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Local Dollars, Local Sense: How to Shift Your Money from Wall Street to Main Street and Achieve Real Prosperity (Community Resilience Guides)
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Local Dollars, Local Sense: How to Shift Your Money from Wall Street to Main Street and Achieve Real Prosperity (Community Resilience Guides)

4.11 of 5 stars 4.11  ·  rating details  ·  76 ratings  ·  20 reviews
A Resilient Communities GuideAmericans' 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 ...more
Paperback, 249 pages
Published February 6th 2012 by Chelsea Green Publishing
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Contains a really interesting discussion of the systemic reasons it is so much easier to invest in giant globalized companies than in a small business down the street. Also explains the argument for economic localization in a way that makes more sense to me than any I've heard before. An interesting and enlightening read.
Tom Randell
I read this not knowing it was by an author I had already read, yeah I can be that obtuse, however what I found is that the detailed delivery of message the message grabbed me just as firmly from this read as Michael Shuman's earlier book.

The guy is consistent and readable. If you care about your local community and building sustainable communities, read Michael Shuman's book Local Dollars, Local Sense. My copy has notes in the margin, sticky notes, and a read worn familiarity, that comes from
Jenn Raley
The major strength of this book is the broad survey of investment opportunities outside the global casino that is Wall Street. Shuman gives detailed examples of ways in which everyday people can invest in local and regional businesses and other endeavors. Many of the stories can be seen as either a challenge or a discouragement, though, as the author is careful to explain how many of these opportunities are outside the regulatory mainstream, and therefore require a certain amount of finagling in ...more
an intriguing book on the options for investing at home, in local "main street" businesses and not feeding the trolls of wall street - the large, multi-nationals that kill local business, jobs & investment. there seems to be a great deal of American money tied into stocks and bonds of these multi-nationals while promising that they're creating jobs, when in actuality, they're not providing living wages and are actively killing jobs and removing opportunities in our communities.

investing loca
This book is full of really exciting investment alternatives that circumvent Wall Street and allow you to invest in your own community, but I found myself getting increasingly discouraged as I read, because aside from moving my short-tem money to a local bank, which I intend to do ASAP, there were few options that I could take advantage of, either because they aren't currently available in my area, or due to the fact that I'm an unaccredited investor.


Then, I came upon the section at the very
Aug 06, 2012 Du rated it 4 of 5 stars
Shelves: planning
This book delves into the idea that we as a culture/society/nation are encouraged to invest our money in order to build wealth and save for retirement. The author encourages these ideas and then takes them one step further and says that while you build wealth you can assist your local economy.

How do you do this? Well, not only should you buy this and other books at a local retailer, but you can invest your money locally. You don’t need to go see Wall Street to earn that income and create that s
A good way to achieve real prosperity in America is to invest money in local businesses, instead of the multi-national conglomerates of this world. This book shows some ways to do it.

First of all, forget about the usual method, that of buying shares in a local store. The vast majority of investors are "unaccredited," and for a local store to legally offer shares to the public requires an accountant, a lawyer, and several thousand dollars in expenses. A way around that is for the business owner t
This is a well written, accessible general survey of ways to invest in local businesses and organizations. If you are uncomfortable investing in Wall Street, either philosophically, or because you believe it's too volatile or risky, there are options. Many people are uncomfortable about local small business investing, because they believe it's too risky, but the author says that isn't true. The biggest hurdle is federal and state securities regulations, which limit the options of the small inves ...more
Dec 27, 2012 Jon added it
A fine look at how investing in local economies helps build local communities. Obviously there are limitations to this idea (e.g. I'm here on Goodreads, which isn't a company in my local community), but it's good to at least be aware that there are tradeoffs when we only support non-local corporations. I just wish that there were more academic articles out there with data on locals. This book detailed some studies, but not as much as I'd have liked.
Carol Johnson
I loved the idea of this book--investing in the local economy, but I found that most of the ideas were only available only to accredited investors--a term I had never heard of before--people who earn more than $200,000 per year. Many of the new investing options presented in the book have stalled due to the current econmic climate, as the author clearly acknowledges.
Very good book on opportunities to invest locally. The last chapter on investing on
efficiency of your home uses 16% return annually to come up with 35K investment that is what you
would spend on average to make back your investment.
WOuld like to investigate this further.
Very readable book, with some terrific ideas for local investing. Its only real flaw, in my view, is its disregard for the legitimate basis for the investor protections in the federal securities laws. It's not that these laws are bad laws, but times have changed.
The pathway to a more democratic, sustainable society is through local financing.
Needs to be read first once through then a person can delve deeply into one or more of the strategies that seem to work in your community for local investing. Excellent information and details. Not a "feel good and get rich quick" book.
An interesting, if scattered, overview of how financial tools relate to local businesses and how they could focus more on local business development.
Dec 07, 2014 Gail added it
I heard this guy speak at the Florida Small Farm Conference. I was excited to learn his stratgies for true local economies.
Interesting book. Ideas that are meaningful regardless of political leanings...
May 20, 2012 Jim marked it as to-read-shorter-list
Got my copy today, and it looks really good!
A lot of jargon...
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“There’s a tendency for those unfamiliar with cooperatives to look down on them as the leftovers of the mainstream economy, implying that if these ideologically driven people simply reorganized themselves into “normal” private companies, they would be more efficient and productive. In fact, just the opposite is true: Cooperatives often enter into economic activities that private businesses will not take on. The most fertile period of cooperative growth was during the Great Depression. Rural electric cooperatives spread across the American plains when it became clear that other investor-owned and municipally owned utilities were uninterested in wiring up sparsely populated regions. Credit unions, as we’ll soon explore, have seen an upsurge during the recent financial crisis.” 0 likes
“an example the Sacramento Natural Foods Co-op (SNFC). We have approximately twelve thousand members, and the median income for a family of four in Sacramento County is $52,000. That means that SNFC members earn $624 million per year, over half a billion dollars. We know that people at that income level give 3 percent of their gross income to charity, which means they give away $18.7 million. Who do they give it to? They give it to people that ask them for money.” 0 likes
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