“We make a living by what we get, but we make a life by what we give.” -Winston Churchill
I recently read a research study commissioned by the National Christian Foundation (NCF) to further explore the subject of Christian Generosity. One of the questions the study sought to answer was, “Why do Christians give?” The primary motivating factor among the 1287 individuals that responded to this survey was the desire for a greater purpose in life. A sense of greater purpose topped some of the other responses, such as feeling closer to God, feeling more grateful, and feeling less stress and anxiety.
As many of you know, our corporate tag line at Master’s Advisors is “Managing Wealth for a Life of Purpose”. As a result, it was intriguing to me when I read this report and realized the number one reason Christians give to charity matched our corporate vision.
If giving money away is a key to finding greater purpose in life, it might at first glance seem to be inconsistent with a wealth management firm’s vision and mission. Doesn’t more assets under management mean more business revenue? How does encouraging clients to give money to charity make good business sense?
Money in an investment or bank account can be beneficial for helping you accomplish your future plans. However, we think money is at it’s best use when it is actively doing good for someone or society at large.
Our primary objective at Master’s is to help our clients accomplish their goals, dreams, and desires. We believe helping clients fulfill their life’s purpose is our calling. So that often means taking money out of investment accounts we manage and giving it to charity. In turn, we all come away with a greater sense of purpose in life!
If you are interested in reading the entire NCF study, let me know and we can get you a copy of it. What motivates you to give to charity?