Building wealth is all about giving! And while Americans are number-one in the world for charitable giving, statistics show that the more money someone makes, the less they give as a percentage of their income. In fact, people who earn less than $20,000 a year are twice as charitable as those who earn $100,000 a year.
Oddly enough, those higher income earners said they didn't give more because they couldn't afford it. Those folks have fallen for the false idea that in order to have money, they have to hold on to it with a clenched fist, and they're missing out on the blessings that generosity can bring to their lives.
You probably know from your own experience how it feels to meet a need in someone's life, either with your time, your possessions or your money. We are happiest and most fulfilled when we're serving and giving. We're designed that way.
Because Dave's money principles are biblically based, he has always recommended tithing—regularly giving to your church—as the first step to giving. Once giving becomes a habit, you'll see that it makes you less selfish. You'll look for more opportunities to give as you have more money to give.
And, while there is no guarantee that you'll have more money just because you give money away, you will end up with more—sometimes in your pocket and sometimes in your heart. But there will always be more when you handle money God's way!
New study adds to recent research that examines the merit of snowballing debts and how small victories provide encouragement to pay others.
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