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Importance of Charity for Financial Life
Editor's Note: This article co-written with my friend ChandThere is great saying in English "Charity begins at home”, let’s take a few moment and understand the importance of charity in ones life and being a social animal of this planet lets contribute the same to humanity..
People often get aggressive to ‘accept’ money but get defensive when 'giving' money. This article reveals some hidden facts and secrets about charity and the importance of doing the same for our financial planning. Charity goes good when it gets involved in a moderate way. It not only gives us pleasure and feels us good but also helps us to save lots of money in a hidden way. Look at the Pulitzer award winner
picture
for a moment. What do you think about it? This kind of things happens
in various parts of the world. We feel so lucky these things have
has/had not happened to any of our near and dear ones, remember who
need to show helping hands to such kind of people than us? This is the
major reason why governments from all over the world relaxed tax over
any money that gets donated for charity purposes. Do you know the
secret?Charity works as a really great tool when your money involved to it. It is excellent to save lots of money which otherwise goes to your tax department indirectly. I have posted an article some time back in that I have written the real wisdom on money shouldn't be calculated based on how much and how fast you are making money. But, it should be calculated based on how efficiently you are managing your money to work for your life as well as others, in a most efficient way. If you know this point, you never forget the requirement of being charitable in your life!
Any receipt of money that is contributed to a recognized charitable organization is totally exempted from tax. Knowing this fact, we should identify some amount in each year and keep aside for charity. Take this as a best practice when your financial planning cycle approaches to the tax part. This would help you in a better way to deal with tax.
Charity doesn't force or ask you to give huge or a particular amount. A person can even spend a dollar for charity.
My personal approach and practices to become charitable in life
I like children. I don't like to see the weeping face of any child. It gives me enormous pain to see an infant or child crying for food and disappoints me the fact of being no help for this kind deed.
At the embryonic stage of my blogging career, I took an oath that will spend a percentage of earning from this blog for charity. I am happy to say dear readers that I have been following the same, any revenue that is being generated from this blog is not going to me as whole, but i have ensured a fixed percentage for our charitable foundations like orphanage homes. I am glad to say that the money spend to provide food and education to poor, orphan kids. In my place, money less than $50 are sufficient to sponsor a kid for one year food or education. I am able to do that. Of course there are profit seeking minds in the name of charity but its not always the same case every time, most of the time people avoid doing charity or funding saying the fact that this money goes to wrong hands, but being sensible enough and just taking some time for noble cause we can certainly take a time OFF and explore survey the best charitable trusts around the corner of your vicinity.
Readers, I have practiced from early days of my life dropping a coin each day to a particular box that intended to give for charity. I am sure this will help me to sponsor a child later for her one year food . I am following this practice without fail and drop a coin in each day morning before I start to work.
It makes good souls to move away from really good works and orphans still go hungry by not getting anything from even good people they really want to help them. There wouldn't be any effective filters to detect and block fraudulent activities in the name of charity but one can control himself to not fall to such activities by not giving chunk of money at a time. Ensuring promptness is most of the time a difficult task because of the unavailability of sufficient information on how your money is going to spend and who all getting the advantages from it.
My Plan to Sponsor One year food expense for an orphan infant or child starting here:
I have collected and posted a small video here for you to watch and realize the pain of an orphan kid. You can find a donate button under this article which is focused to good souls to donate a dollar for sponsoring food for an orphan kid in this 2010 year. I am not sure about the exact amount but a total of $75 is enough to sponsor the food of an orphan infant or kid in this year 2010. Welcome your new year with a charity that an orphan kid going to get food from your money. You are not limited with any amount to donate. You can even donate 1 dime to 1000 of dollars. I will try my best to contact PayPal to not reduce any amount from these contributions by considering each reductions cause a reduction in food to an orphan kid.
I will be totally responsible on this activity; I will post the information from PayPal on the amount I have received, full information on the charitable organization to where I am contributing this money along with the receipts. There is zero chance to utilize this amount in any way for any purposes of tax redemption.
Watch this video
Secret Golden Truth on Charity
I don't know how much you believe this. This part is specifically for those who believe in god. In my experience, I never felt down whenever I donated money for any charity. Because, I realized it many times i get more when i donate for a good cause. This is the hidden secret of charity that I have realized number of times. I don't have any intention to say any donation is just like an investment but, in my experience I have got the money back as double or triple, from other source. Why don't you have a try this power of god? You really get an abstract feeling which only a person who has done charity will understand. So friends, do you want to have this experience and then why wait?
Donate a dollar to Money Hacker Effort to Offer food for an Orphan Infant in 2010
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