What are your views on how much charity one should give away, both annually and life? –@MarktMovr
Here’s my simple view. Then I have two posts on my expanded view.
A charity gives money from the interest it makes on the money it has in the bank. Part of that interest goes to administrative costs and salaries. Part of it goes to actually putting the money to work for charitable good.
So if you give $100, and the charity makes 3% interest, then maybe $2 of your money will actually go towards real charity per year. Is that what you intended?
My view is: Be a superhero.
Find situations that right now, directly need your anonymous help. Then save the world. Do it for ego reasons. Do it because you want to help. Do it because lives will be saved.
Put your $100 to work , and your valuable time to work, in situations where you can actually see the lives being saved. You will help many more people that way. Do 10% of your salary that way for the rest of your life. Lives will be saved, people will be grateful, and you will be transformed from mild mannered so-and-so to Superman from a planet in a far away galaxy.
Here is my post on the topic: 10 Reasons Why I Would Never Donate to a Major Charity or… how to be a Superhero http://bit.ly/j8WikY.