- Hi, guys.
Lacey Filipich here for day 30
of the 30 days 30 tips challenge.
Yay, day 30, we made it.
I'm very excited and I've
really enjoyed this process
and I'm getting such great feedback
and people are putting questions in,
so I've decided I'll probably keep going
with this process.
Maybe not everyday,
but I will keep sharing
tips with you online.
So, thank you to those of you
who've given me questions to answer.
I'll do those over the next couple weeks.
I'm really looking forward to it.
My tip today is about
how to give effectively.
Now, this is a topic with much contention
and much emotion around it.
And what I mean by giving,
it's donating money,
donating time, that kind thing.
How do we give effectively
and feel good about it?
Now, there's a lot of talk
when you talk about donating
about finding people
that have very low administrative costs.
You know, 93 percent of
every bit of money we receive
goes straight to the
people that receive it.
Now, that's one way to look at it.
However, if you've got people
that have a very low administrative cost
and they can raise say, 10 million bucks,
so the pie is this big
and 97 percent of that goes
to the people that need it,
that's great.
Now, if they had a administrative cost
that was more like 25 percent of the pie,
but they could grow
the pie to 100 million,
wouldn't that be better?
Because instead of getting 9.7 million,
the people that you wanna
help get 75 million.
Now, there's a great talk
on this my Dan Pallotta
about the way we think about charities.
So, I would encourage you,
when you're thinking about giving,
not to think about necessarily,
the administrative costs,
we certainly want to see the
best efficiency that we can,
but if it costs them
extra money to advertise
and they raise a heap more money,
surely that's better for your cause.
So, think about that, first of all.
Second of all, there's a theory
about effective altruism,
this idea that, and they
use a common example
when they talk about this, which is,
it costs 40,000 dollars
to train a guide dog
for a blind person.
Now, that 40,000 dollars
could give something like
1,600 people that are
blind their sight back.
Now, when you talk about one
blind person getting help
from a guide dog or 1,600
people getting their sight back,
it's very hard to justify
the guide dog, right?
And if you ask the blind
person, the theory is,
they would probably say no,
give the 1,600 people their sight back.
That's about effective altruism.
Where is the best use of your money
on a global scale,
considering our want and need.
Now, here's the thing with that.
My mum still loves
giving to the guide dogs
because it makes her feel good.
She loves the puppies.
She loves the things
that they offer for sale.
So, that works for her.
So, I guess, there's this
wrestle that we all have
with what do we want to support.
What's the way to go about it
and really, for me, it's about
what makes you feel good.
Now, personally, I like to donate my time.
I would rather go and talk to people
about how to manage their money.
I'd like to go to prisons and schools
and those kinds of things.
Do it for free and get
the message out there
about financial management
because I think that's got a potential
to make a lot more difference
than my money does,
but it's not for everybody.
Donating effectively is
about what you feel is good
and now, make sure you do the
due diligence by all means.
Don't go giving to any random people,
but it's about what helps
you feel good about yourself,
so that you are motivated
to make more money,
to give more, to find more time to give.
That's effective altruism is to me.
It's not the technical definition, I know.
Anyway, that's day 30.
If you like this topic
you might wanna read about
poverty in Australia.
Yes, we do have poverty in Australia.
One in six children in Australia
lives below our poverty
line, one in seven adults.
It's pretty incredible.
You might wanna go read about that
when you're thinking about
where you might donate
your money and time.
As I said, that's the last
one today, so exciting.
So, thank you for staying with me.
I really appreciate it.
I will keep answering your questions,
live video logs, I'll do
it a couple times a week
on Facebook, I'll let you know when
and I'm looking forward
to seeing you again soon.
Cheers, bye.
