“He that giveth unto the poor shall not lack: but he that hideth his eyes shall have many a curse.”-Proverbs 28:27
There’s a dumb mistake many people make when it comes to their finances….
…and it could potentially leave a lot of money on the table.
Are you making it?
If you are, don’t worry, we’ll show you how to fix it.
Now this isn’t just my opinion, but ancient wisdom coupled with hard data that can better your quality of life and improve your finances.
Why Being Philanthropic Is Financially Smart
Hopefully you consider yourself somewhat philanthropic (someone who gives). It’s a great way to improve the quality of your life and happiness, as well as others around you.
(I’ve got some extremely interesting information on the correlation between happiness and money, and a special guest that will blow your mind. Make sure to jump on our newsletter so you don’t miss it.)
But if I can’t convince you to be giving to better the lives of others, let me at least convince you to be giving to better your own life.
And I’m not talking about warm fuzzies, but rather fundamentally improving your financial life.
It’s ancient wisdom that to be giving seems to position you to be on the receiving end of many unexplained benefits. What’s even more interesting is there is actual data that verifies that “He that giveth unto the poor shall not lack.”
I uncovered a study in which researches discovered significant value to those that give. They discovered that for every $1 donated to charity, an additional $3.75 in extra income is generated. What’s extremely interesting about this study, done by the Legatum Institute, is that it correlates directly with the proverb written over 3,000 years ago, that to give is to be given.
Now if you’re like me, you’re probably wondering how this phenomena occurs. Read on…
The Economic Benefit of Giving
As we’ve seen, it’s statistically proven that the more you give the more you will have. I like to call it being “economically effective.”
Simply put, the more value you give to society, the more it gives back- with massive dividends!
There is no clear explanation as to why this happens, but it does. It’s most likely evidence that givers have certain characteristics that make them more “economically effective” than non-givers. Some would call it karma.
Now I’d love to hear your opinion. Do you consider yourself economically effective? Do you see the returns from giving?
Want to become more economically effective right now? Here’s an opportunity: share this post with a friend that you think might benefit. I would really appreciate it.