A date has been set for a discussion of the book Local Dollars, Local Sense: How to Shift Your Money from Wall Street to Main Street and Achieve Real Prosperity–A Community Resilience Guide by Michael Shuman. Peg Johnston put out a call for people to read this book “because the missing piece for development of Binghamton is often the lack of capital–there has to be ways for ordinary people to invest locally.”
This will be the kickoff for a new community gathering, the Binghamton Cabaret, styled after the Science Cabaret. Topics relating to Binghamton development will be offered for open discussion, regularly on the Third Tuesday of the month (with changes for holidays) at the Lost Dog Cafe Violet Room. David Sloan Wilson of the Binghamton Neighborhood Project and David Currie of BRSC invite the public to the Binghamton Cabaret.
Participants may have dinner at the Lost Dog ahead of the meeting or just attend the meeting at 7:30pm
Book Description from Amazon: (but buy locally from RiverRead Books!!)
A Resilient Communities Guide
Americans’ long-term savings in stocks, bonds, mutual funds, pension funds, and life insurance funds total about $30 trillion. But not even 1 percent of these savings touch local small business-even though roughly half the jobs and the output in the private economy come from them. So, how can people increasingly concerned with the poor returns from Wall Street and the devastating impact of global companies on their communities invest in Main Street?
In Local Dollars, Local Sense, local economy pioneer Michael Shuman shows investors, including the nearly 99% who are unaccredited, how to put their money into building local businesses and resilient regional economies-and profit in the process. A revolutionary toolbox for social change, written with compelling personal stories, the book delivers the most thorough overview available of local investment options, explains the obstacles, and profiles investors who have paved the way. Shuman demystifies the growing realm of local investment choices-from institutional lending to investment clubs and networks, local investment funds, community ownership, direct public offerings, local stock exchanges, crowdfunding, and more. He also guides readers through the lucrative opportunities to invest locally in their homes, energy efficiency, and themselves.
A rich resource for both investors and the entrepreneurs they want to support, Local Dollars, Local Sense eloquently shows how to truly protect your financial future–and your community’s.