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by gunsch
1775 days ago
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In doing so, you're betting that _you_ can grow your money faster than organizations you give it to can make impact on their communities. Helping people who need it _now_ rather than in ten years helps _them_ start contributing more effectively to their communities, or blunts negative effects of them _not_ having that help for the next ten years. Sure, it's a bet you can make that you'll grow your money faster than it would have impact being put into the world --- but it's one that takes a certain amount of hubris. |
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What does it look like for someone fresh out of college to dive into making an impact vs waiting till they're 50, a billionaire? Use climate as an example, assume the problem is getting worse at 10% a year. With climate especially there are tipping points too, i.e. maybe there's a cliff at year 49 where it gets 200% worse.
What kind of challenges lend themselves to "get rich then give"? What kind of challenges lend themselves to "dive right in"?