Do you give money to charity? You’re not alone. In fact, the National Philanthropic Trust and the Center on Philanthropy at Indiana University found that 88% of all American households give to charity. And, the average annual gift to charity is over $2,200 per family. We are a nation of givers, and giving is an important step in our own personal finance journey. There is a reason why Dave Ramsey includes it in his last baby step of his popular book, The Total Money Makeover. Author Mary Hunt also lists giving as one of her money rules in her book, 7 Money Rules for Life: How to Take Control of Your Financial Future.
In this episode of the Money Q&A podcast, “Your Money: Your Choices”, I interview Mary Hunt about her book, 7 Money Rules for Life: How to Take Control of Your Financial Future, and I specifically talk to her about the importance of giving. How does giving increase our own financial wealth? How much should we give? How should giving be incorporated into our financial plans and goals? We talk about how giving can increase your own financial position. These are all questions that I tackle with Mary Hunt on this episode of “Your Money Your Choices”, the Money Q&A podcast. Be sure to check out the episode. Additionally, I talk with Eric Jones, senior managing director, advisory solutions at TIAA-CREF about the company’s second annual Financial Advice Survey which revealed very interesting data about trusting your financial advisor. You won’t want to miss it.