"Those Who Do Good With Money, Deserve More Of It"
-Derrick Kinney
Ryan's Quick Review
I absolutely loved this book because it changed my entire perspective of money. Every other book I have read in my journey to learn more about personal finance has to do with my own personal goals. It was a self-centered approach. This was the first book that aligned with my mission to have an impact on others and justified my pursuit of financial freedom because when I was done reading, it was not longer a "me-focus" but on others.
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10 REASONS WHY
Here are some reasons why people who DO GOOD WITH MONEY deserve MORE OF IT.
- Promotion of Good Stewardship: Someone who does good with money demonstrates financial responsibility and understanding. They understand the value of money, know how to use it wisely, and do not waste it. This stewardship is a quality that deserves reward, as it promotes sustainable and beneficial use of resources.
Economic Stimulus: When people who do good with money have more of it, they can invest in businesses, create job opportunities, and fuel economic growth. They can contribute to society in tangible ways that benefit everyone, not just themselves.
Charitable Contributions: Many individuals who handle money well donate to charities, fund social initiatives, or create foundations. The more money they have, the more they can contribute to causes that help those less fortunate, fueling societal improvement.
Investment in Innovation: People who do good with money often fund research, development, and innovation. This could lead to breakthroughs in a wide range of fields, including medicine, technology, and clean energy, which can improve quality of life for all.
Education and Mentoring: Those who are successful with money can also serve as role models and mentors, teaching others how to handle their finances responsibly. This can have a long-term positive impact, improving financial literacy and stability for many.
Creation of Wealth: When people are good with money, they often generate more wealth not just for themselves, but for others too. They might invest in others' ideas, helping to bring new products or services to market, which can in turn create more successful individuals and businesses.
Reduced Reliance on Social Services: Those who are good with money are typically more financially stable and less reliant on government aid or social services. By having more money, they can help reduce the burden on these services, freeing up resources for those in greater need.
Environmental Stewardship: Many people who do good with their money invest in environmentally friendly projects or initiatives, leading to better conservation and sustainability practices.
Resilience during Downturns: Those who manage their money well tend to be more financially resilient during economic downturns. They can withstand financial hardship, and continue to provide jobs, services, and resources when they're most needed.
Promoting a Virtuous Cycle: Rewarding good behavior with more money encourages others to emulate that behavior. It promotes a virtuous cycle where more people aim to do good with their money, potentially benefiting society as a whole.
