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:

Yield and Spread: yieldandspread.org
Rebecca’s Coaching Program: Coaching for do-gooders
1 For The World: 1fortheworld.org
Jack’s LinkedIn: Jack Lewars

Timestamps:

1:37 – Introduction
4:24 – The Giving Pledge
11:59 – Building A Framework And Effective Giving
23:20 – Should You Get To FI Before You Give?
33:12 – Compound Impact
39:48 – Feedback From Giving And Fun Funds
51:08 – Different Ways To Give
61:09 – Donating Appreciated Stocks
66:59 – Conclusion

Resources Mentioned In Today’s Episode:

More Helpful Links and FI Resources:

Top 10 Recommended Travel Rewards Credit Cards
Empower: Free Dashboard to Track Your Finances
CIT Bank Platinum Savings Account
M1 Finance: Commission-Free Investing, 1-click rebalancing
CashFreely: Maximize Your Cash Back Rewards
Travel Freely: Track all your rewards cards and points
Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
Student Loan Planner: Custom Consult (with $100 Discount)

483 | Effective Giving for the FI Community | Rebecca Herbst & Jack Lewars 01:10:50 Share

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483 | Effective Giving for the FI Community | Rebecca Herbst & Jack Lewars