In this episode: building a giving framework, the giving pledge, compound impact, donor advised funds, and different ways to give.
Is it better to give to charity in a lump sum versus incrementally? What are the tax implications of donating? What are the benefits of using donor advised funds? This week we answer these questions and more with the help of Rebecca Herbst and Jack Lewars as we discuss charitable donations and effective giving while on the FI journey. A large part of FI is taking actionable steps to improve your life, but this journey also opens up opportunities to improve the life of others. While navigating donations while on the path to FI can seem tricky because we are so focused on attaining our FI numbers, there are still many ways you can give back and make a difference. Creating the habit of effective giving can help you leave an impact on yourself and the world at large! There are many resources available that can help calculate what you can give while remaining on the FI track, as well as help you see how your donations are making a difference!
Rebecca Herbst & Jack Lewars:431 | Evolution of FI | Mad Fientist
430 | Mindset, Financial Independence, and Real Estate | The FI Couple
429 | FI Frugal Hobbies | Chris Terrell
428 | Fees, Frugality, and 401K Fears
427 | Drawdown Strategies: Karsten vs. Fritz
426 | What to do with $2.5 Million & Real Estate Update | Scott Trench
425 | Turning the Tables on Brad
424 | The Power of FI | Deanna
423 | What Are You Optimizing For? | Chris Hutchins
422 | Lessons From a Young Entrepreneur
421 | Secure Act 2.0 Deep Dive | Sean Mullaney
420 | Mindful FIRE | Adam Coelho
419 | Your Bold Move for 2023 | Dominick Quartuccio
418 | Investing Lessons Learned in 2022 | Brian Feroldi
417 | Year End Wins 2022
416 | Learning to Leave | Diania Merriam
415 | Four Thousand Weeks | ChooseFI Book Club
414 | House FIRE | Alan Corey
413 | Mental Wealth & Healing | Rich Jones
412 | What's In Your Index Fund? | Katie & Alan Donegan
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