Giving Principle

EPISODE SUMMARY

In this episode of Building Us podcast, co-hosts Erik Garcia, CFP® and Dr. Matt Morris, LPC, LMFT talk about the significance and values of giving, the purpose it gives to everyone, and how it creates a healthy relationship with money.

Episode Highlights:

  • Matt says that Erik is a generous person and a wise financial adviser. (00:41)
  • Why is giving our personal finances a part of a prudent financial plan? (00:53)
  • Erik shares that value can be instilled to most people from their culture, and faith like giving to others. (3:02)
  • Erik mentions that helping others is a universal human trait. (3:27)
  • Erik says that giving is not a magical thing nor a vending machine. (3:41)
  • Erik says that when we start to give, it forces us to think outside of ourselves. Instead, it forces us to think about the needs of others. (4:23)
  • Erik shares that people can save more when they become conscious of how they spend and manage their money. (5:54)
  • Giving facilitates a certain degree of having healthy relationships with money. (9:12)
  • Does money change our relationship with the people around us? (10:17)
  • Matt talks about the gift he gave to his wife. (11:25)
  • How can we give someone else an opportunity? (12:58)
  • Is there a limit to what you would encourage people to give? (15:36)
  • Erik shares the saying CS Lewis said that stuck to his mind. (16:30)
  • What does Erik think about families and couples who give? (20:42)
  • Erik says that we live in a land of abundance. (30:00)

Key Quotes:

  • “When we put our needs behind the needs of someone else, that is giving. Giving is disadvantaging ourselves to advantage others.” Erik Garcia, CFP® 
  • “We start to see money not as just a tool to advance ourselves, but as a tool to advance others.” –  Erik Garcia, CFP® 
  • “Giving changes our relationship to money but, it also changes our relationship to others.” -Dr. Matt Morris, LPC, LMFT

Resources Mentioned:

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