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Get Wealthy by Giving

By in Guest Post, Mind and Money, Personal Finance, Tips, Wealth | 3 comments

Get Wealthy-Beyond Money

“Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” Oprah Winfrey from Brainyquote.com

In my youth, whenever something bad happened, my mom and dad said, “Well, it could be worse”. I’ve grown accustomed to training myself to jot down things I’m grateful for every day. Searching for a beautiful nugget in the worst situation can tweak your focus from what you lack to the abundance in your life. 

Wealth is an attitude, not a dollar amount.

Mom’s Get Wealthy by Giving – Thoughts

Guest article, Helen Fabe (my mom)

get wealthy by giving

My mom is really proud of the “get wealthy” financial education and information I disseminate. I’m sure it reminds her of my dad, who was my first “investing” teacher. But mom also harbored a bit of concern as well. After all, money isn’t everything, and I wasn’t raised to be selfish. In fact, charity was an early tenet in my upbringing. From the quarter I contributed at the temple Sunday school to the the nickels, dimes, and quarters I collected for Unicef in elementary school my mom and dad wanted me to think of others.

My dad shared stories about his mom who was very poor, but always had food or a few coins for those less fortunate than she was.

This is a long way around the “get wealthy” topic. Yet, the older I get, along with recently losing both my dad and my mother-in-law, I’ve come to feel the reality that “you can’t take it with you”. More than a platitude, it’s reality. So, think about this, if you spend the totality of your life focused on amassing financial wealth, and then you die; what have you gained?

Whereas if you consider a grander view of life, to include the value of your immediate friends and family, as well as the national and global community, you may find your life really amounts to something.

Wow, this is a long introduction to an article my mom wanted to write for the site. She doesn’t write much, but felt compelled to share her views on wealth and charity.

How could I refuse?

Get Wealthy-What is Missing?

We have a budget.

We have allotments for regular expenses, savings, and extras; but is that enough?

To get wealthy, something is missing?

If there is no charity or service to others, our life and our budget is deficient.

To Get Wealthy-The Wealth Components

You cannot have a wealthy life without contributing to others. Wealth goes way beyond your pocketbook or your net worth statement. In fact, in many cases, I’ve felt the wealthiest when I’ve been in service to others.

How do you build up the ‘non-money’ wealth?

First, decide how much to allot to charity. Spend as much time thinking about how to contribute to others as you do when thinking about how to lower your auto insurance rates. Your age and income will influence your giving. Your personal interests will determine which charities you support. 

Think about how you want to serve others. Do you have more money than time? Then you may prefer to set aside part of your earnings to help others. Are you interested in health, education, culture, children, homelessness, religion, animals or other areas? There’s a never ending opportunity to help those without the opportunities that we have. Ebola is in the media, maybe Doctor’s Without Borders pulls at your heart strings. If you are concerned about children, Unicef is a global advocate.

Charity Navigator is a great site to research a wide range of charities.

You can automate your financial giving. Barbara does this quarterly with Network for Good. It’s simple, you choose your charities, specify an amount and a time frame. Then your contributions are automatically directed to your charities several times per year.

Get Wealthy by Giving Your Time

Do you have more time than money?

How about serving at a soup kitchen. You can check in once in awhile, or every week. There’s always a need. 

Athletically minded? Participate in a walk or run for a cause. 

Crafty? Create blankets, hats, etc. for homeless children or those in the hospital.

Be a big brother or sister and mentor those without an adult role model.

Homelessness is a tremendous national issue, as is youth homelessness. Stand up for Kids serves those 18 to 24 year old kids without a home. Mentoring these kids can change the world for them.

Get Wealthy by Giving Takeaway

The amazing part about giving to others is that it usually helps the giver as much or more than the receiver. You lose the self obsession, the unhelpful negative comparisons with others, and the self pity that we all fall into once in awhile. It’s almost magical the way service to others lifts one’s own spirits. 

Try this when you’re feeling down. Reach out and do something for someone else. I promise you’ll feel better.

Really, money is only good for buying material goods. And how long does the joy of a new tech gadget, outfit, handbag, or flat screen television last. (Okay, the TV happiness may last awhile.) Humans have a unique ability to habituate to their circumstances. That’s great when we’re in a negative situation that we can’t get out of-we get used to it. But, the new things we buy become not so exciting and we feel diminishing enjoyment from them.

True wealth is not an accumulation of boatloads of money. It is a life filled with service to others, meaning, and feeling we’re making a difference.

Helen Fabe began her career as an English teacher and later sold real estate for many years. She lives a life of service to her friends, her family, and her charities. Her current passion is helping to bring Muslims, Christians, and Jews together for peace.

 What’s your definition of true wealth?

A version of this article was previously published.

    3 Comments

  1. I love this idea! It’s definitely given me a lot to think about – thanks for sharing 🙂

    Nicola

    November 24, 2014

  2. Hi Nicola, I practice this “attitude of gratitude” and it makes my life rich every day.

    Barbara Friedberg

    November 24, 2014

  3. What a wonderful reminder of real wealth.

    Tre

    November 24, 2014

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