News for hackers. Stuff that matters.

A comment on Chuck Feeney Is Now Officially Broke. Parent comment

Re:Chuck Feeney Is Now Officially Broke by dingaling on Wednesday September 16, 2020 @02:32AM (#24490103)
> but giving money to effective charities is also a great way to use your money

Those charities aren't going to help you when you're retired and subsiding on a meagre state pension. Or if there's a resurgent global pandemic and you lose your job and home.

Save first, always.

[ Parent | on HN ]
Re:Chuck Feeney Is Now Officially Broke by halflings on Sunday September 20, 2020 @09:07AM (#24533793)
I mentioned that you can do this on top of saving money. Just saving money with no goal in mind (or with the goal of buying a $1M house) is IMHO not always worth it.

Absolutely for saving to be able to survive ~1 year as life is very unpredictable, but we're talking about altruism here... Let's for a second assume we all want to have the largest positive impact on other people, is that $1M really the best way to spend your money to both improve your and other people's life? Could you instead buy a house/work elsewhere, pay $400K, and invest $600K in saving a hole bunch of people from certain death / extreme poverty?

[ Parent | on HN ]