GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
As he put it, The most fun you’re free to have withmoneyis by giving it away.
But can giving your money away actually make you rich?
According to science, yes.
Also seesix moves you should make before giving money to charity.
Acts of charity release dopamine and oxytocin in the brain, hormones that contribute to your well-being.
It triggers positive hormones that lower blood pressure and reduce stress.
According toVail Health, these impacts are similar to the longevity-boosting impacts of a healthy diet and regular exercise.
It Benefits Those Around You
Whatever you give, you get back in turn.
Or, as Kamel put it, generous people are fun to be around.
It Promotes Planning and Intentionality
Managing your wealth takes careful planning.
It Increases Contentment
Ever heard the saying Money cant buy happiness?
As it turns out, the opposite might be true happiness can help you earn more money.
Astudyfrom the University of Warwick shows that happiness makes people around 12% more productive.
It Shifts Your Mentality
Generosity helps you shift from a scarcity to an abundance mentality.
Brooks explained that charitable people are more likely to becomeeffective problem solvers.
Its not a finite supply that will run out if you give too much away.
More From GOBankingRates
Share This Article:
