Have You Paid for Your Free Lunches?

 

November 19, 2013

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As Thanksgiving approaches, we can be thankful to live in such a great nation as the United States. We enjoy advantages like freedom, a system of roads connecting us to all points of the compass, and colleges and universities that help us attain the education needed for success in life.


If you are successful, you know how much hard work it takes to create and maintain that success. But if you’re like me, you know something else too. There is some part of your success that you can’t ascribe to work. Many others feel the same way. In a recent survey, 79% of business owners said that being in the right place at the right time played a role in their success.


What role did good fortune play in your success? Maybe you were born into a great family and had an advantageous upbringing. Maybe you connected with exactly the right mentor at some point in your career. Or maybe you were literally at the right place at the right time during a critical juncture in your life.


Whether you think of these things as God’s plan for you, blind fate or just dumb luck, the point is you benefitted from them without having done anything to deserve them. They were, from your perspective, free lunches, and when you realize your good fortune in receiving them, you may want to return the favor and help others receive a few free lunches of their own.


How do you do that? By including philanthropy in your life. It could be a special gift to your church, a scholarship bequest to your alma mater, or a check to the local food bank. It could even be all three.


And payment doesn’t have to involve cash. Mentoring students at an inner-city high school or taking a mission trip to build homes in a hurricane-wracked nation could certainly fit the bill. The point is, you’re giving something of yourself without expecting to get something in return. You’re squaring a circle with the times in your life when the situation was reversed.


Such philanthropy becomes a win-win situation by helping you live with a sense of gratitude for your own gifts. This is a key to happiness, which can become contagious to those you come in contact with and influence through your actions.


At PARTNERSINWEALTH, we are thankful for our clients and those of you who may not yet be our clients, but who read our WEALTHWISE newsletters. It humbles us to realize that the thoughts we express can reach and impact others.


We believe philanthropy plays an important role in the life of a financially successful family. And financial success is important to philanthropy, with giving taking place from abundance. Are you confident that the abundance of your wealth is sufficient to meet your family’s needs and desires? We help protect and accelerate the growth of your net worth, so your family can rest easy and focus on living. For more information, helpful guidance or professional assistance with this or other issues, please contact Jim Waters, CFP®, at PARTNERSINWEALTH, 713.964.4028 or jrw@partnersinwealth.com.