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I'd like to add two more: - Think about the idea you would have tried if someone had lent you $1M and you wanted to change the world. Lend yourself $1M (only)
by grandalf 16y ago
I'd like to add two more:
- Think about the idea you would have tried if someone had lent you $1M and you wanted to change the world. Lend yourself $1M (only) and do it.
- Resist the urge to become a professional philanthropist. Have the gumption to dream even bigger than before and risk utter failure. It's only money.
- jaltucher 16y agoGrandalf, love both those ideas.
- ErrantX 16y agoI was in a discussion group onceand the tutor asked us "what would you do if your company was sold and tomorrow you found yourself with a million pounds". Of course, most of us came up with various philanthropic ideas and ways to save the world/do good etc. Except one mate who said "I'd take it and go make £10 Million, then I'd give you all a £1 Million each. Then I'd do it all over again".
- jtbigwoo 16y ago> Resist the urge to become a professional philanthropist. Have the gumption to dream even bigger than before and risk utter failure. It's only money. I would rewrite this comment to replace "philanthropist" with "check-writer." There are two kinds of philanthropists just as there are two kinds of investors. There are check writers who donate their money, take as much credit as they can and don't do anything else. In contrast, there are truly great philanthropists who get involved in the causes they give to, leverage their connections, and contribute time and expertise. To a nonprofit, the first type is merely another thing to be managed (make sure they get enough credit to stay happy but don't soak up too much time and energy) while the second type is invaluable.