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jasonmon
· 5 years ago
· FIRST
That depends on your definition of investing..
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guest_
· 5 years ago
I’d say.... both (although maybe not bitcoin)? It’s hard to help others if we don’t take care of ourselves. If you invest in yourself, but return a fair portion of the dividends to society, you can live well and help others do the same. If you donate 50% of $1,000 to charity you’ve donated $500. You are left in a poor situation and have done minimal (but still real) good. If you keep reinvesting in yourself until you have 1 million dollars, you can donate just 10%, and it will be $100,000- more good than you could have done in your life otherwise. If you donate 50% you still have a comfy halt a million and have donated 100x as much. We often seek to do good for the feeling of doing good- not the actual results. If we are mindful of the purpose of our actions, patient, and strategic, we can do better than simply running off with good intentions and no actionable plan.
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Edited 5 years ago
deleted
· 5 years ago
There's a good Ted talk about this concept: that charities should be interested in making money so they can do more good, and that should be okay.
guest_
· 5 years ago
In theory. It’s a fine line. Many charities are highly profitable, but when you do the accounting they are doing far more to help better their own and executives lives than the world. That may seem to go against what I said earlier, but there’s a distinction. An individual or corporation has its own goals. Any good it does are at its perofotive and not intrinsic to its being. A charity exists to do good. So while you should be able to live while doing public service, while not all charity requires a life of monk like poverty- it also shouldn’t be an excuse to throw killer parties or get rich. Donations and profits aren’t the same. People give donations thinking they will go to a cause that usually isn’t someones summer home. If charities are ran well and have checks and balances there is no problem with them being profitable. It’s when they are poorly ran, corrupt, or when people “game” tax and other laws to shield money that should go to the public good by sacrificing a smaller amount
ewqua
· 5 years ago
Well either you're investing in yourself or in humanity and its future. Depends on how you look at it.
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xvarnah
· 5 years ago
Neither of those seem like particularly sound investments
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ewqua
· 5 years ago
Good point
