I like to help people but I don't believe in hand-outs. You give a free meal to the poverty-stricken, they'll be satisfied for a day and expect to be GIVEN a free meal everyday. You TEACH the poverty-stricken to make money, they will empower themselves earn a meal.
So how can you help without giving out money? Invest in people who are motivated in helping themselves.
There's a concept called microloans. You make small loan amounts to entrepreneurs to help jump start small businesses in 3rd world nations. Most of these entrepreneurs are women trying to earn an honest living for their child's education. Investing in women at the poverty level makes tremendous sense since they have more at stake with their families. Read one real example story in Cambodia
There's this company called microplace.com (owned by Ebay) which makes it REALLY easy to make these investments.
You can invest with as little as $100 and make a difference. You will most likely get a financial return on your investment too. They range from 1% to 3%. It's not much but think about it, what's $100 sitting in your bank account doing? Making the same $3 a year? Might as well help someone who really needs it rather than a bank CEO's paycheck.
The best part is that it doesn't affect you much but it can greatly change another person's life. Everyone deserves a chance at life, right?
So please, at least take the time to learn about the process at http://www.microplace.com/
Wednesday, June 4, 2008
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