Slow Money

Slow Money by Woody TaschFriends of Slow Money recently challenged themselves to raise $25,000 in increments of $5.  This means that a mere  5000 people needed to make a donation.

While it would be great if 1 person donated $5000, and I doubt they would turn it down, I think there is another point to the exercise.  The challenge gave the group an opportunity to show a few things.

1) That there are at least 5000 people invested in the idea of Slow Money.
2) Just a little bit of money when combined with others in the community can accomplish great things.
3) With a 7 day time limit, this has the urgency and potential to build momentum.  Something which can be a struggle.

While they did not achieve their goal in terms of numbers I think that the push for members and outreach was positive because for very little effort and resources on the part of the organization they got the word out to more people about Slow Money.

For those who are not familiar with the concepts championed by the Slow Money Alliance, the most complete description can be found in Woody Tasch’s book Inquiries into the Nature of Slow Money.  (Follow this link to find a locally owned bookseller in your community if you are interested in picking up the book.)

For those who are interested in the short version I think this sentence from the principles sums it up the best

“In order to enhance food safety and food security; promote cultural and ecological health and diversity; and, accelerate the transition from an economy based on extraction and consumption to an economy based on preservation and restoration…”  For more, you should certainly check out the Slow Money Alliance website.

While I like the idea of Slow Money, have donated and become a member, the one thing I wish were more clear on the website and in the presentation of the concepts is how to do this and what it really means.  Is my membership money going to eventually go to giving out loans or just general support of the organization?  I get most of it, and like what I see so far, but the nerd in me want to see more information on the website in a digestible form before I buy the book or run around wall street with a cardboard sign.

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