What if nonprofit leaders stopped seeing wealth as something separate from mission and began viewing it as the capacity to create greater impact? In this episode of The Nonprofit Exchange, Hugh Ballou talks with Nathan Barkocy about moving from scarcity thinking to an abundance mindset grounded in stewardship, time, relationships, faith, and sustainable impact. Episode Summary Nonprofit leaders talk often about generosity, sacrifice, stewardship, and service, yet the word wealth can still feel uncomfortable in mission-driven organizations. Nathan Barkocy challenges that tension by redefining wealth as something much larger than financial accumulation. In his view, true wealth includes money, but it also includes ownership of time, meaningful relationships, purpose, faith, health, resilience, and the ability to multiply positive impact for others. Nathan's perspective was shaped by a life-changing experience. At age 16, while a nationally ranked competitive cyclist with ambitions of reaching the Tour de France and the Olympics, he was struck by a car traveling about 60 miles per hour. He survived, spent two weeks in a coma, and awoke paralyzed. Recovery required him to relearn how to walk, talk, and eat. That experience reshaped his understanding of what is truly valuable and led him to live by the conviction that tomorrow is never promised. For Nathan, time became the most limited and precious asset because once it is spent, it cannot be recovered. That insight became foundational to his philosophy of True Wealth. Nathan explains that money matters because it provides capacity: the capacity to build, to give, to serve, and to expand impact. But money is not the final measure. True wealth is revealed in what a person or organization is able to multiply for others. The conversation turns directly to the nonprofit sector and the persistent scarcity mindset that can limit leaders and organizations. Nonprofits often operate from assumptions such as "we can't afford it," "there isn't enough," or "we have to do everything ourselves." Nathan argues that leaders should instead begin with a different question: How much impact do you want to make? He points to the abundance of capital and opportunity already present in the marketplace and encourages nonprofit leaders to recognize that many people with resources are actively looking for meaningful ways to create social impact. Hugh and Nathan also explore wealth as stewardship rather than accumulation. Nathan distinguishes among old wealth, new wealth, and true wealth. Old wealth emphasizes long-term accumulation and preservation. New wealth often reflects entrepreneurial speed, visibility, and lifestyle. True wealth, as Nathan describes it, integrates the useful aspects of both while focusing on ownership of time, multiple streams of income, personal well-being, and impact. For nonprofit leaders, that means treating money as fuel for the mission rather than as something to fear or avoid. A major part of the conversation centers on relationships. Nathan emphasizes the "power of association" and the importance of intentionally surrounding yourself with people who can expand your thinking, open doors, and help you grow. He credits his relationship with Sharon Lechter, co-author of Rich Dad Poor Dad and his co-author on Old Wealth. New Wealth. True Wealth., as an example of how mentorship and association can transform opportunity. His father's advice captures the idea simply: "Show me your friends and I'll show you your future." For nonprofits, this relational wealth has practical consequences. Strong relationships with donors, investors, community leaders, mentors, and other nonprofit professionals can expand both funding and influence. Nathan describes the nonprofit model as a potential win-win-win: when organizations create value for others, donors and partners can participate in that impact, and the broader community benefits. Faith is another essential part of Nathan's understanding of abundance. His encounter with death deepened his gratitude for each day and reinforced the importance of using time intentionally. He describes every day as "an abundance of opportunity" and connects true wealth with creating positive relationships and building God's kingdom through meaningful impact. Nathan closes with practical advice for leaders who recognize that they have been operating from scarcity: get into the right rooms. Surround yourself with people who are where you want to be, learn from people who have created the kind of impact you seek, and stop allowing limited beliefs to determine the size of your mission. The amount of impact a nonprofit can create, he argues, is deeply connected to the abundance mindset of its leaders. · True wealth includes money, but it also includes time, purpose, faith, health, relationships, resilience, and the ability to create impact. · Time is a finite asset. Nonprofit leaders should audit how they spend it and whether those choices move the mission forward. · Scarcity thinking can limit an organization's impact long before actual resources do. · Money is not the mission, but it is fuel for the mission. · Wealth is strongest when it is stewarded and multiplied for others rather than merely accumulated. · Relationships are a form of capital. The people around a leader can expand opportunity, learning, funding, and impact. · An abundance mindset begins by recognizing that there are people, resources, and opportunities available to support meaningful work. · Leaders should intentionally place themselves in rooms with people who challenge and expand their thinking. “Tomorrow is never promised. Make the most of today.” “True wealth is measured in what you multiply for others.” “Every day is an abundance of opportunity.” “Show me your friends and I'll show you your future.” Nathan Barkocy is an entrepreneur, keynote speaker, mentor, and advocate for a broader definition of wealth. After surviving a near-fatal accident as a teenager, he rebuilt his health, faith, and life and developed a philosophy centered on ownership of time, purpose, relationships, generosity, and sustainable impact. He is a co-author of Old Wealth. New Wealth. True Wealth. with Sharon Lechter and leads the True Wealth Community for proactive and aspiring entrepreneurs. Nathan Barkocy: https://nathanbarkocy.com Key TakeawaysMemorable Ideas from the ConversationAbout Nathan BarkocyLearn More Learn more about your ad choices. Visit megaphone.fm/adchoices
