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Before I Forget, I Want to Make a Public Commitment to Charity

You know how you get excited to do all sorts of stuff, but you forget and it doesn't pan out? Well, like I wrote in "The Joys of Public Accountability," making a public commitment helps you follow up with things.

I'm going to set aside some of my income for charity henceforth forever. I'm thinking 10%, but I'm not sure yet. I just listened to the audiobook of "The Richest Man in Babylon," and it was really amazingly excellent and it's got me inspired. I ran a couple small charity events in the past in London, and given a bit of money to charity, but nothing systematically. So, I'm committing to doing that.

To clarify a few points -

Note that I wrote "set aside" - I'm not going to dump the money on whoever has nice marketing materials, I really need to do some research. If I've got the money sitting in a bank account marked for charity for a year or two before figuring out what has high impact, so be it. The path to hell is paved with good intentions, and I want to make sure I'm supporting the right causes. I'll let you know the who/what/when/where/why/how of how I'll be going about charity later.

Note that I wrote "some of my income" - I'm not sure exactly what I'll donate on. All cash received annually? Earned income? How about if I get stock options as part of a deal? How about if I'm in a deal where I've agreed to automatically reinvest the profits for the first few years? Only when I cash out? I'm not sure on these details yet. Definitely earned income cash, at least. I'll figure out the specifics later.

The Zero Cost Lifestyle

On Tynan

Several years ago I was sitting with a bunch of friends at a restaurant. Dinner was winding down and we were all stuffed.

My friend next to me asked me how I made so much money. I always had the money for everything, she said, and she was always struggling.

The bill came and everyone went down the list adding up their stuff. Before tax and tip mine was around $7. Hers was $30, more than four times what mine was.

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