Wouldn't the most effective way to give money be to earn as much as you can, live as frugally as pos...

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

Wouldn't the most effective way to give money be to earn as much as you can, live as frugally as possible, put all of your extra money in stocks, watch it grow, and donate it all as a lump sum when you die?

Post Body

Hey friends!

I was just thinking, why is it most effective to give X amount of money per year? Wouldn't it be better to invest 10-20% of your income every year (that you would have donated), watch it grow over time like your IRA and 401k do, accumulate as much wealth as you could that way, and then when you die donate that all? I imagine you lose a lot of opportunity for great returns when you donate every year.

I guess charities do need stable sources of income per year to stay afloat. But if everyone did that there would still be a steady stream of funds coming in.

What do you think?

Author

Account Strength

100%

Account Age

5 years

Verified Email

Yes

Verified Flair

Total Karma

28,379

Link Karma

14,967

Comment Karma

12,042

Profile updated: 9 hours ago

Posts updated: 1 year ago

the_ranch_gal

Subreddit

r/EffectiveAltruism

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.

Posted: 3 years ago
Reddit URL: View post on reddit.com
External URL: reddit.com/r/EffectiveAl...