Charitable Giving, Wealth, and Happiness

A new book reveals that those who are wealthy and donate 10% or more of their income build a higher net worth and are happier than other wealthy people. The book was written by Thomas J. Stanley based on a survey of over 900 millionaires. A recent article about the book, explains that Mr. Stanley says the most generous wealthy donors "are the least enamored with status. They have a small house and a big heart." It seems that the sample of the most wealthy who give, get more out of acquiring wealth and donating a good portion of that wealth rather than just spending their money on luxury items. So it seems donating and helping other does make one feel good!