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“Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.” – Andrew Carnegie

The robber barons of the industrial revolution were pretty cut throat in their business practices, but they also had a softer side. Andrew Carnegie really lived those words over his lifetime and donated the vastness of his fortune to charitable pursuits. Today, the same sort of attitude toward charity can be found in Warren Buffett’s and Bill Gates’ so-called giving pledges.

While the majority of us may not have the ability to buy a new university library, we all have some capacity to do charitable work. Not only is it good for the soul and our karma, it also has major financial benefits.

Feeling Good About Doing Good

There are some Scrooges among us, but the truth is that most of us feel happier when we donate money or time to our favorite charities.

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