Category: Generosity

Generosity

Totally (In)Secure

VinceLeave a comment

They did a study at the Chronicle of Philanthropy years ago where they asked people who inherited money, “What amount of money would you need to feel totally secure?” And every single one of them, no matter what they had, named a number that was roughly twice what they inherited. So that’s what you need to know about money, right? If that is your primary measure of success or value in life, then good luck with that, because it will never feel good.

From an interesting interview with a Disney heir.

I generally don’t like to quote from people talking about “studies” unless I’ve seen the original study.

Generosity

A Better (or at least more productive) Christmas Gift

VinceLeave a comment

Here’s a little quiz I often give the people we counsel on finances. You only get ten seconds to answer each question, so put that fancy phone to use. Keep your eyes on the first question only right now — no peeking!

What’s the most memorable Christmas gift you’ve ever received?

Got it? OK, next question.

What’s the most memorable Christmas gift you’ve ever given?

In my experience, most people can answer the second question without a problem, but often struggle with the first one. That shouldn’t surprise us, because Jesus told us that it’s better to give than to receive.