This is a topic that I talk to a lot of people about as helping others can be a great thing to do where if you are in the fortunate position to do something good for others your generosity can go a long way. Usually the most common thing that comes to mind is to donate money to some kind of good cause. This also raises the interesting question as to how much and when one should begin to be more active in donating money.
An example would be if all a person had was $1000 and they donated it all to a charity I’m sure a lot of people would consider that a noble deed. The other side of the debate would be that wouldn’t it be better if that person at first keeps that $1000 for themselves and use that to help generate more money so that they can place themselves in an even better position to donate more while at the same time not completely draining their own funds? For example, reach to a point where you are generating say one million a year and then you can more appropriately afford to donate a more significant figure, like say $10,000, while at the same time not hurting yourself as much.
It is an important thing to think about though I think as giving back can have a very positive impact in your life. Just make sure you learn to take care of yourself too I’d say while you are doing it. Of course, it doesn’t always have to be money too as your time can be valued just as much.