Acumen founder, Jacqueline Novogratz, has been voted one of the 100 Greatest Living Business Minds by Forbes. She explains why money can’t solve poverty, why empathy isn’t enough, and how philanthropy, entrepreneurship and governments can combine to truly make an impact.
We also explore how listening and lean data can help you have a greater impact, and what young leaders can do if they really want to change the world. Her work has impacted hundreds of millions of people around the world.
Welcome to Episode 450 of the podcast. Listen and access the show notes below or search for the Carey Nieuwhof Leadership Podcast on Apple Podcasts or wherever you get your podcasts and listen for free.
Do you remember how retirement benefits changed back in the 1980s? When pension plans were dropped, and instead, 401(k) plans became all the rage? And it made sense, since 401(k)s helped employees get better benefits while employers ended up saving a ton of money!
Did you know the same change has happened with health benefits over the past decade? Something called “managed individual” is replacing old group plans just like 401(k)s replaced pension plans. It’s simple: employers give the money, and employees pick their plans.
Our podcast listeners have already saved $2.5 million in just the past 18 months making this switch and their teams have gotten better coverage as a result! How incredible is that? This wouldn’t be possible without my trusted partners over at Remodel Health.
They’ve been serving Christian organizations since 2016 and have a streamlined process to help you see what this “401(k) of health benefits” could actually look like for your team. Their risk-free Health Benefits Analysis lets you get a full preview of what the change would look like for your team. It normally costs $35 per employee, but they’re letting me give my listeners a 50% discount this month in September!
Simply go to remodelhealth.com/analysis and at checkout, use promo code CAREY50.
Cultivating generosity and regularly teaching the biblical understanding of giving is something that pastors know is important but often struggle to address. If you’re not regularly talking about giving and then celebrating what that generosity has produced, you’re missing the opportunity to inspire greater generosity.
We have about three months left in 2021, as we enter the year-end giving season there are many opportunities ahead to engage with your givers. That’s why the team at Generis is offering you a FREE 45-minute strategy session to help you maximize those opportunities.
Generis has helped leaders normalize the giving conversation and move the needle on generosity for over three decades.
Learn how to increase giving and generosity in your church by scheduling your FREE 45-minute strategy session at generis.com/carey.
*As an Amazon Associate, I earn from qualifying purchases.
Insights From Jacqueline
1. The opposite of poverty is not money, it’s dignity
Through Jacqueline’s work in poverty-stricken countries, she has witnessed firsthand how broken systems and corrupt governments have stripped low-income people of their dignity. We might think we need to give people money, but Jacqueline sees it differently—what these people need are dignity, choice and opportunity.
Markets too often overlook or exploit the poor. Government aid and well-intended charities too often create dependencies. Jacqueline saw that the better solution was to use the best of markets, because they have such an important role to play for innovation, for believing in the future, for allocating resources, and ensuring that they can then be used in a way that includes low-income individuals.
2. You can’t be everything to everyone
In the midst of the COVID pandemic, many of us have experienced compassion fatigue. It can seem there are too many problems and too big of problems for us to solve. In this conversation, Jacqueline reminded us that you can’t be everything to everyone. When this happens, she says, “Too often we end up being very little to anyone.”
Sometimes the most important thing we can do in crisis is simply doing the work we’re created to do, and let the experts do the rest. Jacqueline suggests finding a practice that reminds you of your purpose and that we are all a part of something bigger than ourselves.
3. Make a bigger impact by being a better listener
To truly know your customers, you need to be a good listener. So many of us think that we’re good at listening.
By being good at listening, you should enter from a place of inquiry, not certainty. Do not focus on trying to convince or convert another person, and learn to ask questions that allow people to find their own truth.
Quotes from Episode 450
Looking for a key quote? More of a reader?
Read or download a free PDF transcript of this episode here.
Subscribe for free and never miss out on wisdom from world-class leaders like Adam Grant, Seth Godin, Andy Stanley, Craig Groeschel, Nancy Duarte, Henry Cloud, Patrick Lencioni, Francis Chan, Ann Voskamp, Erwin McManus, and many others.
Subscribe using your favorite podcast app via
Spread the Word. Leave a Rating and Review
Hopefully, this episode has helped you lead like never before. That’s my goal. If you appreciated it, could you share the love?
The best way to do that is to rate the podcast on Apple Podcasts and leave us a brief review! You can do the same on Stitcher and on TuneIn as well.
Your ratings and reviews help us place the podcast in front of new leaders and listeners. Your feedback also lets me know how I can better serve you.
Thank you for being so awesome.
Next Episode: Max Lucado
Max Lucado has sold over 150 million books to date, and in this return interview, the multiple New York Times bestselling author returns to talk about how he captures his idea, why his first book was a disaster and how he got better, how to keep fresh ideas flowing into your content well, planning an effective succession, and how to recognize insecurity in yourself as a leader.
Subscribe for free now so you won’t miss Episode 451.