Local Investment Strategy #4: Pay Your Mortgage Faster

(This blog is part 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.) —– In my last blog, I argued that if you have any significant savings to invest (say $50,000 or more),

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Local Investment Strategy #3: Become a Homeowner

(This blog is part of a 12-part series on 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.) The COVID economy is riddled with bad news, but there is one bright spot: Interest rates are at a historic low. 

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The 10 Dumbest Phrases Used By Economic Developers

ED.  Everyone’s got it, and no one wants to talk about it.  I’m referring, of course, to the wonderfully loopy world of economic development.  While no blue pill can cure it, you might be able to help. Below are ten common phrases used by economic developers that suggest they are on the wrong track. If

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7 Ways to Grow Your Economy Now

A tidal wave of red ink, precipitated by COVID-19 shutdowns, is now drowning towns, cities, and counties across America. Massive cuts in services loom ahead, as do huge tax hikes.  Localities face unprecedented challenges in rebooting their economies. Where I live, in Montgomery County, Maryland, the County Executive recently empaneled about twenty businesspeople and economic-development

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Three Free Events in the Next Two Weeks

If you are going stir-crazy spending your summer indoors, I can help. Here are three events, dear friends, I hope you will consider attending. All local-economy related. All free. All filling up fast! First, I will participate with my dear friend Judy Wicks this Thursday, July 9, at 2 pm EDT in a conversation sponsored

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Local Investment Strategy #2: The People You Love

(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

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Local Investment Strategy #1: Invest in Yourself

(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

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When I’m 64…

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

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Adopt A Local Business

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

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Public Procurement: The Untapped Stimulus

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.

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8 Ways To Avoid Becoming A Zoombie

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

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Rebooting Your Community After COVID-19

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. 

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