Everyone knows that it is important to be careful with your money and spend wisely. However, there are so many factors to consider when making a new investment or deciding on whether to continue with an existing one that it can become overwhelming very quickly.
Do you go for a safe option, or something riskier but with the potential for a larger reward? How much should you spend on rent, versus how much will you be able to save after bills are paid?
These are all questions that need to be answered when thinking about any kind of financial future, and they all have their own sub-questions as well.
But what most people don’t realize is that there is more than one way to invest your money. While many prefer the safety of savings accounts and other similar options, getting involved in socially aware investments has several benefits for both short-term and long-term financial success.
Let’s take a look at a few of them below
You Can Help Change The World
There are very few people on this planet who don’t want to leave a positive impact on the world. Unfortunately, many people feel helpless when it comes to making a real, daily difference while they’re busy working to provide for themselves and their families. That’s where socially aware investments come in.
You can help improve lives and change the world at the same time as you earn money and make your financial future more secure.
For instance, it is estimated that there are currently 1 billion people living in poverty across the world. It is also estimated that this number will rise to 1.8 billion by 2030 due to the rise of automation and climate change.
Socially-aware investors are helping fight this by funding programs and projects that look to support and empower those currently living in poverty.
You Can Earn Money While Doing Good
Investments are something we all need to be careful with, so it’s important to choose the ones that come with the highest returns. However, you don’t want to choose an investment that leaves you feeling guilty.
When you invest in something like a pharmaceutical company, you are literally funding the development of new medicines. This is great, until you remember that many pharmaceutical companies are involved in questionable practices such as giving doctors kickbacks to prescribe their drugs.
While this may be common practice with many companies and has been for decades, it doesn’t make it right. Socially aware investments give you the chance to earn money while doing good, so you can feel proud of your investment and know it is helping people in a positive way.
You have the option to select a socially responsible investment fund that only invests in companies that follow strict guidelines, making sure that all your money and effort goes towards something that you are proud of and that improves lives.
Investing In Socially Responsible Companies Is A Form Of Protection
There are a lot of things in life that you can’t control, but you can control how you react to them. That’s why socially aware investments have so many benefits.
For example, climate change affects everyone, but some areas are more vulnerable to its negative effects than others. When you invest in socially responsible companies, you are helping to fund the development of solar panels, better weather prediction technologies, and many other projects and initiatives that will help protect us all from the harmful effects of climate change.
While it is always important to be careful with money, it’s also important to use it for good. With socially aware investments, you can do both at the same time, which is why they are such an important part of any financially responsible person’s portfolio.
Now that you know how important it is to be socially aware with your investments, it’s time to go out there and do something about it.