Elizabeth
W.Dunn, and Michael I. Norton, of the University of British Columbia and
Harvard business school, were selected to spend money. During this process, a
certain amount was assigned to spend on others and themselves. Results revealed
that people who spend money on others experienced happiness.
From the description above, we have shown how the
benefits of giving go beyond the simple feel-good factor. In today’s world,
charity is one of the greatest money-making secrets. I’m sure you’re wondering
how? Yes! It may sound awful, but reports found that donating to charity
improves health and wellbeing.
Islam, Christianity, and other religions place a
great emphasis and reward on giving charity in secret. While this money is
given, the organization put money in reserve. It's no doubt that excess cash is
allocated. Today, a lot of philanthropists are competing with countless
billionaires to talk about charity.
In fact, Microsoft co-founder and philanthropist
Bill Gates visited the Daily Show with Trevor Noah. They talked about the
importance of international aid and philanthropy. Since getting rich or
attaining financial freedom is essential, how do you go about that? The secret
is to put money into perspective.
However, you’ll have to decide whether or not you
get fulfillment from charity organizations. It feels good to make a difference
in the lives of others. At the same time, you can be very generous in making
your cool cash. Investing in charity is a worthwhile endeavor, but you can also
be richer being a charity.
Less poetically, the idea is this: Giving makes you
rich. On the other hand, it quite backward-sounds to economics that charity is
the greatest money-making secret. You obviously need to have money, right? Or
in the pithy words, would you love to have money without being a Good Samaritan
alone?
Why Charity is The
Greatest Money-making Secret
According to the Volunteering in America report from
the corporate for National and Community Service, the percentage of people who
volunteer their time to a good cause every year is 30%. Now, you can make your
way from these fundraising events. Below are the reasons why you could make
money.
● You
can raise more than $1 million from annual gala events
● Selling
a product for the cause is a moneymaker for many charities
● Advertising
and promotion can expand a charity’s reach leading to more profit
● Celebrity
endorsement can multiply the impact of making more money
● It
brings a lucrative revenue stream when charities launch a cookie sale to raise
money.
Furthermore, when every cause seems like a worthy
one to people, it’s essential to have a strategy for giving that is proactive
rather than reactive. Meanwhile, you don’t need to compromise the purpose of
the charity organization. So, ensure the giving or organization has the most
impact through fundraising.
Bottom Line
Understand what your donation achieves and listen more than you speak. Examine your relationship with philanthropists and source for funds through various means. With this, you can make 2021 a year of real, lasting progress for your charity organization.
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