Brice Karickhoff is a climber and development economist with a passion for charitable giving. In this episode we discuss the importance of balanced saving and giving, the utility of the donor-advised fund, and broader macroeconomic trends that affect us all.
Topics Discussed with Brice Karickhoff
- Brice’s recent bouldering accomplishments and how he manages to send and maintain a career in Atlanta, GA.
- Brice’s interest in global poverty and the roots of a career as a development economist
- Charitable giving methods used to empower those in poverty
- How to effectively give to organizations that make a difference
- Charitable giving as a response to guilt
- When to give vs when to save
- Donor-advised funds: What are they and how can they enable us to give like a millionaire?
- Discussion on broad and complex macroeconomics trends: minimum wage, wealth inequality, inflation, stock market pessimism, and the housing market.
- So much more!
Get in Touch with Brice Karickhoff
Brice’s employer: Mission: Hope
Third-Party Accountability Resources for Charitable Giving
Related Clipping Chains Resources
You Know a Recession is Coming, Right?
I Have Cash! Is Now a Bad Time to Invest?!
There’s No Way I’m Investing in this Economy!
Housing Affordability: This Isn’t Normal
A link to all posts is here.
Books
The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It (Paul Collier)
Suicide of the West: How the Rebirth of Tribalism, Nationalism, and Socialism Is Destroying American Democracy (Jonah Goldberg)
Atlas Shrugged (Ayn Rand)
Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty (Abhijit V. Banerjee, Esther Duflo)
The End of Poverty: Economic Possibilities for Our Time (Jeffrey Sachs)
The Righteous Mind: Why Good People Are Divided by Politics and Religion (Jonathan Haidt)
The Gulag Archipelago Volume 1: An Experiment in Literary Investigation (Aleksandr I. Solzhenitsyn)
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Burton G. Malkiel)
The Simple Path to Wealth: Your road map to financial independence and a rich, free life (JL Collins)
Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones (James Clear)
Brice Karickhoff Interview Time Stamps
0:05:46: Desperado (V9/10) at Hospital Boulders, AL and other climber talk
0:13:28: Brice’s background in economics
0:19:22: Why Brice housed homeless individuals with his roommates in college and the important life lessons from this experience
0:24:22: Why Brice focuses on international poverty. U.S. domestic vs global poverty observations
0:28:36: Solutions and tactics for complex and rooted international poverty. The importance of empowering vs simply giving.
0:35:00: Brice’s personal charitable giving philosophy and how we can make sure our dollars are going towards empowering others
0:40:48: Third-party resources for charitable giving accountability
0:48:47: Charitable giving as an emotional response and the pitfalls of giving out of guilt. Finding the right balance between spending, saving, and giving. Thinking of giving as a lifelong ambition.
0:56:03: Donor-advised funds. What are they and how can we use them to give more effectively?
01:07:16: Brice and his wife Talia’s saving and investing strategy
01:16:40: Brice’s change of opinion on minimum wage policy
01:25:25: Are sweatshops progress?
01:27:34: Wealth inequality in the United States: observations
01:35:55: Inflation: musings on causes of high inflation, tools used to curb inflation, and what we’ve seen in past periods of high inflation
01:40:28: Short-term stock market pessimism: should we be investing now?
01:45:12: Navigating the American housing market as a prospective first-time home buyer
01:58:38: Our favorite books
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