• Local Investment Strategy #2: The People You Love
    June 19, 2020   Blog Posts   No Comment

    (This blog is part two of a 12-part series on emerging opportunities for local investment that are especially important in the post-COVID era.  It’s drawn from my new book, Put Your Money Where Your Life Is.) Last week I talked about how investing in yourself by paying off your credit cards was the single best local investment opportunity. It’s risk free, generates a 15-20% annual return, and ultimately saves you Read more

  • Local Investment Strategy #1: Invest in Yourself
    June 10, 2020   Blog Posts   1 comment

    (This blog is the first in a 12-part series on emerging opportunities for local investment that are especially important in the post-COVID era.  It’s drawn from my new book, Put Your Money Where Your Life Is.) One of my favorite Gary Larson cartoons is of a crisis clinic on fire, floating down a river, about to plunge over a waterfall.  That’s what my life was like in 2008.  That was Read more

  • When I’m 64…
    June 4, 2020   Blog Posts   No Comment

    If I’d been out till quarter to three Would you lock the door Will you still need me, will you still feed me When I’m sixty-four. – The Beatles If ever there were an inauspicious week for the release of my latest book, PUT YOUR MONEY WHERE YOUR LIFE IS, this is it.  Okay, maybe the week of September 11, 2001, or December 7, 1941.  This was also the week Read more

  • Adopt A Local Business
    May 11, 2020   Blog Posts   No Comment

    Many of us show our compassion and generosity through acts of adoption. Adopt a tree, adopt a baby giraffe, adopt a schoolchild, etc. For the last two weeks, my partner Audrey and I adopted a lovely four-legged pooch named Annie. Her “person,” a close friend, had to travel to Western Massachusetts to be with her dying mother. I’m not exactly a dog person—I didn’t grow up with dogs, and throughout Read more

  • Public Procurement: The Untapped Stimulus
    May 4, 2020   Blog Posts   No Comment

    My recent recommendation to radically overhaul public procurement (one of “A Dozen Asks for Your Governor”) elicited lots of great questions. Today’s blog explains in more detail what needs to be done and why. Let’s begin with the bottom line: In 2017, according to Census data, state and local governments collectively spent about $3.7 trillion. Increasing the flow of these trillions toward local businesses in the post-COVID era could generate Read more

  • 8 Ways To Avoid Becoming A Zoombie
    April 24, 2020   Blog Posts   4 Comments

    The film World War Z depicts a pandemic that spreads rapidly across the planet and transforms its victims into terrifying Zombies. What it failed to anticipate was how a pandemic could reduce our social interactions to exhausting, numbing Zoom sessions. Must social distancing mean the loss of our humanity? Close social interactions are the essence of community. Author Bill McKibben once observed that a shopper has about ten times more Read more

  • Rebooting Your Community After COVID-19
    April 21, 2020   Blog Posts   No Comment

    I’m currently offering a workshop on how to help revive your community’s economy as the COVID-19 pandemic recedes, through a specific, comprehensive local investment strategy.  You can find details for planning a virtual or live (should that option become feasible) workshop on my Speaking page. Feel free to reach out to AudreyDumentat@gmail.com for more details. 

  • Three Ways to Leave Wall Street
    April 16, 2020   Blog Posts   No Comment

    Wall Street is no longer a roller coaster, it’s a runaway train heading over a cliff. How are you feeling about losing at least a fifth of your retirement savings? Or thousands you diligently tucked away for your kids’ education?  Your investment adviser is no doubt telling you to stay the course, think long term, ignore the fluctuations, remember the market always comes roaring back.  But things could also get Read more

  • A Dozen Asks for Your Governor
    April 7, 2020   Blog Posts   11 Comments

    Everyone knows that the three, multi-trillion-dollar stimulus bills passed by Congress fall way short.  For most local businesses—the lifeblood of our economy—these bills offer too little relief, too late.  I’m hopeful though that the states (and maybe, in some places, counties and cities) can rise to the challenge of saving these businesses.  Now is the time for your governor and state legislators to think big. I’ve consequently prepared this long Read more

  • Comparative Resilience: 8 Principles for Post-COVID Reconstruction
    April 2, 2020   Blog Posts   8 Comments

    This past weekend, a bright Georgetown undergraduate asked me how I squared my passion for localization with the theory of comparative advantage.  For economics newbies, he was referring to David Ricardo’s argument that every community should find one product to specialize in and trade for everything else.  I gave my usual response that the theory is great—except for the thousands of goods and services that are cheaper to produce locally—but Read more