Agreed, and the increase in frequency of posts like these are why I haven’t subscribed. I appreciate his perspective, he seems like a sincere person, but I’m not paying $20 something a month for this kind of content.
Yes and the lack of a narrow scope is actually the biggest hurdle right now. Broadly, I’ve felt drawn towards supporting mental health support, contemplative practices, recovery/addiction, animal welfare, and disease research. Mostly these are areas where either myself or my loved ones have felt intimately impacted (e.g. my girlfriend spent most of the year fighting breast cancer; uncle died of colon cancer). It’s hard to decide where to focus and how…
Where is that motivation of devoting yourself to the common good coming from as you mentioned when first talking about the idea of starting a non profit?
A lot of us would have cashed in at a few millions, let alone 45. When we think of investing, we think of making enough money to, as you say yourself, free ourselves from financial insecurities, then come the wildest dreams; a house, a car, a boat....
When asked around what would they do with their money if they'd become multimillionaire, none would answer, starting a non profit.
Is that something you always had in mind? Is it in the pursuit of self reflection?
When we read about billionaires having their foundation, we think it's another way for them to shelter money from taxes. While I like to believe your intentions are genuine and as simple as helping others, I am curious to know what brought you to that idea.
One of my buddies had said "earn more, spend more." Having more money doesn't equate to happiness or anything else after a certain point. Would I love to be better off? Sure... it buys peace of mind, which does help with happiness in an inadvertent way... to a point.
At a certain point, however, money doesn't affect anything. The difference between $20M and $25M is pretty much nothing in terms of power, wellbeing, and ability to get by. But the difference between $10K and $1M, even $10K and $25K is a whole lot.
Thanks Steve. I think different people have different expectations. For those struggling with massive debt and who don't like being tethered to a job after many years, money will help as you say. It helps meet those basic needs and relieve those stressors which can be consuming depending where you were financially prior to newfound fortunes.
Whenever the lottery hits over a billion, I and my friends buy a ticket and play a game. What would you do if you won? It's very interesting what you learn about yourself. Like would you give your work 2 weeks notice?
For me the game always ends the same, take care of basic necessities and help as many others as possible. Careful helping people giving money directly as some may not be able to handle it (people that have addictions come to mind).
Anyway this topic is always interesting to me. And service is definitely where I land. It's something I already do in my life today so it wouldn't be all that different, I would just be able to do more.
Agreed, and the increase in frequency of posts like these are why I haven’t subscribed. I appreciate his perspective, he seems like a sincere person, but I’m not paying $20 something a month for this kind of content.
Careful you two, or I’ll have to double the frequency!
It’s like some people think you’re a robot instead of a real person. Boop beep boop. Dance monkey dance.
You keep writing what makes you happy. Selfishly, I don’t want you to burn out.
I’ll admit this got a good laugh out of me on the bullet train. You’re making me break social norms while I’m abroad!
Glad the United troubles were worth it😂
Out of curiosity, have you thought of what your nonprofit foundations focus would be?
Yes and the lack of a narrow scope is actually the biggest hurdle right now. Broadly, I’ve felt drawn towards supporting mental health support, contemplative practices, recovery/addiction, animal welfare, and disease research. Mostly these are areas where either myself or my loved ones have felt intimately impacted (e.g. my girlfriend spent most of the year fighting breast cancer; uncle died of colon cancer). It’s hard to decide where to focus and how…
Beautiful! We need more people like you!
i lost heavily
Thank you
Thanks Doc,
Where is that motivation of devoting yourself to the common good coming from as you mentioned when first talking about the idea of starting a non profit?
A lot of us would have cashed in at a few millions, let alone 45. When we think of investing, we think of making enough money to, as you say yourself, free ourselves from financial insecurities, then come the wildest dreams; a house, a car, a boat....
When asked around what would they do with their money if they'd become multimillionaire, none would answer, starting a non profit.
Is that something you always had in mind? Is it in the pursuit of self reflection?
When we read about billionaires having their foundation, we think it's another way for them to shelter money from taxes. While I like to believe your intentions are genuine and as simple as helping others, I am curious to know what brought you to that idea.
Enjoy your time travelling and be safe!
One of my buddies had said "earn more, spend more." Having more money doesn't equate to happiness or anything else after a certain point. Would I love to be better off? Sure... it buys peace of mind, which does help with happiness in an inadvertent way... to a point.
At a certain point, however, money doesn't affect anything. The difference between $20M and $25M is pretty much nothing in terms of power, wellbeing, and ability to get by. But the difference between $10K and $1M, even $10K and $25K is a whole lot.
What a fantastic read. The world needs more discussion like this.
Very nice work!
Thinking of you enjoying some much needed time on a beach vacation fills my heart. Happy that you’re taking time for you. Enjoy!
Enjoyed the read, thanks for sharing
It was a good read Steve. Thanks for writing!
Well written Steve, thank you for sharing. Enjoy your sort of vacation!
Thanks Steve. I think different people have different expectations. For those struggling with massive debt and who don't like being tethered to a job after many years, money will help as you say. It helps meet those basic needs and relieve those stressors which can be consuming depending where you were financially prior to newfound fortunes.
Whenever the lottery hits over a billion, I and my friends buy a ticket and play a game. What would you do if you won? It's very interesting what you learn about yourself. Like would you give your work 2 weeks notice?
For me the game always ends the same, take care of basic necessities and help as many others as possible. Careful helping people giving money directly as some may not be able to handle it (people that have addictions come to mind).
Anyway this topic is always interesting to me. And service is definitely where I land. It's something I already do in my life today so it wouldn't be all that different, I would just be able to do more.
“The Book of Joy” is one of my favorites! I find myself gifting it often, and coming back to it year after year 😊
Hope you have a wonderful time enjoying the the sky, sunshine and water.