From [email protected] <[email protected]>
Subject My giving increased 800% because of RG
Date May 22, 2023 7:15 PM
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My RG story is, in many ways, a pretty recognizable one. When I attended my first Making Money Make Change in 2019, I was giving away about $5,000 a year. Now, nearly four years later, I have pledged to redistribute $45,000 in 2023, or a quarter of my inheritance. I needed my phone to do the math-- but that’s an increase of 800%!
Without a doubt, Resource Generation and its culture of relationship-building, deep accountability, and political education has been my fuel.
(tl;dr Pay your membership dues! By funding Resource Generation, you’re increasing the amount of hoarded $$ that’s moving to frontline organizations!)
In other ways, though, my RG story is an unusual one.
Unlike so many other rich kids, I’ve had full control over my inheritance since I turned 18. My parents encouraged me to develop my own relationship with our family’s financial advisor, who was, at the time, stewarding $250,000 in invested assets that belonged to me. Moreover, my parents were relatively supportive of my intention to give a bunch of money away. In other words, I haven’t had to face so many of the barriers to redistribution that often exist for young people with inherited wealth, and that so many of you all must contend with.
And yet—there was still one barrier I found nearly insurmountable to moving my money in alignment with my values: navigating my financial advisor. Whenever I spoke to my advisor (an activity I avoided at all costs), I would leave the conversation feeling shaky in my convictions. I didn't know anything about finance! Was I being naive? How much did I need to be saving for retirement? How much was enough?
In retrospect, my avoidance had little to do with my individual advisor and everything to do with a complex system that is designed to be confusing, to perpetuate the status quo, and to normalize the hoarding of wealth.
With the support of rad comrades, many of whom I met through Resource Generation, I decided to lean in instead of away. Inspired by RG’s Transformative Investment Principles [[link removed]] (designed to work in tandem with RG’s giving guidelines) and the corresponding call to get our money out of extractive institutions that “use the money to make money” and into the regenerative, values-aligned solidarity economy, I stopped avoiding my financial advisor. And then I kept going.
Last August, I skilled-up and began working for an investment adviser so I could help myself and others navigate this-tricky-by-design system in pursuit of a better, more liberated world.
The work of redistribution and divestment is hard-- for so many different reasons. I am giving $4500 (or 10% of my pledged giving) to Resource Generation because of the meaningful work they’re doing to provide the support, tools, and education necessary to redistribute and divest/reinvest (shout-out to the Solidarity Economy/Transformative Investment Principles (SE/TIPs) working group!!)
Join me! There is a week left in RG’s spring redistribution pledge and membership drive! Before it ends, I invite you to, by May 31, become a dues-paying member at 5-10% of your overall giving [[link removed]] - or renew your membership if you haven’t yet.
In solidarity and with the hope for a more just world,
Anna Finklestein
Join/Renew Today! [[link removed]]
Anna, white wearing a lilac button-up shirt and a purple flower in their hair, next to a red cinder block building [[link removed]]
We encourage you to consider joining RG as a dues paying member [[link removed]] , and if you would like to get involved in your local chapter, please fill out this intake form [[link removed]] !
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