Slow Money Principles
In order to enhance food security, food safety and food access; improve nutrition and health; promote cultural, ecological and economic diversity; and accelerate the transition from an economy based on extraction and consumption to an economy based on preservation and restoration, we do hereby affirm the following Principles:
- We must bring money back down to earth.
- There is such a thing as money that is too fast, companies that are too big, finance that is too complex. Therefore, we must slow our money down -- not all of it, of course, but enough to matter.
- The 20th Century was the era of Buy Low/Sell High and Wealth Now/Philanthropy Later—what one venture capitalist called “the largest legal accumulation of wealth in history.” The 21st Century will be the era of nurture capital, built around principles of carrying capacity, care of the commons, sense of place and non-violence.
- We must learn to invest as if food, farms and fertility mattered. We must connect investors to the places where they live, creating vital relationships and new sources of capital for small food enterprises.
- Let us celebrate the new generation of entrepreneurs, consumers and investors who are showing the way from Making A Killing to Making a Living.
- Paul Newman said, "I just happen to think that in life we need to be a little like the farmer who puts back into the soil what he takes out."
- we invested 50% of our assets within 50 miles of where we live?
- there were a new generation of companies that gave away 50% of their profits?
- there were 50% more organic matter in our soil 50 years from now?
Inquiries into the Nature of Slow Money, written by Woody Tasch, presents the philosophy, strategy and mechanics for bringing money back down to earth . . . Step toward a financial system that serves people and place as much at it serves industry sectors and markets.
I believe that Slow Money may save us all. What do you think?
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7 comments:
I agree: it's time to make durable investments, instead of investing money in something that we hope will bring immediate profit. I believe that more and more companies have adopted this latter strategy and the result, today, is disastrous. We shouldn't think immediately about profit, but instead, on how to make a quality product, which doesn't harm the environment.
I fully agree that real money making is not faster than a lighting strikes that gives huge benefits but slowly and very consequent process that gives us earnings at the very end.
I totally agree with you.
The worship of $100 bits of paper has gone too far in the last 30 years. Local purchasing prevents the dumping of cheap imports. Re-investment smoothes out the peaks and troughs of economic recession/expansion.
Let's do it!
We live in such a "I want it now" society that it's worthwhile to stress that substantial profits, substantial growth, substantial anything requires an investment and a worthwhile investment takes time and effort.
Looking specifically at internet marketing it breaks my heart that so many people are being taken advantage of because they want to see money results now and they're not making a cent, in fact they're losing money. Your point is well taken :-)
I agree that making money with your business, like any form of investing is best done at a slow and steady pace. The best part about being an entrepreneur for most people is the reward of feeling that what you are doing is worthwhile. Most of us could make more money in the corporate world if making money were our number one concern.
I agree that the time to make good investments is now. Some strategies work, some doesn't, this could be a good one to make money in times like these.
I totally agree. There is no such thing as fast easy money. You are completely right, we need to slow it down and think about where we are throwing our money around.
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