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Divesting

Divesting

Whenever you add money to your bank account, it doesn’t just sit there. Your bank lends your money to industries and projects with the intent of making a profit. Many banks (and all the big name banks in particular) regularly invest OUR money into the fossil fuels industry, thereby funding the continued mining and burning of oil, coal, and gas.

To give you a scope of the problem: In 2021 alone, Citigroup, Wells Fargo, Goldman Sachs, and Bank of America spent a combined $137 BILLION on fossil fuel projects.

There’s a solution, and it’s divesting. Intentionally putting your money in places that don’t fund the fossil fuels industry is a small lifestyle tweak that will do loads of good for the planet.

Today I speak with Certified Financial Planner Gary Grewal about finding the right bank or credit union that’s aligned with your values.

 

Here’s a preview:

[2:30] What banks actually do with your hard-earned money

[6:10] The big bank worst offenders

[14:30] How to find a better bank

[17:30] 3 reasons why you may want to consider your local credit union for your banking needs

[24:00] Gary’s personal and professional thoughts on Aspiration

 

Resources mentioned:

 

 

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Big banks invest our money into the fossil fuels industry, thereby funding the continuous mining and burning of oil, coal, and gas. On this episode of the Sustainable Minimalists podcast: how to find a better bank or credit union that's aligned with your eco-conscious values.

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How To Let Stuff Go

When we let go of what doesn't serve us, we remove weight that holds us down. On today's show we turn to Zen Buddhism for wisdom on letting go of anxiety about the future, grudges, stuff, dead relationships, and more.

Here's a preview:

[4:00] Insanely anxious about the future? (Me too!) Don't spend your energy worrying; do this instead

[12:00] Think of decluttering not as throwing stuff away; think of it instead as setting your stuff (and yourself!) free

[19:00] How to let go of lost friendships and relationships, straight from the mouths of Buddhist monks

[26:00] Holding a grudge requires vast amounts of energy so become skilled at forgetting

[34:00] You're going to get to where you're meant to go, so there's no need to second-guess your choices

 

Resources mentioned:

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