EP 33 Spend Locally: An Empowering Choice

When we feel powerless we MUST look at what power we do have. We have the power of what we do, every single day, even if just a little, where we spend our focus, our time and our money. 

5 BIG Economic Benefits:

·       Local Multiplier Effect

·       Increased Tax Revenue

·       Job Creation and Retention

·       Support for Local Businesses

·        Increased Community Wealth

3 amazing Social Benefits:

·       Stronger Community Ties

·       Community Involvement

·        Support for Local Causes

2 important Environmental Benefits:

·       Reduced Carbon Footprint

·        Shorter Supply Chains

 Average Multiplier Math means money is re-spent 3 to 7 times over again in a community!! This means every dollar spent locally can add $2 to $6 dollars as it is re-spent in the community. If that money was spent online or out of the community it never gets into the community. It goes to other places and does not benefit you.

The multiplier effect occurs because local businesses are more likely to spend their revenue within the community as well. when a consumer spends $100 with an online retailer or chain store headquartered elsewhere, most of that money immediately leaves the local economy.

Evidence clearly shows dollars spent locally have a significantly greater impact on a community's economy compared to non-local spending. With multipliers ranging from 3x to 7x, even a small percentage of consumer spending to local businesses can generate substantial economic benefits for a community. 

4 things to do right away:

1.     Buy locally when you can. 

2.     Trade, share and sell locally. Recycle.

3.     Buy resale, thrift or used furniture, appliances, clothing. 

4.     Go out and drive around and really SEE what is in your area, share info, offer addresses and spread the word about local places. 

Without community we live in dark, and often problematic places. With community we have neighbors, better systems and a kinder society. Be mindful, be kind, think about your purchases it is a LOT easier than you think. Until next time throw off the lines that are holding you back. Even one small change at a time can move your world into a better happier more fulfilling place. 

Links: 

https://sustainableconnections.org/why-buy-local/#:~:text=Locally%20owned%20businesses%20make%20more,%2C%20habitat%20loss%2C%20and%20pollution.

https://amiba.net/local-multiplier/#:~:text=The%20Local%20Multiplier%20occurs%20when,at%20a%20non%2Dlocal%20company.

Episodes 17 or 29 on hoarding