The Role of Philanthropy in Wealth Management – Episode 514           

In this episode of the Prosperity Thinkers Podcast, the focus is on the importance of philanthropy and giving forward. The hosts discuss the concept of the “velocity of money” and how participation in initiatives like can help move money and improve one’s own personal economy. They highlight different ways of engaging in philanthropy, such as donating small amounts to causes important to the individual, using donor-advised funds, and even creating a family foundation. Spencer and Kim agree that engaging in philanthropy can provide a sense of purpose, align with one’s values, and create opportunities for families to bond and work together for the greater good.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today!

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Links and Resources from this Episode

Show Notes

  • The concept of giving forward and its importance for enabling money to keep moving.\
  • Kim shares her own experience with microloan organization, and how it helped her get money moving during a difficult time
  • The book “Busting the Charitable Giving Lies” and its current status
  • Discussion of donor advised funds and their benefits for controlling where donations go
  • Kim shares her experience of participating in her alma mater’s 24-hour giving day and the impact it had on her
  • The importance of starting small with charitable giving and how it can put energy and thought behind the causes you care about
  • Various methods of giving, from small donations to creating a full public charity
  • How families can involve multiple generations in the process of choosing and researching charities to support

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