Speaking from a strictly "moral" perspective if you donate money to a charity then you really shouldnt take it as a tax writeoff.
That is an excellent point. Truely "doing good" should not have ulterior motives. That doesn't mean something isn't moral or ethical if you earn a profit from it, but the point is to be honest about what you are doing. If your goal is to make a profit and give back to your community, great. Just don't lie about it (and I'm not saying you are) under they guise of pure charity if it really isn't that.
That said, that doesn't mean that "non-profits" don't do this. I know someone who worked for one of these organizations who was paid 50% of any donation she was able to acquire. 50%! How is this really a charity if this much is being paid out to all of the staff. My grandfather once told me that he was aware of quite a few not-for-profits that keep 90% of the donations for payouts to managers and staff and only disburse 10%. Seems a bit hypocritical and greedy for a "charitable organization" don't you think?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
