Muhammad Yunus
Limiting belief # 6: money wields power in a negative way
Whilst it is true that many people with vast fortunes also world a lot of power, true power comes from your ability to influence others with the power of your mind and the integrity of your spirit. Consequently it is possible to have power without money, but more interestingly it is also possible to have money and use it with the power of an inspirational mind to help others.
An example of the former is Nelson Mandela. Imprisoned as a terrorist, Nelson Mandela served over 27 years in jail, in virtual isolation. He had no money to speak of yet on his release, he was to lead a nation from a process of healing and dismantle the apartheid system. Nelson Mandela is one of the world's most revered statesmen, his charisma, self-deprecating sense of humour and lack of bitterness over his harsh treatment, as well as his amazing life story, has enabled him to inspire not only his people but millions around the world.
The story of Muhammad Yunus is a particular inspirational example of someone who used his money/power to help others. Yunus founded Grameen Bank and is famous for being the banker to the poor with his pioneering efforts in Microcredit or Microfinance (small loans to poor people possessing no collateral) where the poorest people of society are encouraged to rise above poverty. The innovative banking program provides poor people––mainly women––with small loans to launch businesses and lift their families out of poverty. In the past thirty years, microcredit has spread to every continent and benefited over 100 million families. Yunus was awarded the Nobel Peace Prize in 2006, along with the Grameen Bank.
However, Yunus remains unsatisfied. He believes much more can be done, if the dynamics of capitalism are applied to humanity’s greatest challenge, poverty. Yunus wants to take the concept of Social Businesses, such as Grameen bank, even further. Social businesses are just like any other business; but for social objectives and not for personal gain or dividend. The satisfaction gained in achieving the social goals become the only motive behind investment, and the business is evaluated according to that standard. Essentially it is a non-loss, non-dividend business aimed at social objectives – education, health, environment, whatever is needed to address the problems faced by society. The profits are retained by the business and help it to grow further. The whole thing is based on the premise that entrepreneurs can be motivated by social goals.
Yunus is a wonderful example of combining inspiration power and money for the benefit of the wider community and illustrates the transformational powers of The Mystic money mindset profile.
What are your thoughts on the concept of social businesses? Please share your ideas I look forward to reading them.
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