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9 Charities Worth Donating To

9 Charities Worth Donating To
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Giving money to charity is a great thing to do, but to make sure your money is being used wisely, it’s important to investigate the charity to which you’re considering donating. The last thing you want to do is give your money to a sketchy “charity” that uses the majority of the donations it receives to pay its staff. You need to be sure that your money is actually going to help the people you want it to help.

To help you do this, we’ve compiled a list of fifteen charities worth donating to for you to consider when deciding who to give your hard-earned money to.

1. Pencils of Promise

Pencils of Promise is a for-purpose (as opposed to a non-profit) organization that builds schools, trains teachers, and funds scholarships. It started when founder Adam Braun asked a boy on the streets in India what he wanted most. His answer was “a pencil.” Adam went on to give out thousands of pens and pencils to children in over fifty countries over the next five years, before starting Pencils of Promise.

Pencil of Promise is different from most charities in that it mixes a humanitarian purpose with a smart business approach to ensure there’s a great ROI on every dollar spent. It funds its operations through financial support from private donors, events, and companies. This means that 100% of the money donated to Pencils of Promise goes directly towards helping the children in the countries the charity works in. The charity also stays behind once the schools it builds are finished, to ensure that everything keeps running smoothly. The charity works with local communities to come up with curriculum and programs.

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2. 777

777 is an endurance, adventure, and philanthropic initiative put on in partnership with Pencils of Promise by Joel Runyon and his company, Impossible Ventures. Joel is going to run 7 ultra marathons on 7 continents in order to raise the money and awareness to build 7 schools with Pencils of Promise, to provide opportunities to those for whom a basic education seems impossible.

Joel runs IMPOSSIBLE, where he pushes himself and encourages other people to push their limits and do something impossible. In 2013, Joel raised the money to build one school in Guatemala with Pencils of Promise. Seeing the impact his work did, Joel decided to step it up and push himself to do what, for him, seems impossible, in order to make education possible for children in countries like Guatemala. Joel is funding the mission himself, through travel hacking and other initiatives, and all the money donated goes directly to building the schools.

3. Cancer Research UK

Cancer Research UK funds scientists, doctors, and nurses who are researching and attempting to find cures for cancer. It also provides information on cancer to members of the public and its policy-development team advises Government and develops policy on issues relating to cancer.

Cancer Research UK is officially the UK’s most trusted charity, according to research conducted for the Charity Commission. A number of bodies work together to ensure that the charity makes the best use of the donations it receives and that the research it carries out is world-class. The charity receives no Government funding, and so relies on donations to help its scientists move closer to finding a cure. Money goes towards such thing as funding research centers and buying research equipment.

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See some of the ways your support helps. We receive no Government funding so our life-saving work is only possible thanks to people like you.

4. Charity: Water

Scott Harrison, the founder of Charity: Water was a hedonistic nightclub promoter when he went to South America and realized he was “the most selfish, sycophantic and miserable human being.” He began volunteering as a photographer for a Christian aid group that performed surgeries in poor countries and saw how much impact people like him could have on the lives of the people he met. Two years later, he decided to start a charity to provide clean water to people in poor countries. But with no money, Harrison had to rely on his talent for promotion to begin raising money.

Several years later, Charity: Water ensures that every cent donated goes straight into projects in the field. It also shows its donors exactly what their money has achieved and uses social media to raise awareness. The charity is applauded for its accountability and transparency. To date, it has funded over 13,000 water projects.

5. Médicins Sans Frontières

Médicins Sans Frontières is an international medical humanitarian organization that provides emergency aid to people who are in need because of natural disasters, armed conflict, and exclusion from healthcare for whatever reason. It helps people according to their needs, ignoring variables such as race, religion, gender, and political beliefs. The organization aims to be impartial and neutral and to instead focus on providing the help that is needed.

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90% of the organization’s funding comes from private sources rather than governments, which means the charity can remain neutral and independent. Over 80% of the charity’s funding goes towards resources for humanitarian support. Only 20% of donations are put into management, administration, and fundraising activities. The charity’s audited financial reports are publicly available.

6. All Hands Volunteers

All Hands Volunteers is a US-based non-profit organization that gives hands-on help to communities around the world, aiming for maximum impact and minimum beaurocracy. It aims to provide immediate and sustainable support to those who need it and to be the most effective charity out there. It has helped survivors following disasters in places such as Haiti and Japan.

The charity raises money through special events, adverts, grant proposals, direct mail, internet appeals, and other approaches. Over 80% of the money raised by the charity goes directly into providing relief and assistance to communities, and the charity has an extremely high transparency score.

7. Oxfam

Oxfam is an international confederation of 17 organizations that work together and with local communities in over 90 countries. The organization is committed to mobilizing the power of people against poverty, by finding practical and innovative ways to help people and communities lift themselves out of poverty. It responds to crises, campaigns to raise awareness of poverty, and helps people to thrive.

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Approximately 80% of the charity’s donations go directly towards helping people in poverty. The charity also has an extremely high transparency rating and is well-known across the world.

8. Rainforest Alliance

The Rainforest Alliance is a conservation organization that aims to protect the rainforest by making it financially appealing for businesses and communities to protect the rainforest. They help businesses improve their standards, so that their practices are sustainable and rainforest-friendly. Once businesses meet their standards, they can become certified, which makes them more appealing to customers. Rainforest Alliance has certified companies such as Scholastic, McDonald’s, and Kraft.

Over 90% of this charity’s donations go directly towards helping the rainforest. The majority of the remaining money goes into fundraising efforts rather than administration or management.

9. World Wildlife Fund

The World Wildlife Fund aims to protect endangered species and their habitats. They aim to have the biggest impact they can, by encouraging people to make choices that are sustainable and animal-friendly, for example by buying sustainable seafood.

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The charity’s financial information is readily available on its website. It receives just over 50% of its funding from donations, and 20% from governments. Over 80% of the organization’s income goes towards program expenses. Of the money that isn’t, just over 10% goes towards fundraising.

Featured photo credit: IMPOSSIBLE & Pencils of Promise via 777.impossiblehq.com

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Last Updated on July 20, 2021

Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

Financial Freedom is Not a Fantasy: 9 Secrets to Get You There
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Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

Break Free of Your Finances

Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

Though it seems hard to believe, it is really very simple to get financial freedom.

To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

1. Stop Unnecessary Spending

We often spend money inwardly, instead of objectively.

For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

To stop this habitual spending, log down all your spending over the course of a month.

Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

2. Plan a Monthly Budget

This is a great opportunity to get serious.

Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

3. Cut-up Credit Cards

Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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If not, you may want to consider ridding your life of the burden that credit cards bring.

Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

4. Increase Savings

There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

It’s good practice to save up to 15% of your income.

Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

5. Invest Wisely

Consider investing in funds.

Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

6. Invest in Gold

There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

Another way to invest in gold is through ETFs (Exchange Traded Funds).

These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

7. Stash Emergency Funds

Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

Make it hard to get your cash.

Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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8. Find Fabulous Mentors

Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

9. Be Extra Patient

Patience is the key of financial success.

Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

Financial Freedom for All

Anyone can achieve financial freedom, regardless of their financial circumstance.

Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

Featured photo credit: rawpixel via unsplash.com

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Reference

[1] Hartford Gold Group: IRA Retirement Accounts

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