I should note the goal is to donate 5% of the portfolio each year.
That will let me donate far more than my entire annual income which is currently over $500,000 per year.
I love Will McCaskill’s “earn to give” strategy but I tweak it to “earn to invest and give.”
In an upcoming article on Seeking Alpha I’ll show how donating 50% of your income is great.
But donating 25% of your income to the most effective charities and investing 25% into a low risk ETF based portfolio can result in up to 100x more donations than just donations alone.
Donate today, donate even more tomorrow, and donate staggering amounts over your life time.
And then turn your portfolio into a perpetual charitable trust in your will.
That ensures the effective altruism never stops.
For an example of how powerful this can be consider the example of Ben Franklin.
Franklin left $1,000 in his will to Philadelphia and Boston with one important proviso.
The money had to be invested and half donated to charity after 100 years.
Then the other half after 200 years.
The second donation to each city, was $13 million each.
From $2000 over $26 million donated to charity.
That is the power of patient philanthropy.
Help those most in need today.
Help tens of thousands over your life time.
And help millions or billions over centuries.
Give thousands and you can help lots of people.
Give millions and you can help millions.
Give billions and you can change the world.
But give trillions over centuries and millennia and you can change everything.
I should note the goal is to donate 5% of the portfolio each year.
That will let me donate far more than my entire annual income which is currently over $500,000 per year.
I love Will McCaskill’s “earn to give” strategy but I tweak it to “earn to invest and give.”
In an upcoming article on Seeking Alpha I’ll show how donating 50% of your income is great.
But donating 25% of your income to the most effective charities and investing 25% into a low risk ETF based portfolio can result in up to 100x more donations than just donations alone.
Donate today, donate even more tomorrow, and donate staggering amounts over your life time.
And then turn your portfolio into a perpetual charitable trust in your will.
That ensures the effective altruism never stops.
For an example of how powerful this can be consider the example of Ben Franklin.
Franklin left $1,000 in his will to Philadelphia and Boston with one important proviso.
The money had to be invested and half donated to charity after 100 years.
Then the other half after 200 years.
The second donation to each city, was $13 million each.
From $2000 over $26 million donated to charity.
That is the power of patient philanthropy.
Help those most in need today.
Help tens of thousands over your life time.
And help millions or billions over centuries.
Give thousands and you can help lots of people.
Give millions and you can help millions.
Give billions and you can change the world.
But give trillions over centuries and millennia and you can change everything.