Show notes
We discuss a wide range of topics with Joel:
- Value in automating your behavior of giving back
- Hands-on approaches to giving and being generous
- An abundance mindset
- Adding some personality into your giving
- The ripple effect of how you feel once you give
- Paying it forward
- Prosocial activity
- Inter-dependence in communities
- Outrageous generosity
- Uncommonly patient
- Being more intentional with your giving
Joel also shares some creative ideas for being generous:
- Visit a grave of a deceased family member for someone who can’t make it there
- Operation Elf
- Gift your airline miles or hotel points to charity
- Donate your time and expertise pro bono - doing favors for people with your skillset
- Sign-up for Amazon Smile, and a percentage of your purchases can go to a cause of your choice
- Giving up something you don’t need and reallocating that to a cause that does need things
Top 3 Takeaways:
- Being outrageously general and giving back matters.
- Like all things personal finance-related, it’s personal. Give what you can when you can, whether your time, money or more prosocial behavior!
- Challenge yourselves and others to take a step back and be thankful for what you have and what you can personally give to this world.
Show References
- Friends on FIRE episode #061 - Habits, happiness, and hard work with 5am Joel
- Book: The most good you can do by Peter Singer
- 5am Joel Post - My friend is outrageously generous
- Budgets are Sexy article: How to include charitable giving in your budget and other ways to give
- Budgets are Sexy article: Volunteering sucks, but it’s also kind of awesome
- Find a Grave
- Operation Elf
- Charity Water
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Other Links
Maggie’s Blog: Mostly Minimal Life
Mike’s Book: Your New Relationship with Money