There comes a point in most of our lives when we realize giving is more fun than receiving. While our childhood holidays and birthdays are spent eagerly anticipating gifts, our adult celebrations are often more focused on treating others. Think of the joy you have when watching a loved one tear into the perfect gift. It’s enough to put a smile on anyone’s face.
That same sense of joy can be found through charitable giving. It’s a no-brainer that doing nice things for others can make you feel good, but studies have shown real evidence connecting charitable giving and increased happiness. Michael Norton, a professor the Harvard Business School, conducted one such study. Norton’s team polled over 600 Americans to determine how much they earned and how they spent their income. Participants were also asked about their happiness levels.
Regardless of how much they made, participants across the board were happier when they gave away more than they spent on themselves. Enriching the lives of others, Norton found, was the ticket to making us all a little happier.
Money can’t buy love, but it can buy a more fulfilling lifestyle. There is perhaps nothing as fulfilling as helping others through hard times. Knowing you’ve made a real, tangible difference in the lives of others can cheer even the most Scrooge-like among us.
Of course, blind charitable giving is not necessarily a get-happy-quick scheme. Before you empty your accounts to help others, do some research. Understand how a charity uses their funding and in what ways your donation will make a difference. This kind of thorough vetting will only add to the happiness and satisfaction you experience when making your choice to give.
If you’re ready to make someone’s day a little brighter, take action to ensure your charitable giving fits with your estate plans. Our team can look over your plans and factor your generosity into your financial future. Call today for a consultation to protect your legacy and get the clarity you need. Call 501-221-7776.