When Should I Start to "Give Back?"

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 27 January 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

When should I prioritize giving back alongside my long-term financial goals? Should I do lump sum or space it out over the long haul? Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Watch their full conversations here: https://www.youtube.com/playlist?list=PLHvvquEbj_eVTRet6cw2ZzhDux3lybWS8. New episodes every Friday. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie) and select a few to answer. - Read Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! Instagram - https://www.instagram.com/moneywithkatie Twitter - https://twitter.com/moneywithkatie TikTok - https://www.tiktok.com/@moneywithkatie Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rich Girl Roundup.
0:03.6	Welcome back, Rich Girls and Boys, to the Rich Girl Roundup.
0:10.0	A weekly discussion of the money with Katie Show.
0:12.5	I'm your host, Katie Yachty Tossan, and every Friday, my executive producer, Henna and
0:17.2	I are going to artfully debate an interesting relevant topic based on a listener question.
0:23.8	So you'll start to see that second weekly drop right before the weekend, give you a little
0:28.7	something to nibble on, and then you'll get to hear someone else's voice and hot takes.
0:33.6	So before we dive in, here's a quick message from the sponsors of this segment.
0:40.7	Henna, I have a feeling this week's question is going to be really close to your heart.
0:49.3	It is, so I have a background in social impact and nonprofit work, and I'm very excited
0:53.9	to dig into it.
0:54.9	And especially because you and I have talked about this a lot, so can I read this question?
1:00.0	Tell the people what we're working with.
1:01.8	All right, world, next week's question is from Danny.
1:06.3	When do you start contributing to charitable endeavors?
1:09.1	After I have maxed out my 401k, HSA, and IRA, should I be thinking about causes to support?
1:15.4	I feel stuck between not saving enough for early retirement and also not using my good fortune
1:19.8	to support others and feeling a little slimy and not giving slash sharing.
1:24.8	Katie, you want to start us off?
1:27.6	You're like, I'm going to punt it to you to give the devil on your shoulder advice first.
1:32.8	Yes, Henna has a very angelic POV here, but I do appreciate how honest this question is,
1:37.6	because I think it captures a very real dilemma that is worth unpacking a little bit,
	...

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