Neighborhood Economics: Redefining Financial Success Through Community-Centric Investing - Part 2

The Mindful Marketplace with Joel Skene

Unlock the secret to enriching your community and your portfolio simultaneously as Michael Shuman guides us through the untapped potential of local investing. Our enlightening conversation debunks the myths surrounding the necessity of big banks and shines a spotlight on the myriad of ways to invest right where you live. From supporting small businesses to funding community projects, we uncover the social and financial benefits that are often overlooked. Michael's insights, combined with inspiring success stories from the Main Street Journal, illuminate a path toward a more connected and resilient economy that begins at our very doorsteps.
Venture with us beyond the familiar territory of Wall Street as we redefine what it means to diversify one's investments. We challenge the stock market's status as the ultimate financial haven, revealing how local endeavors like solar projects and property ownership can provide stability and impressive returns. With a candid analysis of historical data on the stock market's performance, our discussion encourages listeners to consider the broader implications of their investment choices, highlighting the often hidden costs of fees, inflation, and market volatility. This episode will inspire you to think creatively about your investment strategy and the impactful difference you can make within your community.
As we wrap up, we focus on the future, where community-level initiatives and the notion of 'locopedia' lay the groundwork for a globally connected yet locally empowered world. The conversation at the Neighborhood Economics Conference in San Antonio exemplifies this spirit, bringing together a diverse group of investors, entrepreneurs, and community leaders, all united in the mission of fostering local economic growth. Join us on this journey to a more equitable and sustainable financial landscape, where your money does more than just grow—it strengthens the very fabric of our neighborhoods.
https://mainstreetjournal.substack.com/
https://www.cuttingedgecapital.com/
https://leadthechange.bard.edu/blog/author/michael-h-shuman-faculty-bard-mba-in-sustainability

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Kapitel

1. Investing in Local Communities (00:00:00)

2. Investment Alternatives and Wall Street's Performance (00:07:18)

3. Local Investment and Reducing Inequality (00:16:41)

4. Neighborhood Economics and Future Community Self-Reliance (00:27:12)

5. Gratitude for Collaborative Progress (00:34:40)