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I Want To Give My Money Away

By Edited Nov 13, 2013 5 10

I want to give my money away, but I wonder who's looking to get it? There will always be people looking to get their hands on cash, but I'm not a millionaire who gives away cash, so how do I get rid of it, but make sure it goes to someone that really deserves it? If this sounds like something you are considering, then there are some places and people to consider when you realize, I want to give my money away, but I need it to support a good cause with the cash.

Local People in Need

I want to give my money away, but I don't just need to get rid of it, I need it to go to someone deserving. If this seems to fit your line of thinking, then perhaps a local person you know is the best way to go to get rid of all the cash. If you want to give your money away, try doing some networking, probably local instead of online, and see who you can find that could use the funds. You'll be surprised at how many people in your local area could use the help and would be really appreciative. You hear so much about scams it's almost hard to take. Still, if I want to give my money away, seeing it do some good may help.   

Charitable Organizations

I want to give my money away, but just don't think it should go to any single person. If this fits your line of thinking, perhaps it would be wise to offer help to a charitable organization. With extra funds, I could also take a look at the ways to raise funds for charity. You can keep it local or go with a national group. You don't have to be a millionaire to help others this way. Even a small contribution can really help someone that could use it. I want to give my money away and there are tons of worth groups out there that could use the help. You could spend days or longer researching them all and never run out of worthy options for your assets. My main suggestion would be to make sure the cash goes to those in need and not just to pay salaries and expenses. In some cases, the bulk of the funds never reach those they are raised for. If I want to give my money away, this is a good start. There are so many worthy organizations out there that can use the help.

Community Contributions

Okay, you don't have to be a millionaire or rich and famous people that hand out money to be one of the ones that gets remembered. What will be your legacy? If you want to give your money away, perhaps you can make your name remembered. You don't have to change the world to do this. Even if you only have a few bucks to offer, you can make it happen. Perhaps you could buy a brick when they do those fundraisers, complete with your name on it. Perhaps, if you are wealthy, you could have a park for children built. If you needed it named after yourself, it probably wouldn't be a problem. I want to give my money away, but I need the community to benefit from it. If you didn't wish for people to know who donated it you could simply have it built on a small chunk of land and then donated to the city, with the condition it was or wasn't named after you. If I want to give my money away, this is a good way to start. There are tons of other community minded things you could do. Perhaps you could donate to the library, pay for flowers to be planted on main street, or install street lights in neighborhoods in need. You don't have to change the world, but maybe just a small, tiny, little section of it would benefit. If I want to give my money away, this is a legit option

Educational Help

What's your legacy in this world? I want to give my money away, but I need to make it do some good in the world, why not set up a scholarship? This way, you'll be remembered as more than just a guy that got rid of his assets. You don't have to be a rich and famous person to set up an educational scholarship, either. You can simply set up smaller ones, perhaps just $500 or $1,000 to help offset the cost of the tuition and books for some deserving student. Best of all, you can make your own criteria for acceptance. I you realize, I want to give my money away, but I need it to do some good in this world, this may be a good option to consider.  There's nothing wrong with giving someone free funds to go to college.

Have a Contest

I want to give my money away, but I need to do something fun with it. If this is the way you are thinking, then perhaps you should have a good contest of some sort, with the winner getting a set amount of cash or certain assets. Really, as long as it's not gambling or for profit, you should be able to do something like this. It would be wise, however, to check with legal professionals to make sure there are no negative ramifications with something like this. If I want to give my money away, this is a good option to consider. It could be a lot of fun.

Select Heirs

I want to give my money away, but I need to hold onto it now, until I pass. If this sounds like you, then simply selecting heirs now is a good way to go. You can construct your will to benefit anyone, but if you don't have a will, laws will dictate where your assets go, not you. To combat this, make your will out now, and decide exactly where you would like your assets to go. If you want to give your money away, you will probably wish to control where it goes. It really won't solve the dilemma of finding out who to help out with it, but it will be peace of mind. I knew I wanted to give my money away, I could simply select the heirs to leave it to.



Apr 13, 2010 10:28am
Good article, It would be hard to find the best way to give it away simply because there are so many unscrupulous people around these days.
Even when money is donated to great causes the people organising the collections take their cut and the actualy people needing the money do not get it. Even making a will these days is not secure as with these so smart lawyers rellies can contest it and it doesnt go where they wanted it to go. Great article thanks for that.
Apr 13, 2010 6:02pm
lol i thought about combining "contest" with "heirs", could be amusing to watch them battle it out :)
Apr 20, 2010 9:05pm
as for starfly's comment. let's make a reality show out the brilliant idea.
May 8, 2010 11:15pm
Well, if nothing else, that title grabbed me and dragged me in here. Glad it did too. As a former Boy Scout leader, I can tell you that charitable organizations are always looking for donations of some kind. Especially these days as it's getting harder for these organizations to find members and funds to keep them going.
Jun 6, 2010 5:28pm
Brilliant title drew me in, the topic of "wanting to give your money away" is counter to the common search for finding ways to obtain money online.

Jason, I enjoyed the article as it highlights we should consider more than heirs in our consideration of how to share our wealth. Thanks.
Jul 7, 2010 2:03pm
Great article.
Jul 10, 2010 9:55am
Great article, Jason....You should start writing again.... (looks like it's been awhile since you last wrote an article....)

Aug 13, 2011 11:43am
This is a very cool article. You really sucked me in with your headline. I honestly thought I was going to get some free money from you, haha. What you are providing in terms of content here, though, is very interesting. I think some of these are fairly straightforward, like giving money to charity; but other ideas are definitely worth looking into and make this article an interesting read. It would be really cool to have enough money to hold a sort of contest online to win money. Not only for someone to win it, but for you to have the opportunity to give it away.
Apr 2, 2013 12:06pm
I got sucked in too as I always like looking for a freebie! LOL
Mar 28, 2013 6:15am
Really interesting read, I never thought about who I give money to and where it goes, I just give money when the opportunity arises.

Great article, Thumbs Up!
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