The main reason why I am glad I waited 12 years before donating in a big way is that I switched from being global poverty focused to animal welfare and then to long term future. So now I believe what I am donating to is many orders of magnitude more cost-effective than what I would have donated to 15 years ago.
Good point. Have you also saved/āinvested in order to grow the capital you devoted to donations? I plan to do just that, coupled with strategies to avoid value drift.
Yes, I have invested using strategies like this, which have worked out very well. You can also get a tax deduction by donating to a donor advised fund, which can then only be used for charity. But use one like this so you can have investment freedom.
The main reason why I am glad I waited 12 years before donating in a big way is that I switched from being global poverty focused to animal welfare and then to long term future. So now I believe what I am donating to is many orders of magnitude more cost-effective than what I would have donated to 15 years ago.
Good point. Have you also saved/āinvested in order to grow the capital you devoted to donations? I plan to do just that, coupled with strategies to avoid value drift.
Yes, I have invested using strategies like this, which have worked out very well. You can also get a tax deduction by donating to a donor advised fund, which can then only be used for charity. But use one like this so you can have investment freedom.