Treavor Dodsworth CFP®, CPA, CKA®
#24 - Give Now or Later?
Should I give $1,000 today or invest that $1,000 with the hope of giving away $4,000 years from now?
This idea of giving now vs later is not uncommon. In the past, I have even thought about it myself. Below are a few of my thoughts.
First - Can we actually generate more alpha than the Alpha? Gregory Baumer and John Cortines talk about this concept in God and Money: How We Discovered True Riches at Harvard Business School. By liberating that money for kingdom purposes, we allow God to generate an even higher rate of return.
Second - Jesus said in Matthew 6:21 - “For where your treasure is, there your heart will be also.” By giving money away, we naturally engage ourselves in where the money has gone. Would we rather have our "heart" thinking of the charity or market returns?
Third - I believe there would be a danger in shifting the glory from God to the giver.
After reading my brief thoughts above, you have probably deciphered what my opinion is. Ultimately, you should always follow God's guidance in this manner but when in doubt I lean towards giving today vs. later.
Interesting Article(s) or Video(s)
Calibrating Capital - Risk
“Risk is (1) a part of life that (2) accounts for things not going according to plan, but (3) is the price of admission for achieving anything worthwhile.”
Thank you for reading! What thoughts do you have on giving today vs. later?