My research around what to do to have greater impact has led me to discover another incredible movement: effective altruism.
Effective altruism is a philosophy and social movement focused on answering one question: How can we best help others?
Our resources are limited, so we have to use them wisely. Effective altruism is the project of:
- Using evidence and reason to find the most promising causes to work on.
- Taking action, by using our time and money to do the most good we can.
It is a movement that seeks to optimize for positive impact, using reason and evidence. Simply for the good of everyone. I invite you to explore.
I am as much a member of the effective altruism community a I am of the financial independence community.
In fact my ultimate ambitions lie within effective altruism, as that is where I will have the greatest impact.
My current work is simply a stepping stone towards that. I am building a community of financially aware people who know how to optimize their ressources for happiness and fulfillment. And part of that is impact.
I am also building a business that is committed to doing good. Through its services but also through its donation to high impact charities such as the Against Malaria Foundation (which one of the best options we have here from Belgium).
As such I have taken the Giving What We Can pledge and committed to donating at least 10% of any profit I make. The rest goes back into developing the resources for the community and pays for the platforms I use and the support I need to run all this.
So that's my personal reward. Not a salary or pay, but a donation to a high impact charity that is doing extremely important work for people who need help the most.
The beauty of all this is that you don't need to buy into my personal values and commitment to charity, all you need to do is benefit from the work I do helping you getting started with index investing.
The positive impact you help me achieve is simply a bonus on top :-)