James Altucher explains why he doesn't donate to big charities:
The American Cancer Association might be a great charity. But what will my dollars do for them? Nothing. Warren Buffett and Bill Gates are spending $100 billion on eradicating cancer, AIDS, malaria. ... What I like to do is direct donations into what I call “micro-causes.” Specifically, pick up the local paper and see who needs help RIGHT NOW, where a small amount of money can immediately make a significant difference in someone’s life. For instance, if the NY Post writes about a house burning down in Brooklyn and a now-homeless family put them up in a hotel. Simple. Easy. Cheap. Makes their lives better while they deal with the loss of their home and all of their belongings. And probably nobody else thought of it.
We want to hear what you think about this article. Submit a letter to the editor or write to firstname.lastname@example.org.