Tim Ferriss On Generosity And Dealing With Difficult People (Pt 2)
The Daily Stoic
The Impact of Giving Away Money and Creating Abundance
Giving away money creates a deliberate hole in one's finances, which in turn loosens the grip on financial success and fosters a mindset of sufficiency rather than scarcity. This practice leads to being less precious with resources and allows for a 10% allocation to other things, resulting in a net life quality multiplier. This experience aligns with Aristotle's theory that virtue is developed through consistent practice and action, such as becoming generous by engaging in generous acts.
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