483 | Effective Giving for the FI Community | Rebecca Herbst & Jack Lewars

Published: March 18, 2024, 5 a.m.

In this episode: building a giving framework, the giving pledge, compound impact, donor advised funds, and different ways to give.

Is it better to give to charity in a lump sum versus incrementally? What are the tax implications of donating? What are the benefits of using donor advised funds? This week we answer these questions and more with the help of Rebecca Herbst and Jack Lewars as we discuss charitable donations and effective giving while on the FI journey. A large part of FI is taking actionable steps to improve your life, but this journey also opens up opportunities to improve the life of others. While navigating donations while on the path to FI can seem tricky because we are so focused on attaining our FI numbers, there are still many ways you can give back and make a difference. Creating the habit of effective giving can help you leave an impact on yourself and the world at large! There are many resources available that can help calculate what you can give while remaining on the FI track, as well as help you see how your donations are making a difference!\xa0

Rebecca Herbst & Jack Lewars: Timestamps:
  • 1:37 \u2013 Introduction
  • 4:24 \u2013 The Giving Pledge
  • 11:59 \u2013 Building A Framework And Effective Giving
  • 23:20 \u2013 Should You Get To FI Before You Give?
  • 33:12 \u2013 Compound Impact
  • 39:48 \u2013 Feedback From Giving And Fun Funds
  • 51:08 \u2013 Different Ways To Give
  • 61:09 \u2013 Donating Appreciated Stocks
  • 66:59 \u2013 Conclusion
Resources Mentioned In Today\u2019s Episode: More Helpful Links and FI Resources: