Over the years, when I dip into studying money and wealth, I always come across the strange claim that you’ve got to give in order to accumulate more.
If this is true, my family is going to get a little richer this year. Because our holiday gifts, as decided by my big sister Leda, will all be donations on behalf of each other. (See Genius Holiday Gift Giving Approach from My Sister for our past family gift strategies.)
But I wanna look a little closer at this…
Who Says Giving Makes You Rich?
I first encountered this idea in Deepak Chopra’s book The Seven Spiritual Laws of Success. Chopra calls it “the law of giving and receiving”. Here is an affirmation from him that captures the idea of this law:
“Today, I will give something to everyone I come into contact with, and so I will begin the process of circulating joy, wealth, and affluence in my life and in the lives of others.”
Basically, you receive what you give – you set that energy in motion around you. So in giving time, money, resources, a helping-hand, you will generate more coming back to you. In his other book Creating Affluence, Chopra states, “Gratitude and generosity are natural attributes of an affluent consciousness.”
I’ve also recently come across this idea while taking on Operation Obliterate Debt in Dave Ramsey’s book Total Money Makeover.
Towards the end of the book, after enumerating all the ways that being out of debt and financially free will enhance your life, Ramsey states:
“Giving is possibly the most fun you will ever have with money… Every mentally and spiritually healthy person I’ve met has been turned on by giving as long as it didn’t mean his own lights got cut off. I can promise you from meeting with literally thousands of millionaires that the thing the healthy ones share in common is a love of GIVING.” (189)
Ramsey is Christian and therefor this is considered a “tithe” which means you contribute 10% of your income to your religious institution. But he encourages others to give as is suited to their faith.
But just so you know these aren’t just theories, here’s a little more hard research for you. from the article Giving Makes You Rich published at Entrepreneur.com:
“Emerging evidence… supports the contention that giving stimulates prosperity, for both individuals and nations. Charity, it appears, can really make you rich.
“More giving doesn’t just correlate with higher income; it causes higher income. And not just a little. Imagine two families that are identical in size, age, race, education, religion, and politics. The only difference is that this year the first family gives away $100 more than the second. Based on my analysis of the S.C.C.B.S. [The Social Capital Community Benchmark Survey, is a survey of about 30,000 people in over 40 communities in the U.S] survey, the first family will, on average, earn $375 more as a result of its generosity.”
The Gosh-Darn Law of Attraction
Now I know you might be a little over-cooked and burnt around the edges when you hear the words “Law of Attraction.” but if how you feel has anything to do with what you attract, an inner state of generosity is a pretty radical frequency to be creating your life from.
If you can genuinely give, it means you inwardly feel that you have more than enough. If you keep getting what you feel, you are going to keep getting more than enough aka WEALTH.
Whether or not it’s true that giving generates more wealth, I’d like to live as if it’s true. Because it just feels so good to reach out a hand to those who could use it!
Last night before bed I picked the project I wanted to donate the funds of my upcoming Peace & Love workshop to. I chose a classroom of special needs teens here in Brooklyn at an underserved school. These students often come to school hungry because their families can’t always afford food.
It’s practically impossible to learn if you’re hungry. The teacher requesting the donation through Donor’s Choose posted a simple list of snack foods so he has something to give when a student says “Mr. O, I’m hungry!” By making this donation, I went to bed feeling so very full. And yes, so very rich.
What About You?
So what do you think? Are you down with giving? Have you ever received someone else’s generosity in a way that helped pick you up? Do you give as much as you’d like to? How do you do it?
How do you think it would change the world if we all gave 10% of our time or money or energy to those in need?
As always, I love to hear from you!
And check out my Peace & Love if you like… 🙂
Title photo by Vitaly at UnSplash
*I’m @arielkiley on Instagram