Do the soul searching. Know why you are pursuing financial independence and wealth creation.
It has to be for something bigger than yourself. The ability to give back, help others, and contribute. Do it for you the ones you love, your family, community, and to contribute to making the world a better place.
Certainly do it for your self first. You can’t pour from an empty cup. Margaret Thatcher said, “No-one would remember the Good Samaritan if he’d only had good intentions; he had money as well.”
Like the stewardess pantomimes at the beginning of the flight: put on your oxygen mask first before helping others.
But always have an idea of who else you are doing it for. It’s not about giving money. Contribute and volunteer your time, experience and expertise.
Start now. Set aside a part of your free cash flow for helping others. Don’t think you have to wait until you have significant funds to make an impact. Make it a habit starting now. If you won’t give 5 or 10% of what you are saving now, you won’t do it when you have a million dollars. The smallest gestures can be the most important.
Do it with love and authenticity. The benefits will accrue to you. There is a lot of research and theory to back up this claim. Caring is central to the human experience. Caring has healing potential for both the one who is caring and the one who is being cared for.
Giving and helping others is the ultimate gift you can give them and yourself. Start now and redouble your efforts.
Create a legacy. Plan on creating scholarships and foundations that benefit society. Sponsor research, policies and programs.
Achieving your financial goals is not the end game. It’s the beginning. As Churchill said in the dark days of WWII, “it’s not the end, or even the beginning of the end, but it is the end of the beginning.”