23# The man who put down the Bank of England 🎙️ - George Soros (4)

Date
22.03.2020
Read time

2 minutes

Author

Editorial Invest in Slovakia

Charity is a big part of an investor's lifestyle, so in the next part Soros will answer two questions. What does a prospective charity have to meet and how does a healthy foundation work?


What will you learn in the new podcast?

George saw his father helping people during the Nazi occupation and this approach to charity shaped his childhood.

Work with better

He doesn't like to manage people in their foundations. The best way, he says, is to find entrepreneurial and ambitious people, give them a framework within which they can move and a goal to go to. The execution itself should be left up to them. 

Functioning even without an influx of resources

It is important that your charitable endeavours work without a constant flow of resources and especially energy. Monetary support is necessary for foundations because they do not engage in profit-generating activities, but it is the flow of energy that cannot be unlimited.

Know how to help yourself

Any new organization or foundation that opens must have a district council. The leaders of the organization are members of the community it seeks to help. Those most involved must also be the most active. Otherwise, it can't be done. They can't just be helped from the outside, they have to be able to help themselves. 

When the worst is over

so there's nothing to do but subsidise education and help people. He himself would say to get closer to openness and later help open up their society as well. Once again, we are being shown that education and self-improvement is simply the foundation without which one cannot move forward.

Is this knowledge beneficial to you?

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  In the podcasts, we cover money, productivity, investing, as well as living a fulfilled and abundant life. Sources of information are world-famous books, videos, biographies, quotes from successful personalities, as well as real interviews with successful investors, entrepreneurs and inspirational peoplewho are achieving remarkable results. 

We are interested in how these people think about money, what habits influence their daily lives, what they attribute their success to, but also what their biggest failures in life have been. We select only the best for you, and together we'll take a peek into the secrets of how to live a more successful, wealthy and productive life.

About the author
Editorial Invest in Slovakia
The Invest in Slovakia crowdfunding platform facilitates investments in Slovak real estate projects to investors from all over Europe. It focuses on innovative solutions with benefits for the surrounding area. The long-term effort of the team of specialists is the development of financial literacy. It provides clients with access to thoroughly vetted assets with different appreciation strategies.

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