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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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Saying No To New

New things are everywhere—and they’re causing us to disconnect from what we value most.

In a world that constantly tells us that new is better, our relentless pursuit of material wealth is costing us money, time and happiness. Worse, when we define ourselves by what we own rather than who we are, we reduce our lives to a single, superficial dimension.

On today’s show, New York Times journalist Eric Athas offers advice for stepping away from the cycle of constant buying, saying no to shallowness, and discovering the right kind of “new” in our lives.

Here's a preview:

[8:00] We're wired to become bored the familiar, and other truths to newness

[16:00] Consumption has costs! (In fact, it robs us of our finite attention, dilutes our capacity for genuine enjoyment, and misaligns our pursuit of happiness.)

[26:00] Musings on the ways in which overconsumption leads to superficiality

[37:00] Put down the trinket! Redefining what it means to experience novelty, growth, and freshness without relying on a transaction

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Hello there, I’m Stephanie. I live a crazy, beautiful life as a full-time wife, blogger + mother to two spirited daughters. I’m on a mission to simplify eco-friendly living so as to greater enjoy life’s sweeter moments.

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