Early in 2019, I realized that:
- I’m relatively wealthy compared to the rest of the world. (Here’s a visualization.)
- Money goes a lot further overseas.
- There’s an opportunity to change people’s lives even if I’m not a millionaire.
So in 2020, I decided to continue donating and making sure that it goes to the most impactful charities. GiveWell has done a lot of research on the most effective charities, so the majority of my donations went to their Maximum Impact Fund which gets distributed to charities that can change people’s lives. The rest went to GiveDirectly which is on the list of GiveWell’s top charities.
I mentioned in “Giving in 2019” that I was expecting to give around $3k or $4k in 2020, so I’m glad that I was able to go way beyond that goal!