To Donate Now or to Donate Later

[Sam Giberti]

Hey BP, its been a minute. Anyway long day so I’ll keep this post brief. Just wanted to hear some opinions from older, wiser people.

Donating... often times myself and many of you are asked to donate to a good cause that more times than not, is heartbreaking, and you want to make a contribution.

Then as a young kid, I hear more and more investors continue to say to save every dollar, don’t spend unless you truly need something, and stack that big pile of reserves for when you need it to invest. Which essentially is my goal. However $12.50/hour jobs make that slightly harder than someone who already has a college degree, so I tend to value my money highly right now, as I continue to trade an hour of my life for $10 post taxes.

However, back to the donation part. I am totally for many of these causes and in my opinion I would rather really save now, build up wealth and cashflow and then when I do have enough to take care of myself, my family and friends, then I want to donate massive sums of money toward charities of my liking.

What do you guys think of this, be honest. Am I an ******* now for not donating to the kid w lung cancer today, so that I can donate to 25 kids years down the road?

Thanks as always,

SG

[Kyle J.]

You can always donate your time to a worthy cause, especially if you’re young and your income is limited. Donating doesn’t just have to be about money. 

I donate time and money now (more money than time because I have more of that now). However, when I was younger I donated my time (and a lot of it) because, quite honestly, that’s all I had to give.