Category Archives: Life and Business

Betsy DeVos- Renowned Philanthropist and Education Activist

Elizabeth Betsy DeVos is a philanthropist, activist, politician, and businesswoman. She is also the current US Secretary of Education. Betsy is a republican who is popularly known for her efforts of advocating for school choice, charter schools, and voucher programs. Betsy served as Michigan’s Republican National Committeewoman between the years 1992-1997, and was also the chairwoman of Michigan’s Republican Party between the years 1996-2000. She has been a strong supporter of the charter school system in Detroit, and is a board member in the “Foundation for Excellence in Education”. Betsy is betrothed to Dick DeVos, who formerly worked as CEO of Amway, the reputable multi-level marketing company.

DeVos and Her Contribution to School Reforms

DeVos is known for her saying in 2001 that education activism and reforms were ways of advancing the God’s Kingdom. DeVos feels that the U.S. system of education should leave room for profit charter organizations. DeVos regards the current system of education as a monopoly that needs to be broken to allow parents to be spoilt for choice when selecting schools for their children.

Betsy DeVos is also an ardent believer of school vouchers that help students attend private schools with public funding. DeVos was a board member in the “Alliance for School Choice” where she served as chairwoman. She was also headed the “All Children Matter”, an organization founded in 2003 to lobby for tax credits to businesses that issue private scholarships, and to promote school vouchers.

DeVos is one of the board members at “Education Freedom Fund”, “Advocates for School Choice”, and “American Education Reform Council”. She served as the chair in the board of “Choices for Children”, “American Federation of Children”, and “Great Lakes Education Project”.

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Philanthropist Activities By DeVos

Betsy is the chair of the “American Federation for Children”, “Philanthropy Roundtable”, and is a member of many local and national boards such as the “DeVos Institute of Arts Management”, and the “American Enterprise Institute”. Betsy in partnership with her husband established the “Betsy and Dick DeVos Scholars for Free Enterprise and Entrepreneurship Scholarship”. The program benefits students who are pursuing an studies at Northwood University. Read her interview with Philantrophy Table.

DeVos Passion For Art

DeVos has on numerous occasions demonstrated her passion for art. She at one time donated $22.5 million, to the Kennedy Center for Performing Arts. After the donation, DeVos remarked that she was persuaded by the Center’s official, Michael Kaiser, that a lot of money went into to training artists, and into the arts, but little into training those who hired the artists and headed the organizations. The generous offer was meant to rectify this oversight. Betsy is a supporter of similar programs like the Art Prize Grand Rapids, and the Boy Scouts of America.

Read more news on LA Times.

Learning About Life and Business from Warren Buffett

Writer Rachael Levy has penned an excellent article for Business Insider magazine with the thesis that studying the business moves of investment expert Warren Buffett is an great way to learn about finance. Essentially, she believes that a look at Buffett’s career is like a textbook for those who don’t have time to go to business school.

Buffett himself read extensively about investing before starting his own career. In fact, when he meet business author David Dodd, the two talked about Dodd’s book and Buffett appeared to know it better than Dodd himself. Buffet also carefully read and analyzed books by financial writers Phil Fisher and Adam Smith and took their investment advise, so when a novice investor looks at Buffett’s career, it’s almost as if they’ve read these works themselves.

Beyond business, Buffett has also given useful advice on life itself. He recommends making a list of everything you’d like to accomplish in life and then circling the five most important things and disregarding the others. From there, you should develop a single theme that encompasses what you want to achieve and use it as the top criteria in making all decisions.

Buffett believes that, because you can’t accomplish everything you want in life, it’s important to prioritize. Clearly, he’s done something right in his own life to have earned such a large personal fortune, so his advice is definitely worth considering.