Are Generous People More Successful?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 30 November 2018

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Are generous people more successful? Cultural idioms like it’s a “dog-eat-dog-world” and “nice guys finish last” may have you thinking that while generosity is the “right” way to be, it doesn’t always pay-off in the end. And that somehow the “ends justifying the means” is the way to get to the top of the success scale.

Well, we have a contrary belief to the worldview of generosity and, as it turns out, there are studies that reveal that generosity does, in fact, lead to success!

Be sure to tune-in to this week’s short episode of The Money Guy Show to find out just how successful some generous people are and how they get there while others do not.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/11/generous-people-more-successful/

Transcript

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0:00.0	Have you ever wondered are generous people more successful tune in we have all the answers?
0:06.8	It's Brian Preston the money guy restoring order to your financial chaos retirement investing
0:14.8	taxing you've got financial questions he's got financial answers it's Brian Preston the money guy
0:22.0	Hey money got family chose Brian Preston Mr. Bo Hanson go check us out money got calm also make
0:28.8	sure you're connecting all of our different social media channels let me talk about Twitter I'm
0:32.6	talking about Facebook I'm talking about if you are on YouTube right now click right below and
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0:41.2	you're more traditional you're going on the money guy calm give us your email address so that we
0:46.0	can also keep you connected with everything we have going on and then of course our founding
0:51.4	family members which are podcasts listening so make sure you're connecting on iTunes as as
0:55.8	we'll stitch or however else you're you're dissecting and digesting this information this one's
1:00.7	kind of um this has always been a curiosity of mind Bo yeah I'm I'm actually really excited to
1:05.6	talk about it because when I think about this it seems as though there is a zero sum gain here
1:11.8	right if you are generous and you give money away that means you have less for yourself and what I
1:18.0	think about is you know when I was growing up there's a fantastic board game I used to play
1:22.8	monopoly you've heard of it called monopoly yeah and it was about how much you could amass and how
1:27.7	much you could accumulate it was it's as high as possible trying to do that and and and so you
1:34.0	know I didn't really if you wanted to win that game it wasn't about oh can you help somebody who
1:37.7	just had to go to jail or somebody had you know some sort of thing happened and so you know you
1:42.3	start thinking okay well is it financially responsible or does it make financial sense to be generous
1:50.4	this is one of those topics that I actually sought out I actually did some research on because I
1:58.7	wrote this art generous people more successful and now went and found resources and one of the
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