I'm 23 and just out of college. I'm clueless but I would like to start planning my finances NOW to maximize how much income I can give away to philanthropic causes during my lifetime. I'm willing to go to any extent to structure my finances appropriately. My question involves two scenarios that aren't necessarily mutually exclusive:
Scenario 1: Fixed income.
I make a fixed amount every year. Over the course of my lifetime, how do I maximize the amount of good with this fixed income? Should I invest/save all my income until I'm 60 and then begin giving? Should I give as I earn money in order to have a more extended impact and to gain experience in giving?
Scenario 2: Business Owner.
If I start a business in the future, how should I balance the uncertainty of being a business owner with setting aside money for philanthropy? Is there a way to structure a commercial business so that profits are partially channeled to philanthropic causes?
Submitted April 26, 2017 at 09:00AM by the_other_place http://ift.tt/2q5gby7
