Dive Back In: Supporting Small Businesses with Dan Price

09/30/21 • 53 min

Dive back in and hear from the purpose-driven CEOs we highlighted in Season 1 of the Beyond Capital Podcast. Your host Eva Yazhari was inspired by Dan's story, and wrote about his work at Gravity Payments in her new book, The Good Your Money Can Do. Click here to learn more and get your copy.

Hear from Dan Price, CEO of Gravity Payments. Many people know him for his decision to give up most of his own salary so that everyone at his company would make a minimum wage of $70,000. Gravity Payments is a credit card and payment processing company catering to small businesses. Dan is publishing a book, "Worth It," about his experiences.

Despite productivity in the United States rising by 70% over the last 40 years, the hourly pay of most workers has stagnated, increasing only 11.6% over that same time period. The median household annual income today is approximately $55,000 (pre-Covid-19).

"Small businesses unquestionably make our lives better, make our communities better," says Dan. "When I announced I was taking a $1 million pay cut to pay everyone $70,000 a year, the situation was that I was now in a community where everybody could meet their needs. And Gravity Payments became more about the people and the principles behind the company."

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Dive Back In: Wealth Consciousness with Seth Streeter

Dive back in and hear from the purpose-driven CEOs we highlighted in Season 1 of the Beyond Capital Podcast. Your host Eva Yazhari was inspired by Kristin's story, and wrote about her work at Revolution Foods in her new book, The Good Your Money Can Do. Click here to learn more and get your copy.

Can money buy happiness? According to a Princeton University study, there is a correlation between happiness and wealth, up to a point of about $75,000 per year. After that, happiness is not correlated with increased money.

Hear from Seth Streeter about wealth consciousness. Seth is the founder and CEO of Mission Wealth, a wealth management firm that specializes in guiding clients through major life events, and helping people find - and fund - their purpose. Seth is also the Founder of Sustainable Future, a technology platform providing campaigns and resources to affect change for a cleaner, safer planet.

"The CEO to me is the Chief Energy Officer," says Seth. "I find that culturally, if people can feel like they are cared for and that they have a purpose beyond themselves, that can add tremendous fuel and resiliency, even during the challenging times we're under today."

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The Beyond Capital Podcast Season 3 Teaser

Welcome to Season three of the Beyond Capital Podcast. People always ask, what is the secret to marrying profit with purpose? We are back for another season to bring you the stories of successful leaders that are building and scaling purpose driven businesses. I'm Eva Yazhari general partner of Beyond Capital Ventures. And I'm Ed Stevens, CEO of Scoot Together. Eva and I have built and invested in businesses worth millions.