It may sound counter-intuitive to say that giving away money will make you more money. However, according to a study conducted by social scientist, Arthur C. Brooks, giving can indeed make a person wealthier.
What Researchers Have Discovered
How can this happen? According to the survey performed by Brooks, people who had more to give naturally gave more. However, the research also revealed that giving, it increased a person’s wealth. For example, according to the findings, a family that gave $100 more than other families in the same income bracket earned, on average, an additional $375.
How Do You View Money?
It turns out the act of giving away cash sets the tone for how people feel about money. For example; do you consider money a precious resource – one that is too valuable not to keep? Or, do you consider money a resource too scarce to give away? If so, maybe you should keep it close to you, as you might not be able to find any more.
However, from a social perspective, giving away money does not really hurt you, as you can make more of the currency. According to money scientists, if you donate money or give it away, the act trains you to think about money differently. Just by being more generous, you will start to think like a wealthier person.
Also, various studies show that giving away money is about the best way to feel happier. Even if you don’t believe you have anything to give, you do. Maybe you only have a dollar to give. If so, that is enough to change the way you think about cash. Start with a dollar and move to $5.00 the next month, and $10 the month thereafter. Give to a cause in which you believe. You can help others while facing your own financial struggles successfully.
Develop a Giving Mindset
If the social scientists are right, you should always set aside money to donate. That way, you will feel better about your own finances, as you will be able to see a light at the end of the tunnel. To ensure you have enough money to give, get involved in activities that also help you save money.
A Good Place to Save Money on Entertainment
One way to do this online is by signing up for a site, such as BonusesOnline.com. When you visit the platform, you can sign up for casino games, bet on sports games, play poker, or enjoy Bingo at various sites. By reviewing the listings, you can see where you can play for free and what types of bonuses or incentives are featured at each site.
For example, you can play slots and get 30 free spins. Just make sure, when you play, that you will not be disappointed if you experience a minor loss. The idea is to play a game and have fun. Don’t make winning money your main goal, and you will enjoy a better online experience.
What Do You Like to Do?
You can also don
ate more of what you make by looking for a side gig. A side gig does not have to be burdensome, but can be something you already like to do. For example, do you enjoy getting outside and taking a walk with your dog? If so, maybe you can provide this service to people for cash. That way, you can add to your own savings and have extra money to donate as well.
How to Make Money for Something You Already Like
Perhaps you love to cook. If that is your passion, you might combine cooking classes with selling cookware. That way, you can make money and turn your love for cooking into a way to make some additional side revenue.
You don’t have to make paying bills a hardship, nor do you have to take on a job you don’t like. You are only limited by your lack of ideas. Make it your goal to help others while helping you and your family at the same time. By enjoying or working on the above pursuits, you can make the world a better place and make a higher income as well.