Secret Tips On How to Be a Top Philanthropist After Retirement.
Retirement planning is a process that involves various steps. One needs to have a good financial cushion to make it fun, secure and comfortable. The aftermath steps of retirement is another area of concern.
According to philanthropist Richard Ivey giving back to the society or charitable giving is the best step that one should engage in after retirement.
To him, the philanthropist work in Canada has become a tax-saving strategy and measure of resource use by donors. So one has to business ideas to ensure that your philanthropic work is achieved. ( https://www.bnnbloomberg.ca/moneytalk-tips-from-canada-s-top-philanthropists-1.1356767)
Here are the tips that can help you
Invest your time first, then money. Your expertise and knowledge are worth as compared to profits. Sometimes organizations require more advice and guidance for them to attract talents.
Investing more time in an organization will enable one to develop managerial skills and learn how to use the various resources. And once one has done this, then he/she can extend the money to it.
- Take some few risks.
To take calculated risks, maybe right in philanthropist work. It is believed that many philanthropists feel comfortable when taking a risk, the risk motivates them to give more.
A good example is the Juris Doctor/MBA programs that Jay Hennick began in the University of Toronto and Ottawa in Canada that have lasted for a decade now.
- Have a wise step approach to giving
Many philanthropists want to see good use of their money and ensure they have made a difference. Most of them protect their investment by building a long-term relationship with their organization.
To minimize your risks of having a massive investment in one thing, they try to spread out their investment to many donations.
- Have a clear goal and expectations
When one approaches his giving in the same way as his investment, then he needs to consider the appropriate return. Good performance should be able to increase your investment of at least 20 per cent and be able to create efficiencies within your area and size of the community.
Conclusion
There are various next steps that one can engage in after retirement. The philanthropist work is one of them that many retired individuals should be in. The philanthropic works involve providing inspiration and lessons to society (https://pfc.ca/about/our-members/)