We’ve covered the importance of saving, paying off debt, and investing. Today let’s talk about another type of downpayment: investing in others. In particular, other women.
I’ve personally spent ⏳ and💲on health and education initiatives in Nepal and Kenya, to support women caregivers, teachers, community health workers and nurses. I 💯 agree with @melindafrenchgates of the @gatesfoundation who said, “When we invest in women and girls, we are investing in the people who invest in everyone else.” Gates is a trailblazer not only in global development but in venture capital. Through her investment and incubation firm Pivotal Ventures, she’s investing in women-led businesses, which so often miss out on key funding.
But we can’t all fly off to 🇳🇵or 🇰🇪; and our businesses aren’t (yet) raising millions of 💵. So how else can you give back while on your own growth journey?
Krawcheck has some great advice as you’re building (your network, business or portfolio): give as much as you can. “I make it a routine practice to lend a hand to someone in my professional circle at least once a week. I don’t worry about whether or not it’s worth the effort, or what I’m getting in return (it’s OK if the answer is nothing). Make an introduction to a candidate for a key hire, introduce them to a potential investor, or share tickets to your table at the charity gala. This will pay dividends over and over the long term and I’ve found the more I give, the more favors come my way when I need them most.” Karma and do the right thing!
So, what can you give? Tell us how you invest in others!