Posts Tagged ‘work ethic’
The power of “sweat equity”
A few years ago, I spent several hours each week volunteering in one of the local Habitat for Humanity offices, sorting paperwork connected to the mortgage-holders’ loans. That’s where I learned about the concept of “sweat equity.”
Habitat for Humanity isn’t a charity, as most people have come to define the word—meaning it’s not an organization that simply provides help to the needy. Habitat provides a way for the needy to help themselves. In order to qualify, Habitat homeowners must make a down payment and monthly mortgage payments—and they must contribute a large amount of “sweat equity.” That means they have to put in hundreds of labor hours building not only their own house, but other Habitat houses.