How to Beat a Down Economy and Revive Main Street
Michael H. Shuman, an economist, attorney, author, entrepreneur, and leading visionary on community economics joins Enterprise Radio. His latest of 10 books is “Put Your Money Where Your Life Is: How to Invest Locally Using Self-Directed IRAs and Solo 401(k)s”.
Listen to host Eric Dye & guest Michael H. Shuman discuss the following:
- What exactly is local investing? And how is it good for my community? What are some examples?
- Since so many local businesses fail, isn’t local investing too risky? And likely to deliver poor returns?
- How can ordinary people invest their pension savings in local business? What exactly are the Do-It-Yourself Accounts you mention—the self-directed IRA and solo 401k? Which tool is better for me?
- You begin the book by suggesting that if you had known about the DIY Accounts a decade ago, you would have saved almost a $100,000. What exactly happened?
- Where can I find local investments? Who should I work with?
- Various communities are really struggling right now. How can someone mobilize friends and neighbors to think seriously about local investing?
Michael H. Shuman is an economist, attorney, author, entrepreneur, and leading visionary on community economics. He is the director of local economy programs for Neighborhood Associates Corporation, a nonprofit affordable housing company, and an adjunct instructor at Bard College’s business school in New York City. A renowned local-economy advocate, he is the author of 10 books including The Small-Mart Revolution; Local Dollars, Local Sense; The Local Economy Solution; and Put Your Money Where Your Life Is: How to Invest Locally Using Self-Directed IRAs and Solo 401(k)s.
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