Episode 70 - Wealth In the Hands of Woman Can Change the World: Thanksgiving Episode
Erin Austin: Uh, so we will here at think beyond IP, we believe in creating an economy that works for everyone with an emphasis on getting more wealth in the hands of women. So is there an organization or person you'd like to give a shout out to who's doing some great work in that space.
Michelle Calcagni: Yes, I'm going to break through as I'm going to mention two.
One is the YWCA of Metropolitan Chicago has some great stuff going on with their small business entrepreneurship program. And the things they're doing to help especially recent immigrants and people in underserved communities in the Chicago area because the reality is we need jobs in the areas of the city we do.
It's not all the loop. I love what they're doing. Another one that I really like is called past torch for women, which is a fabulous name. They're based out of Indianapolis, so they're still pretty localized, but they really are focused on empowering women of all ages to get mentoring throughout their career journey, which I think is really great because I've been a mentor myself and it's been delightful.
It's amazing talking to young women, especially young women of color who are graduating from college and figuring out what they want to do and hearing about their experiences. But there's, I love the idea that the mentoring goes on throughout because I think that is one thing that's really hard. It's very easy to read a book like Lean and go find a mentor.
But I love the idea that find a mentor wherever you are in your journey because there's going to be somebody to help you. So I think they're, I think they are on the cusp of doing some really remarkable things as they just recently got some new leadership.
Erin Austin: So finally, we talked about the mission that we both share the mission to help, uh, women and get more hands in the wealth Wealth in the hands of women.
And so I'd love to find out if there is an organization or a person who's doing work that supports women in particular, helping them, uh, become more independent and economic justice that you'd like to share with the audience.
Staci Hauschild: I have been an advocate for, and a. Follower of Planned Parenthood for America for years, and I, I'm sure most of us, if not all of us are familiar with that organization, but, um, that is an extremely important 1, 2.
To me, and I mean, especially for my business and the values that we, that we lead with.
Erin Austin: Yeah. I mean, who would have thought how, uh, you know, it's always been important, obviously, because it's not just for, you know, all sorts of reproductive health care is always been important, but that we'd be where we are today and defending its very existence is, is sad to me.
And so I do hope that, um, Yeah, that it will make it on to people's contribution list. Very important work that they're creating and more equitable economy is something that is very important to us here. And so is there a person or organization that is doing work in this area that you'd like to share with the audience?
Christy Cook: Oh, absolutely. So, um, uh, the organization that I want to talk about is called Bandar in Baloo. And it well, yeah, in the show notes, everyone. So yes, awesome. So you'll see the website and it's Nick. I love the organization for many reasons. One. Uh, the founder is is also a former boss, so I know her very well and and I know what she's trying to accomplish and do.
So it's just really great. But her name is Deborah Hecker and she founded Bandar and Baloo and she founded it because she wanted to do the organization really does two things. One. Um, they there's waste reduction component. And what I mean by that is, um, 85 percent of all clothing in the U. S. either goes to the landfill or is incinerated.
It's huge. So, um, and what she does is repurpose. Sorry. So, sorry. These are a traditional Indian and other culture garment that is worn and she takes these garments and with a group of volunteers, they create them Animals and jewelry and purses, just really cool things that are repurposed that you can buy.
And it goes in support of improving graduation rates for girls in India, because we know that. If girls succeed, community succeed, family succeed, they're higher levels of thriving in the world. And so it's a great organization. Um, I would just encourage everyone to go check it out.
Erin Austin: But I want to, before we leave, you know, we, um, believe in creating economy that is, works for everyone.
And as part of that mission, I like to have people share organizations that you admire that are part of that journey of creating economy that works for more of us.
Shoshanna: My, and I'm biased, I've already said this, but my very favorite one right now is Black Girl Ventures. They are a nonprofit organization that is, um, uh, corporate, you know, like housed in DC.
Um, the founder is Shelly Omolade Bell. Uh, they help black and brown female business owners, uh, get access to funding. Black women are starting businesses at six times.The rate of any other business starters, but get less than 1 percent of funding. And so it is a, it is a nonprofit that I love, but it's also something that really, really matters to me.
Women, black women having access to funding to be able to, I mean. You all got some great ideas and I'm excited for what she's doing.
Erin Austin: So at Think Beyond IP and the Hourly The Exit podcast, we believe in creating an economy that works for everyone. And so we love to give shout outs to organizations and people who help create a more equitable economy.
Do you have an organization that you'd like to share?
Kylie Hodges: I do.
Um, I think I share, I'm trying to remember which one I shared with you earlier, but I know that I mentioned the TF Foundation. Yes, she sure did. Okay. So, um, I know the founder, her name is May Muna. Oh, I always just call her Maymuna. Maymuna, hey soon.
Oh, Hussein Kattan. Oh God, if Maymuna's listening, I'm so sorry if I just butchered your name. But TIA is all about creating communities of support and um, organizes access to economic opportunities for refugees or immigrants or displaced indigenous communities.
Erin Austin: You know, we believe in creating a more equitable society.
Uh, and having an economy that works for everyone. And so is there an organization or person who's doing work in this area that you'd like to share with the audience?
Patty Block: Yes, for many years I have supported Girls Inc, which is a national organization and they have chapters in major cities. And the idea is to, to help typically underprivileged girls, but I'm In particular, girls that are entering their teenage years and need that additional support to think differently, behave differently, and to grow up into women who are capable and well educated and can influence those around them.
So Girls Inc. has been a favorite charity of mine for many years.
Erin Austin: Wonderful of my podcast and my consulting business is to help create a more equitable economy, one that works for more of us. And so I love for people to share a personal organization who's doing work in that space that they'd like the audience to find out more about.
Cathy Sikorski: My, my favorite. I'm on the board of something called Nancy's house and Nancy's house breaks the isolation of caregiving. And what we do is, although we have lots of small programs that you can join in through Facebook, the Facebook group, just look up Nancy's house and you can come in for group counseling twice a month.
That's free. Um, you can't, we have, we have Nancy's house. Our main mission is to break this isolation by having retreats that are usually three days long, three days, two nights in a five star bed and breakfast where we provide counseling, yoga, massages, and there's. Only 10 people. So you actually build a community right there of people who understand what you're going through.
Um, it is a wonderful, wonderful organization. Yeah.
Erin Austin: Oh, that's fantastic. Thank you for that.
Laura Posey: And so she was going to, she was trying and, and people just said, well, you know, We'll just wait for you to retire and then we'll just go get it, like, you know, yeah. So I didn't mean that as a slam that I wouldn't be where I am without all of my IP, right?
I mean, that that's, what's gotten me here. I mean, that's,
Erin Austin: that's how we get out of the selling our time business is by creating these things that yes, can. Can generate revenue without us. Yes.
Laura Posey: All right. Yes. That's that's the key is the generate revenue. I mean, people want to buy your cash flow. And if you are 100 percent responsible for your cash flow, there's when you retire, there's, there's no cash flow.
Exactly. Exactly. Unless you want to become an employee. Yeah.
Erin Austin: All right. So, uh, we. You know, one of our missions here is to create more wealth in the hands of women to create an economy that works for more of us. And so I love to introduce the audience to organizations who are doing great work in that area.
Is there one that you'd like to share with the audience?
Laura Posey: Yeah. There's a group here in Richmond called safe Harbor and they help women who are in abusive relationships. Safely get out with their kids. Um, they help set them up in new careers, new houses, um, absolutely everything they need. Mm-Hmm, , um, they take care of all the legal work as well.
Wonderful. To make sure that they, they have all the protections that they need and, um, they're just great organization.
Jaclyn Mellone: How much content I was creating and sharing was, was really heavy and stressful and not fun. And what this highlighted was for me, it's all relationship energy, which is, was no surprise, but seeing it.
Mapped out like that was like, Oh, okay. So when I'm in flow is when I'm with people. And so whether that's leading a team or working with coaching clients or creating partnerships, going out and connecting people, right. That is flow for me. And that's easy. And so what I can do. And when I'm focused on those activities, I can shrink time because it's, because it's so natural and easy for me.
I can do so much more than the average person when my energy is focused on those things. Right. Where for me to take, for me to write a blog post or create a YouTube video or something, right. It would take me so much longer than someone who that was their flow. Right. And so that's really what Wealth Dynamics is all about is like, okay, how do you, where are you in flow and how can you double down on that or quadruple down on that?
Right. Cause that's how you're going to create the most wealth is if it's revolving around an area where you're in flow. So I had the idea for the agency basically because I'm like, okay, well, if I'm in flow when I'm Leading a team. And when I'm working with people and connecting people, then this allows me to do all of those things are wonderful.
Yes. So, um, but you know, building the team, having the right people, putting our systems and processes in place, getting all that it's, it's a lot, right? And so having. The growing pain, especially because we've brought on so many clients so fast, like the growing pains of it. It's, you know, I'm not, I'm definitely still very involved in the business and, and working way more than I've been working these past several years.
So that has been an adjustment for sure, but being able to, what really. Excites me and what lights me up is that our growth is directly tied to, to funding the people who are creating and who are leading communities and, and caring about these different causes and movements and the ones that were stepping up to the mic, like you are and having podcasts and platforms where.
They're sharing knowledge and inspiration and leading, right? And, and our go to gal media, our clients on that side are all women. And so what's really exciting is opening up this whole new realm of revenue for that group. And knowing that the more. Money we make them, that's how we grow, right? Cause we're getting a percentage of that.
And so that having that aligned in that way and really seeing the impact of the work that we're doing and how it's directly impacting the work that they're able to do as a result is really inspiring. And that's where I see, okay, we can, you know, being able to grow this team eventually where it doesn't revolve solely on, on me and my brain and my own intuitive coaching.
Right. But being able to really systemize and take the processes of, okay, how are we doing this for clients and bring other people on create, you know, really leaning into the IP side of things more to be able to, to scale this service based business and bring on the right people that can implement it and yeah, I can stay in my zone and, and we can keep growing in and making an impact in this industry.
Erin Austin: Yeah, I mean, that is a great example of how it's not about creating passive revenue. I mean, leverage is about putting in effort, you know, that force up front, but you're creating that lever that helps you magnify the output. And that is the, you know, the long term benefits of putting in all this work up front, but that will re reap long term rewards and, uh, and multiply.
Your impact as well. So that's, that's the beauty of that. So I love that. Absolutely. So thank you so much. So as we wrap up, I have a couple of final questions for you. One, as you know, we love to work on creating an environment that works for everyone. And we love to share inspirational organizations that are doing work that support women and help create economy that works for more of us.
Is there an organization that you'd like to share? So as we wrap up just a couple of questions, what did you know we believe in creating an economy that works for everyone here. And I'd love if you have a 501 c three organization or an individual who's doing great work in that area that you like to share with the audience.
Mary Ann Pruitt: Yeah.
So I, um, I love Multiple
organizations and multiple. I'm a big believer that we as entrepreneurs should be looking at, uh, benefiting nonprofits. Women deliver is 1 that I really like. I'm a big person and I'm a big believer in making sure that we give back to younger generations as well. And I'm a big believer in.
Building up young girls in entrepreneurship. So 1 thing to just that I like to pipe as well. Um, like, I try, I volunteer to teach a class every once in a while of, uh, young students that entrepreneurship isn't something that they've ever thought or been taught about generationally. My generation. Wasn't really taught that you can work for yourself.
We weren't really taught that we could pick our path, right? We were not taught that. And so I like to go in and I like to teach young people that yes, you can pick your path, especially young women. You are okay. If you want to be that CEO, you can start thinking about that now when you're 12 and that's okay.
You can start thinking about it in that sense. So I'm a big believer in that. I'm a big believer in those. So nonprofits and as female entrepreneurs, we need to be giving back to nonprofits on the regular. So, yeah, sure. Well, we do. We give away more of our wealth than, uh, the other gender. So, yes, yes, we do.
And we're very generous. We are generous as a, as a gender. We are, we are generous.
Um, and I think in statistically, we are more generous.
Erin Austin: So as we wrap up, we have a couple of final questions. One is, as you know, we believe in creating an economy that works for everyone. And so I'm wondering if there is an organization that you'd like to share that is helping create more opportunities for people.
Erica Holthausen: Yeah, this is such a hard question because there are so many organizations locally where I am that I absolutely love, but I'm going to choose Start Fresh. Start Fresh Connecticut is an organization in New London, Connecticut, and it helps resettle refugees. So I think it was not even a year ago, several refugees from Afghanistan were brought to Connecticut.
This organization helped settle that family and they help get the kiddos into school, get workforce training for mom and dad, get English language skills training for anybody who needs that. They find housing, so it's just, it's this wonderful organization that looks at the family holistically. It's not just like, Hey, you're here.
Cool. And like, dump and run. It's an investment of at least a year, but often longer than that to help the family really get settled and get what they need.
Erin Austin: Wonderful. We will have links to their organization in the show notes. As we mentioned, creating a more equitable economy is one of the goals of the Hourly The Exit podcast.
And so I'd love to introduce the audience to other organizations that are helping to do that.
Rochelle Moulton: Oh, yeah, there is. We were talking about this before the show. So the organization is called Hero Women Rising. It's based in both the U. S. and the Congo. And the founder of this is a woman named Nima Namadamu, and I actually heard her speak in Los Angeles, I think maybe five or six years ago when she was here.
And I had goosebumps. I had tears. She was one of the most amazing women I've ever had the pleasure to listen to and certainly to meet. She has a number of mobility issues. And she is supporting women in the Congo. Now, the Congo is a place that is rife with rape, not just of women, but also of the earth for the valuable metals that go into a lot of technology products.
And she created a number of different ways for women to band together. And learn how to use a computer and how to create businesses and create income for themselves. So they could get away from some of the problems that are endemic in a very difficult part of the world. And she would travel between Congo and the U S to raise money.
And it's not easy for her. Many of us can get on a plane and not really think about it. She had a lot of accommodation issues and she was so powerful and strong and giving. And yeah, I just get goosebumps just thinking about it. So I heard her speak and my husband's, one of my husband's clients was one of the sponsors.
And he said, Oh, would you like to meet her? And my first reaction, no, no, I couldn't. I couldn't. And he's like, come on, come on. And so I went up and met her and we had a brief chat.