Slow Down and Spend Your Money Wisely
Andy Fleming writing on financial freedom…
A decade ago, the idea that money could move too fast, that businesses could become too big, or that finance could be too complex may have seemed laughable.
These days, it’s a fact that’s hard to deny.
Even wealthy entrepreneurs now seek alternatives to big, global initiatives. What’s the point making a bundle overseas if you return home to find your community floundering, lacking jobs, and awash with poverty-related crime?
Enter the Slow Money movement.
Instead of prioritizing quick returns, Slow Money investors are encouraged to re-invest at least a small portion of their profits in grassroots food systems that have the potential for long term growth.
It’s not an unrealistic expectation. One of Slow Money’s long term goals is to see one million people invest just 1% of their assets in local agriculture. Entrepreneur.com has even referred to the movement as “one of the top five trends in finance”, proving that even the financers at the top know it’s high time to start rebuilding from the ground up.
Founded by Woody Tasch in 2008, Slow Money seeks to direct the flow of capital to local food enterprises, organic farms, and sustainable agriculture.
Slow Money has already attracted thousands of investors, spawning projects in 46 states and seven countries.
It’s about fostering healthy communities and closely bonded business partnerships which are mutually beneficial. Since its inception, the founders of Slow Money have managed to raise $49 million to support over 500 enterprises. One of Slow Money’s long term goals is to gather one million signatures from people agreeing to follow their six core principals.
Bringing money “back down to earth” is Slow Money’s number one goal. As Woody Tasch puts it: “What would the world be like if we invested 50% of our assets within 50 miles of where we live?
The movement believes that by encouraging investors to support local food systems, we can begin to rebuild parts of our culture and economy that are wilting under the shadow of big business. It advocates shift away from “venture capital” towards “nurture capital.”
This idea of nurture capital means focusing on cooperation rather than domination…and realizing that this way of doing business isn’t mutually exclusive when it comes to profitability. It doesn’t require a big change, more of a shift of mindset. Instead of promoting competition, Slow Money businesses are interested in cooperation; instead of a chain-of-command, they build a latticework of interaction.
Connecting investors to the places where they live is, according to Slow Food, beneficial for everyone. Large scale agriculture operates in a way that produces widespread pollution. This is an area that even the top earners are going to have difficulty ignoring, especially since clean water levels are scheduled to reach massive shortages worldwide by 2030.
P.S. Discover how you can enjoy a more laidback, authentic, independent way of life in The Savvy Retiree Daily. Sign up below to have it delivered – free of charge – to your email inbox.