Put Your Money Where Your Life Is

Put Your Money Where Your Life Is

How to Invest Locally Using Self-Directed IRAs and Solo 401(k)s

Michael H. Shuman


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“As so many Americans feel powerless to confront a financial system designed to serve the few, Shuman offers us real choices: tools that align our lives with our values. That's power. I love this highly readable, timely, surprising book.”
—Frances Moore Lappé, author of
Daring Democracy and Diet for a Small Planet

Americans agree on very little these days, but red state conservatives and blue state progressives can agree on one critical point: Wall Street can no longer be trusted. Yet most of us continue to invest our money in the stocks and bonds of Fortune 500 companies, transferring our capital far from where we live and work. Local investing expert Michael Shuman offers another alternative. He shows how we can use two well-established—but rarely used—investment tools to keep our money close and get a return as good as or better than what we'd get investing in distant, indifferent corporations.

Shuman explains the nuts and bolts of self-directed IRAs and solo 401(k)s and how they can be combined with other recently legalized local investing tools. He details how to set these accounts up, identify and evaluate a whole range of local investment opportunities, and make sure account holders stay on the right side of the law. While the book is written for people without a lot of investment experience—Shuman explains concepts like “liquidity” and “diversification” in simple terms—even if you're as experienced as Warren Buffett, this book will make you rethink everything you know about investing. With Shuman's expert advice, you can strengthen your investment portfolio and your community, neighborhoods, and schools at the same time!


Michael H. Shuman:
Michael H. Shuman is an economist, attorney, author, entrepreneur, and leading visionary on community economics. He is director of local economy programs for Telesis Corporation, a nonprofit affordable housing company, and currently an adjunct instructor at Bard College’s business school in New York City and Simon Fraser University in Vancouver, British Columbia. Shuman is also a fellow at Cutting Edge Capital and the Post Carbon Institute and a founding board member of the Business Alliance for Local Living Economies. He is credited with being one of the architects of the 2012 JOBS Act and dozens of state laws overhauling securities regulation of crowdfunding.