Hello SOTGC community,
As a successful investor, I have the ability to donate a portion of my income every year to non-profit and charitable organizations. The more money I earn, the more I donate. Over the past several years, I have donated to Access Youth Academy, the San Diego Women’s Foundation, my stepdaughter’s school, and various performing arts organizations.
If you think like I do, you may have wondered if the money you donate is being used efficiently and effectively. It is hard to tell sometimes what the real impact of your money has on an individual or family.
I developed a passion for investing (and now I teach other women how to become successful investors) because I saw it as way to ensure that I would always be self-sufficient and wouldn’t have to stay in a job I hated or marry a man for money instead of love. I wouldn’t be here today if my grandfather hadn’t invested in ME. I worked so hard in high school and was fortunate to be accepted to the Wharton School of the University of Pennsylvania. Even back in 1986, the cost of attending this Ivy League school was $24,000 per year. With grants, loans and a work-study job, I had two-thirds of the cost covered; my grandfather paid for the rest. I owe my financial success to my grandfather who invested $8,000 per year over four years so I could get the best available education in finance and become an independent woman.
My grandfather’s act of giving to me wasn’t a handout, it was an INVESTMENT. That is the guiding force I use in my philanthropy. How can I reincarnate his act of giving into my investing in other people, primarily women?
I recently discovered a San Diego-based non-profit called Women’s Empowerment International (WE) that provides microfinance loans (nearly 8,000 to date) and business training to women in Mexico, Honduras, Ghana and San Diego – so they can start businesses and work their way out of poverty. These loans are often as little as $50 to $100 and more than 98% of the loans are paid back…with interest. I am so jazzed about WE that I have decided to donate half of the profits of my new book, “Empower: Women’s Stories of Breakthrough, Discovery and Triumph” to WE. In fact, if you live in San Diego, I invite you to attend my book launch party on April 23 and meet women who have been recipients of WE loans as well as founders of the organization. Click here for more information and to RSVP: http://events.constantcontact.com/register/event?llr=sjwkzelab&oeidk=a07e78wv0dya662423f
Empower contains inspirational stories of 25 women who overcame life’s greatest challenges in order to start their own businesses, raise money for research for a child with rare disabilities, recover from a debilitating stroke, travel the globe to help others in need, or rebuild their lives after a father’s suicide. I am honored to be one of the 25 authors of this book and hope that my journey to financial independence through investing will inspire and motivate other women to also prosper. Please consider purchasing a signed book at the event and help fund another woman’s path to financial independence.