Why You Should Become a Philanthropist
Why You Should Become a Philanthropist
Life is full of opportunities. There are opportunities to start something new, like a business or a family, as well as opportunities to make a difference. Many of the world’s wealthiest people start their road to success and wealth with the single objective of making a lot of money. Obviously, without this drive and focus, it’s very difficult to achieve those kinds of goals. However, as time passes and the money continues to roll in, many high-net-worth individuals discover that there is more to life than making money.
Well Known Philanthropists
This realization can occur for several reasons. For some, it’s a matter of finding a new cause or a new motivation. Others experience life-changing circumstances that send them down a new path. Still, for others, especially the ultra-wealthy, it’s simply the realization that they only need so much money to satisfy their needs while the rest is just surplus and can be used for a lot of good elsewhere.
It’s no secret that many of the world’s richest people have already donated much of their wealth to charitable causes, or that they plan to when the time comes. Billionaires such as Warrant Buffet, Bill Gates and Mark Zuckerberg, to name just a few, have made many headlines with their philanthropic efforts and donations.
Anyone Can Become a Philanthropist
While these are some of the most notable examples, the fact is you don’t have to be a millionaire to be a philanthropist. The truth is anyone can get behind a good cause and how to become a philanthropist meaning, or at least help out in philanthropic causes. I recently sat down with Wally Hawley, one of the co-founders of InterWest Partners (1979), one of the larger venture capital partnerships in the United States.
While Wally was extremely successful in business he eventually felt like he could do more for others because he realized life was not just about him. So I asked Wally what caused him to make this shift from business to philanthropy synonym? “I began to think about how it really should be about others, and it shouldn’t be about me. When it becomes being about others you just don’t do it to make more money for yourself.”
Finding Satisfaction in Philanthropy
Wally also explained how his transition wasn’t an overnight change, but more of a gradual process. “I was transitioning in part into nonprofit and charitable things even while I was still at InterWest. And the more I did that the more I realized that this had much greater satisfaction than just doing another deal.” Wally said he receives the most satisfaction by helping others, whether it’s for business or for philanthropy.
He says his efforts are not about him, but rather about the people he works with and when they have the success that makes him happy. Ultimately, for Wally, it was a matter of finding more meaning in life, which for him came through working for good causes, rather than through sealing another big deal.
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Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
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See Lynn Thomas’ Recent Interview with Alan Olsen: https://youtu.be/0VFOWFl3wqk Lynn Thomas has been helping clients unlock success, one idea at a time by executing tailored client presentations that deliver extraordinary client experiences. Her firm specializes in creating and implementing plans based on new tax laws and the ever-changing market research. Lynn connects with her clients…
See Dr. Lee Hood’s recent interview with Alan Olsen: https://youtu.be/60DDZ0MJ8QE Dr. Lee M. Hood is best known for his development of technologies which have enabled the advancement of predictive, preventative medicine. Dr Hood’s journey began at a young age, when he was an assistant professor of molecular immunology at California Institute of Technology in 1973.…
See Ali’s recent interview with Alan Olsen on Youtube: https://www.youtube.com/watch?v=MJyKKqTCaBM Ali Nasser is a serial entrepreneur who has been helping business owners for nearly twenty years. He understands the legacy dilemma and financial freedom that many business owners face when it comes to their life experience, which is why he has developed a powerful and…
Transcript Alan Olsen Welcome to American Dreams. I’m here today with Lynn Thomas. Lynn, welcome to today’s show. Lynn Thomas Thank you for having me on. I’m delighted to be here. Alan Olsen So Lynn, for the listeners, you have a remarkable career. I think you started out with Arthur Andersen. Lynn Thomas Yes, I…