I have always given 10% of my gross income plus additional offerings to other charities that I believe in. Currently DW and I give ~ 11.5% of our income and save ~ 15%. Would like to increase giving as I finish funding my retirement, college, etc. My personal belief is that eternal compounding is worth far more than my investments
On a practical note giving has forced me to LBYM, made me evaluate needs vs. wants, and reduced my taxes to a neglible amount. I can honestly say that I have never had a money problem even though I am impatient sometimes at the growth. YMMV.
On a practical note giving has forced me to LBYM, made me evaluate needs vs. wants, and reduced my taxes to a neglible amount. I can honestly say that I have never had a money problem even though I am impatient sometimes at the growth. YMMV.