Shared Wealth: 4 Steps to Promoting Economic Recovery

We work, build, and grow our careers with the hope of different achievements for different reasons. It could be to gain more than we once had, to create a lifestyle we’ve always wanted, or to make a positive impact on the world as a whole. At times, it can be hard to be proud of individual success while knowing that fundamental securities and needs for others is at risk. However, this residual guilt that can sometimes linger in the back of your head is not one worth pondering over. In fact, the solution is quite easy: contribute to the success of others through your strong individual strengths or position.
 

As hard as the pandemic tried to force our economy into a recession, the resilience of many kept the economy somewhat stable. However, with many still out of work and businesses still struggling, there is more we can do to revitalize and rejuvenate our economy. If we each do “our part”, the country as a whole will benefit along with individuals and their families.

Here are 4 Steps that Help Promote Economic Recovery:
 
1. Stimulate the Economy
 

For many, the first idea to come to mind when deciding how to promote economic recovery is stimulating the economy itself. This is done many ways; the most obvious being spending. Throughout the pandemic my husband and I made it a point to eat out frequently, even when just ordering for pick-up, to help keep small businesses going and supported. It can be easy to think to yourself that you can’t afford to help or make a big enough difference, but that is not true. Even a small order to a local restaurant helps. This is the principle of microeconomics, where behaviors of individuals act as a catalyst for the economy as a whole.

Investing is another important step in helping with economic recovery. During the first few months of the pandemic, there were many who simply stopped spending and investing; instead, they saved and held back while they waited to see what the impacts would be. Whether it be in real estate or the stock market, investments put money back into the economy which helps it to sustain activity, stabilize, and ideally continue to flourish. What’s interesting to note now is how the pendulum has swung far to the other side - where there is now excess capital needing to be deployed from individuals and not nearly enough deals to be found. Spending and investing are both key steps that individuals can take to keep the economy moving into recovery.

2. Create Opportunity for Others
 

If you are fortunate enough to have created wealth, a great way to give back to the economy is by teaching others how to grow wealth as well. Exposure to opportunities and education can be hard to come by, especially in a time when the pandemic has put so many out of work.

While the national unemployment rate is down to 5.2%, there are many that remain unemployed or are desperate to pivot from their prior jobs. Becoming a mentor can leave a large impact on the people that you work with or who are looking to learn and create a better path for themselves. Taking on an intern, creating a mentorship program, or even lending solid advice to a curious pupil creates more active and knowledgeable minds in the world, and will help lead to a more productive and empowered individual contributing to the betterment of the economy.

3. Open a Business

The pandemic created an opportunity unlike any other in history that bought many people time to create and launch their own businesses. Whether you already have an established business or a start-up, you uniquely have the power and position to hire contractors or employees yourself, which can help bring the unemployment rate down even further. Hiring is more competitive than ever, but there are still many candidates in the market. Implementing time to listen to what’s important to candidates, building an exciting and driven culture, offering hybrid work schedules are all easy steps to help make the hiring process smoother. By employing others and keeping your own business growing, we will continue to move closer and closer to economic recovery.

4. Become Involved

As cliché as it sounds, volunteering actually does make a difference, even if it is just one person at a time. Volunteering could be a donation of time or a donation of money, or even both. The important part is that the economy gains from contributions whether from direct or indirect capital. To make volunteering or donating feel more rewarding and less like a chore, do a quick Google search of organizations that support or help projects or people you are passionate about. There are foundations and funds of every kind looking for assistance and becoming involved is a great way to help promote economic recovery while also helping to keep your own perspective refreshed and balanced. Be grateful and pay it forward where you can.

Summary
 

Working towards a goal should never warrant an apology. However, if you are someone who feels that helping others is an important stepping stone in your wealth building strategy, you’re not alone. Promoting economic recovery, also known simply giving back to the economy can be done in many ways. The first way is through the buying of goods, stock, and investments. You could also create opportunities for others through mentorship, or create jobs for other through entrepreneurship. Finally, donating either financially or physically is a great way to contribute to the greater good and overall betterment of the economy.

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About Ellie Perlman
 
Ellie Perlman is the founder and CEO of Blue Lake Capital, a woman owned multifamily real estate investment firm focused on partnering with family offices and accredited investors to build and preserve generational wealth. Since its founding in 2017, Blue Lake has successfully acquired and operated multifamily assets across high-growth U.S. markets, completing $1B+ in transactions.

At Blue Lake Capital, Ellie and her team work exclusively with family offices and accredited investors, offering carefully curated investment opportunities that emphasize long-term wealth creation, stability, and risk-adjusted returns. A defining aspect of Blue Lake’s investment strategy is its integration of advanced AI-driven analytics and data science into the entire lifecycle of acquisitions and asset management. By leveraging cutting-edge technology, the firm executes data-driven forecasting on market trends, asset performance, and tenant behavior, ensuring strategic decision-making and optimized returns.

In addition to leading Blue Lake Capital, Ellie is the original founder and host of "REady2Scale - Real Estate Investing" podcast, which provides insights into multifamily real estate, alternative investments, and finance.

Ellie began her career as a commercial real estate attorney, structuring and negotiating complex transactions for one of Israel’s leading development firms. She later transitioned into property management, overseeing over $100M in assets for Israel’s largest energy company.

Ellie holds a Master’s in Law from Bar-Ilan University in Israel and an MBA from MIT Sloan School of Management.

You can learn more about Blue Lake Capital and Ellie Perlman at www.bluelake-capital.com
 
*The content provided on this website, including all downloadable resources, is for informational purposes only and should not be interpreted as financial advice. Furthermore, this material does not constitute an offer to sell or a solicitation of an offer to buy any securities.
 
 
 
 
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