyone is free food until it runs out. hen sit in a corner and watch, it is fun. Unexpectedly pickup the tab when you are out with less wealthy friends. Leave your favorite waitress $200 tip. Stick a wad of $100 bills in an envelope and autonomously leave it in a friends mailbox when they are having financial difficulty. Pay brother's mortgage for a few months, or buy his medication he cannot afford. Leave nice tips for mailman, garbage man, lawn guy. Donate something to the local police or fire department (even cookies). Visit a homeless shelter or food kitchen, ask them what they most need and buy it for them. All of those things are really just giving money away. It is all just little bits except charity donations, but if you think through all those little bits, they add up to a lot.
Anyone feel like it was or was not worth it to them? Does anyone never give away any money?
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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We set up a 'donor advised fund' and a Family trust when we were in our 30's. Not because we were loaded... (as a single wage earner supporting a family, farm, and elderly parents by working an hourly night shift factory job...)
This has been a very handy place to stash contributions in years of plenty,(tax benefits) and to bury all our appreciated company stock (over 40 yrs of employment in various jobs (working 2-3 at a time)).
The kids will ONLY inherit the rights to designate the future gifting, as we have designated all assets in excess of living expenses and needs to charity. But... one 'medical event' and we are hosed, but!!! the family foundation will live on! And our annual gifting will continue.
Giving is a mindset and personal value. I don't expect any of us to be giving the the same (or any), or to be saints.
I mean intentionally given away, not throw it away like gambling or paying taxes, but just handed it off.
I never really considered this, but for whatever reason it occurred to me today. I did not figure it out but the answer is probably pushing $2 million over my lifetime. I do not think I will ever regret it, but there are times I wonder if that was stupid. What if I end up broke? I could have allowed my kids to avoid student loans. Still it was worth it.
Mostly it was church and charity donations, but there were a lot of other things. Go to McDonalds give them $300 and tell them everyone is free food until it runs out. hen sit in a corner and watch, it is fun. Unexpectedly pickup the tab when you are out with less wealthy friends. Leave your favorite waitress $200 tip. Stick a wad of $100 bills in an envelope and autonomously leave it in a friends mailbox when they are having financial difficulty. Pay brother's mortgage for a few months, or buy his medication he cannot afford. Leave nice tips for mailman, garbage man, lawn guy. Donate something to the local police or fire department (even cookies). Visit a homeless shelter or food kitchen, ask them what they most need and buy it for them. All of those things are really just giving money away. It is all just little bits except charity donations, but if you think through all those little bits, they add up to a lot.
Anyone feel like it was or was not worth it to them? Does anyone never give away any money?
Good topic. Never really thought about the sum total. I've not given away as much as I would like, but intend to give away more as I get older and the bills go down.
I mean intentionally given away, not throw it away like gambling or paying taxes, but just handed it off.
$1.5 million U.S. so far approximately.
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