SuperCrowdHour: Why You Should Make Money From Your Impact Crowdfunding Investments
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In the opening chapter of my new book, How to Make Money with Impact Crowdfunding, I delve into the essential yet often overlooked reasons why earning money through impactful investments is not just beneficial but necessary. Today, I’ll share them in this SuperCrowdHour webinar at 1:00 Eastern/10 Pacific.
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My journey into understanding the deeper significance of money began with an enlightening encounter with Bill Gates, whose philanthropic endeavors and investment acumen greatly influenced my perspective on wealth and social impact.
Despite the clear necessity of money for basic needs and future security, I argue that there's a more profound value in making money through impact crowdfunding. Drawing inspiration from Gates, who, despite his plans to donate the majority of his wealth, continues to seek optimal returns on his investments, I realized the importance of maximizing returns, especially when the funds are earmarked for impactful purposes.
I outline three pivotal reasons why this approach is vital.
First, making money allows for reinvestment into other impactful ventures, amplifying the potential for positive change.
Second, successful investments increase your confidence, allowing you to allocate more of your investment portfolio to impact crowdfunding, thereby expanding the scope of your impact.
Lastly, and perhaps most importantly, a company's profitability is intrinsically linked to its ability to sustain its impact over time.
To illustrate these points, I use the example of investing in a minority-woman-owned vegan restaurant. Such an investment doesn't just provide financial returns but also supports gender and racial equity, promotes environmental sustainability, and contributes to public health, showcasing the multifaceted impact that can be achieved through thoughtful investing.
Furthermore, I address a common concern that one's available capital might be too insignificant for meaningful impact investing. Contrary to this belief, I argue that even modest investments can be strategically grown through impact crowdfunding, ultimately allowing for a significant portion of one's portfolio to be allocated to such investments without compromising financial security.
The chapter concludes with a reaffirmation of the necessity to prioritize profitability in impact investments, not for personal gain, but to ensure the longevity and sustainability of the positive changes they bring about. By focusing on investments that can both yield financial returns and contribute to societal betterment, we can create a self-perpetuating cycle of impact and investment.
I look forward to delving deeper into the nuances of impact investing in subsequent chapters. My goal is to equip readers with the knowledge and confidence to make money with impact crowdfunding, thus enabling both personal financial growth and the advancement of societal goals. This journey is not just about financial acumen but about reshaping the very fabric of our economy to reflect our values and aspirations for a better world.