042: 5 Best Ways to Eliminate Poverty
Listen Here and Now for How to Eliminate Poverty
Join us as we share the top 5 ways to eliminate poverty. These are things all of us can do and start right away.
Quotable of the Week
“As long as poverty, injustice and gross inequality exist in our world, none of us can truly rest.” — Nelson Mandela
Highlights from the Episode
Warning: we’re going to get a little feisty today. Enjoy hearing some of our strong opinions. If you disagree, we’d love to hear from you and have a dialogue.
1. Think and act wholistically. Avoid doing good in one area while doing harm in another.
Remember The River from episode 040.
Keep The River in mind no matter which area you choose to focus on.
Example: churches are often grown on the backs of coffee farmers. Let us explain. You just have to ask 4 simple questions:
- Where do pastors and church leaders meet with the congregants?
- What do churches serve every single Sunday morning?
- What portion of the church’s budget goes toward the coffee meetings and the Sunday refreshment?
- Is the coffee that’s being purchased transparently paying the farmers an above living wage?
The problem is with Cause Related Marketing and Corporate Social Responsibility in the church and throughout the business world. Positive impact is just a side project to help grow their bottom line.
We need more organizations – nonprofits, for profits, and hybrids of those two – who put social impact at the core and don’t use it as more of a “cover up” for the harm they are doing in another area.
2. Make friends with people who experience a different form of poverty than you.
There is such a divide within our society. We don’t have institutionalized apartheid.
Here in America and around the globe there is still a lot of the remnants of discrimination and segregation.
So many people live in bubbles and only get information that reinforces their beliefs.
So much of poverty requires real relationships in order to eliminate. Go back to episode 039 to learn more about how real relationships are critical.
Pick up to 3 areas of passion and focus your volunteering, business efforts, and/or charitable giving.
You’ll have much more impact going deep than staying broad.
This isn’t our natural instinct personally but after careful consideration and years of experience, we have to agree that focus is better.
The Overflow Principle from episode 041 is how we trust that our focused efforts will create change worldwide.
4. Support world changing leaders.
There are plenty of CEOs and leaders who do things like send jobs overseas where there’s less transparency of the production. They also create poor working conditions right here in the USA. [and they keep padding their own wallets while others suffer… looking at you, Jeff Bezos.]
When you come across a leader – in the nonprofit sector, for profit sector or in a hybrid sector – support them as best you can. Buy their products. Show up to their events. Send them encouraging replies to their e-newsletters. Trust me we have been there as the leader and it means a ton when people show the love to us and our mission.
5. Consider what you do with your money – purchasing power, where it’s stored, and to whom you owe money.
We talked a lot already about being careful what you buy.
It important to consider who you do your banking with too. Additionally, you might work with student loan and mortgage companies, credit cards, investment firms, money managers, mutual funds, and so on and so forth.
You can change the world by how you save for retirement and how you pay for major expenses like your home.
If you’d like to learn more, schedule a 15-minute call with us. This again is why we do what we do in helping you reach your own financial goals. To schedule a call, visit businessactivistentrepreneur.com/firststep.