The Case for Microgenerosity
In a recent post, I talked about the three uses of money: Give, save, spend.
Ever dollar of income that you successfully shield from the tax man is destined for one of these uses. And in the long run, saving is just a temporary thing. Every dollar you save is destined to either be given or spent.
So one way of looking at it is that generosity constitutes half the available uses of money. Most people never think about it that way. Giving is more important than you think it is.
With that in mind, it’s worth taking some time to talk about the practice of generosity. Last time I covered the concept of increasing your standard of giving before your standard of living when your pay increases. I suggested you make a list of people and causes to give to and set up automated donations.
Today, I’m going to argue for a different path.
The Generosity Fund
Every now and then I like to re-read good books. Sometimes re-reading a good book is a better use of your time than reading a new book that turns out to be sub-par.
In this case, the book I just finished re-reading is All the Money in the World by Laura Vanderkam. I’ll be honest, the first time I read it, it doesn’t look like I took any notes on the chapter about giving. This time I took a…
