Ricks Steves, author, and well known television travel guru, has his own idea of investing, and that investment hasn’t just grown over the years, it’s helped a tremendous amount of people.
Travel guide guru Rick Steves just gave a $4 million apartment complex to homeless women and kids who need housing.
Steves realized, early on, the importance of affordable housing, during his travel adventures (how else?) as a young man in Europe.
Twenty years ago, he devised a scheme where he could put my retirement savings not into a bank to get interest, but into cheap apartments that could house struggling neighbors.
“I would retain my capital, my equity would grow as the apartment complex appreciated,” Steves explained on his travel blog. “Rather than collecting rent, my “income” would be the joy of housing otherwise desperate people. I found this a creative, compassionate and more enlightened way to “invest” while retaining my long-term security.”
The 24-unit apartment complex became began housing single moms who were recovering from drug addiction and were now ready to get custody of their children back.
“Imagine the joy of knowing that I could provide a simple two-bedroom apartment for a mom and her kids as she fought to get her life back on track.”
There’s a nice little glow. Steves has now given the complex over to the Y.
Via Raw Story.