Kara Perez

November 27, 2024

[Ep. 414] Using Your Money to Build a Better Future for All with Kara Perez

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This episode of the More Money Podcast is made in collaboration with National Bank Direct Brokerage, the first broker from a Canadian bank to offer online trading of stocks and ETFs for zero commissions. To learn more and open an account, visit nbdb.ca.

With everything going on in the world — the climate crisis, wars overseas, the widening wealth gap — it can often feel like our voices don’t matter and we have little control over the future. Although it can feel like that, the good news is that it doesn’t have to be that way.

Especially if we make sure to use our money for good. And that’s exactly what Kara Perez explores in her book Green Money: How to Reduce Waste, Build Wealth, and Create a Better Future for All. She offers insight into some of the biggest obstacles we’re facing, such as the push for overconsumption, reliance on fossil fuels, and unjust systems, while also offering practical solutions for how we can all play our part in securing a better future for us and the generations behind us. She also provides specific guidance on how we can build wealth and achieve financial freedom without having to compromise our ethics or values. In other words, when it comes to being more green with your money but also making sure you take care of yourself, you actually can do both!

This book holds a really special place in my heart because Kara and I were working on our books at the same time, plus I’ve known Kara for years and is one of the most genuine people in the personal finance space. I hope you enjoy this interview and her book as much as I did.

Timestamps

  • 00:00 Introduction
  • 03:58 Book Reveal
  • 06:00 Kara’s Journey to Writing Green Money
  • 08:34 The Importance of Sustainability and Money
  • 12:43 Taking Action Against Climate Change
  • 16:41 The Role of Corporations in Environmental Issues
  • 20:29 Understanding Greenwashing
  • 23:13 The Power of Community
  • 25:36 Rebuilding Community Connections
  • 30:28 The Impact of Capitalism on Community
  • 34:41 Examples of Community Initiatives
  • 38:16 Using Money as a Tool for Good
  • 41:28 Intentional Spending and Sustainable Choices
  • 47:46 Sustainable Investing Explained
  • 53:55 Simple Steps to Make Money Greener

Takeaways

  • Kara’s journey from a low-income background to writing ‘Green Money’ highlights the intersection of money and sustainability.
  • Sustainability can be achieved through intentional financial choices, even on a tight budget.
  • The book encourages readers to take action against climate change without feeling overwhelmed or guilty.
  • Corporations play a significant role in environmental issues, and individuals should hold them accountable.
  • Greenwashing is a tactic used by companies to mislead consumers about their environmental practices.
  • Community engagement can enhance financial well-being and foster support networks.
  • Rebuilding community connections can lead to more sustainable living practices.
  • Intentional spending can help individuals align their financial choices with their values.
  • Sustainable investing is becoming more accessible, with options available for conscious investors.
  • Simple actions, like switching banks, can make a significant impact on sustainability.

Things I Mentioned in the Episode

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Transcript

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