A well known meditation teacher, Joseph Goldstein, once said to me, "I listen to every generous impulse and act accordingly." He went on to explain that money is just one of many ways to be generous.
Generosity includes your time, skills, non-financial resources, attention, and even your attitude. It's about embracing a mindset that thrives on the feeling of being generous without expecting anything in return.
A fundamental principle in Buddhism is the idea of not clinging or non-attachment. Whenever we are generous, we are essentially loosening our attachment to something, whether it’s a fixed idea, a material possession, or even a desire to change a problematic person or thing. For example, this could manifest as letting go of incessant self-judgment, the reflexive look at our phones because we’re bored, or the grasping for yet another chocolate chip cookie.
This isn't just a lofty idea—it's a profound practice. The more we learn to soften our grasp on something, the more we enrich and widen our experience of life. Not clinging is really about letting go of our fixed expectations of ourselves, others, and situations, and an acceptance of things as they are.
Pause for a moment and sense the difference between a clenched fist and an open hand. There’s a big difference, right? It’s like the difference between clinging steadfastly to an idea (clenched fist) versus recognizing that another perspective might be beneficial (open fist). It’s the difference between expecting a colleague/friend to change (clenched fist) versus affirming who they are. You can also try exhibiting, in stealth mode, the qualities you would like to see this person cultivate (open fist).
Research shows that we gain more happiness from giving than from receiving. People who give to others, whether through time, effort, or resources, report greater happiness and life satisfaction. And this happiness from giving is not limited to financial generosity - it also extends to volunteering and other forms of prosocial behavior, with benefits observed across diverse cultures. It turns out that the age-old adage "it's better to give than to receive" has strong scientific backing, revealing generosity as a fundamental aspect of human nature that nurtures our well-being.
With all of this evidence, let’s explore how to cultivate a mindset of generosity. Here are 5 ways to nurture your generous spirit:
Joseph went on to say that "Generosity is the path to abundance" describing abundance as a wellspring of vitality and happiness. And, I would add that when we’re operating from this mindset, we tend to make wiser business, financial, and personal decisions. The groundbreaking work of Daniel Kahneman sheds light on this phenomenon, illustrating how fear—an antithesis to generosity—often leads us down the path of less wise financial choices.
I have become inspired by Joseph’s pledge -
I listen to every generous impulse and act accordingly
- and I’m going to take it on this year. There’s power in doing it together. Are you willing to take this pledge with me?
Tajitsu, an 18th century Japanese nun said "I unclenched the fist in my mind and fell into the midst of everything." Sounds pretty good to me!
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All materials are for educational purposes only and are not to be considered investment, financial, or tax advice, nor do any of the author's opinions represent the opinion of Abacus Wealth Partners. Please consult with a financial advisor or CPA before making financial decisions. Should you wish to connect with a financial advisor that fits your situation, we welcome you to schedule a free introductory 15 minute phone call.