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Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, skills, insight and encouragement you need to live a rich and meaningful life now, while building a plan for financial freedom in 10 years or less.

My name is Joshua Sheets. I'm your host, today is Thursday, April 27, 2023, and today I'm going to tell you why I don't like not-for-profit organizations.

Why I'm generally significantly biased against being involved with not-for-profit organizations.

I'm biased against being involved with the founding of not-for-profit organizations. I'm against being involved generally with the operation of not-for-profit organizations.

And I'm against being involved in giving to or donating to not-for-profit organizations.

Now, hopefully I got your attention with a little bit of salacious sounding opinions.

I'm going to justify these opinions, and I think you'll walk away from today's show with something useful to think about to also help you to be skeptical of being involved with not-for-profit organizations.

I'm not going to say that there is no place for them. I am going to emphasize the fact that they're often overdone.

I want to break them apart. We're going to break them apart on two levels. The first level is not-for-profit. The second level is organization.

And while you may continue to be involved in some way, shape, or form with not-for-profit organizations after this show, I want to help you be skeptical of that.

Let's begin with what I believe is the most important criticism of not-for-profit organizations.

Not-for-profit organizations are not in any way morally superior to four-profit organizations.

You should not judge them or even be biased in the direction of thinking that a not-for-profit organization is morally superior.

I often hear this in my work as a financial planner. Somebody says, well, you know, I really want to do good in the world, so I think I'm going to go and join some nonprofit organization and really give back.

I think nonprofit organizations are rightfully-rightfully viewed skeptically. The first reaction that we should have to not-for-profit organizations is that these organizations are leeches on society.

Think about it. If they can't do enough good in the world such that people actually want to buy their products.

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