2min chapter

The Rich Roll Podcast cover image

Doing Good Better: William MacAskill on ‘Effective Altruism’ & How To Maximize Positive Global Impact

The Rich Roll Podcast

CHAPTER

Don't Buy Material Goods, You Know?

I think, you know, the reason to try and help others is because it's the right thing to do. But if someone's doing it solely as a matter of duty, that's a different psychology. I'm very ashamed of that. And so we looked into this quite a bit and we actually think that giving away even most of your income is probably going to have not very much impact at all on your happiness over the wall. If you earn about $50,000 after tax, you're in the richest 1% of the world's population. Every member of the rich countries like the US or UK are in the richest 10%.

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