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Home Personal finance

David Bolno on How Community Giving Helped Shape His Own Journey to Success

The FINANCIAL by The FINANCIAL
May 20, 2023
in Personal finance
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David Bolno on How Community Giving Helped Shape His Own Journey to Success

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Throughout the course of his career, David Bolno has amassed a wide range of different specialties. In addition to his expertise in terms of structuring business entities, he also helps to evaluate cash flow and income streams, has had a hand in accounting for various large-scale productions, and has helped many clients review their financial plans while assisting with implementation. Some of those clients have included not only musicians, artists, and athletes, but other high net-worth individuals as well.

All of this is to say that David Bolno is someone who has learned first-hand what it means to be successful. To his own credit, he’s always acknowledged the role that family, his community, and other opportunities have played in getting him to where he is today. That’s also why he’s historically made it such a priority give back whenever possible – not just to the Los Angeles business community, but to those in our lives that help shape us daily as well.

The Impact of Community Outreach: Breaking Things Down

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To speak to his own path to success, David Bolno earned his undergraduate degree from the renowned Duke University. There, he graduated Magna Cum Laude with a major in Distinction. From that point, he moved onto Temple University, where he earned his law degree while working full-time. He was able to graduate Cum Laude and his career would quickly begin in earnest.

A major factor that contributed to his ability to get to that point came down to his family. He grew up in a solid family with a very stable environment. One that made him feel appreciated, loved, and cared for. One that encouraged him to develop ambitions of his own and to strive to reach his highest potential.

This is why he’s always been clear about the idea that making an impact on a community should begin at home. Having a family is crucial because our loved ones are the ones who offer some much-needed assistance through the difficult times that we all invariably face. Therefore, if you want to make the world a better place, you can start right at home. Make sure that those in your immediate family know how much you love them and support them. They in turn will go out into the world and do the same, which turns into a self-fulfilling prophecy in the best possible way.

Wealth is What You Make Of It

David Bolno also understands that not everyone defines what it means to be wealthy in the same way. Some people look for money above all else. They feel like if they don’t get some type of promotion at work that gives them the chance to buy all the expensive things they’ve ever wanted, they haven’t “made it.”

Others look to the relationships they keep to define how “wealthy” they are. They judge themselves not on their own merits, but on the perceived quality of their friends, family members, and even romantic partners.

How people define wealth and success is ultimately their own business – but for David Bolno, so much of making an impact involves an often-necessary shift in perspective. For him, making a positive impact is the most important milestone of all. It isn’t just enough to leave your mark on others – you need to strive to do it in the most positive way that you can. One that empowers people through philanthropy, volunteer work, and other types of activism.

The fact of the matter is that helping others not only benefits the person who is the focus of your attention, but it benefits you as well. It’s been proven to help reduce your stress, to give you social interaction skills that you may have otherwise lacked, and it also gives you a different perspective in life that allows you to see things in a new way. David Bolno is grateful for the fact that he learned this lesson early in life, because an investment in the community is one that keeps paying dividends for years to come.

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Giving Back Means Pushing Forward

More than anything, the lesson that he hopes people learn – and the message that he hopes they take away from his own words and actions – is that you don’t need millions of dollars to give to charity. While many nonprofit organizations appreciate all the financial help they can get, this doesn’t have to be the only step worth taking.

Some choose to volunteer to help with local community organizations as they work to enrich the lives of those around us. Others spend time on the weekends cleaning up parks or other shared spaces. Every day, all over the world, people give back what they can and that doesn’t always have to involve cash or a check.

One major way that literally anyone can make a positive impact is to instill this value in their own children from an early age. Teach them how essential it is not just to take, but to give in forms large and small. Make it into a family tradition if you can. Not only will this help you create a better family environment at home, but you can make contributing an essential part of your own legacy.

Think for a moment about all the pivotal life skills that someone can pick up when they make giving back a focus of their lives. At least from the point of view of David Bolno, his community outreach efforts have absolutely helped to improve his decision-making. Because it’s been such a part of his life since such an early age, it’s helped him with both logical thinking and problem-solving. It’s left a mark on his own mental agility in a variety of ways. All of these are things that he relied on heavily as he made his career in business management.

Without a foundation of education and support from those around him, he wouldn’t necessarily have been to reach any of these goals. He benefited from them, however, while also acknowledging that not everyone has access to the same opportunities. Through his efforts that focus on the Los Angeles business community and on the surrounding areas, he hopes to change that one day at a time.

These are also the types of things you can help your own children achieve when you make contributing to the community a major priority in their lives. You make them better people, which equips them with everything they will need to head out into the world and do the same for those around them.

That’s why it’s so important to take advantage of any opportunity to empower your community that presents itself. It develops essential skills that you can then give back to others. There is an old saying reminds us that “it takes a village to raise a child.” Anyone who has known the joy of philanthropy knows that this never stops being true, regardless of how successful you are or how old you get.

In the end, for David Bolno, leaving a legacy through philanthropy has always been a top priority. One thing that he wishes more people knew is that anyone can start a nonprofit 503C by following just a few straightforward steps. You don’t have to have millions of dollars or any form of “traditional” wealth at all. You just need to have an urge to make the world a better place in any way that you can.

That’s something that he’s always tried to do while leading from example, and he hopes that he can act as a source of inspiration for as many people as possible well into the future.

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