Sunday, November 1, 2009
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!
Posted by Matthew Viola at 9:00 AM