You're Rich, Now What? 3 Steps To Using IPO Windfalls In Meaningful Ways

Feb 6, 2012 8:00 AM ET

Alice Korngold's Blog

This week's Facebook IPO generated a deep trove of wealth for a new generation of young entrepreneurs. The question for them now is, what are you going to do with your billions? 

If you’re curious by nature, perhaps you’d like a new adventure. Since you have money to play with, maybe you’d like to play at something you’ve never played before. Maybe you’d like to get to know yourself a bit better. Or maybe you'd like to change many, many lives for the better, for generations to come?

I’ll make you a bet. Follow my advice here, and I promise you that your life will never be the same again. You’ll have newfound energy and meaning in your life. You’ll meet extraordinary people from very diverse backgrounds. And you’ll learn more about yourself than you could ever imagine. If you follow my advice and I’m wrong, you can tell me and everyone else so in my blog post. (If I’m right, you can also say so.)

Here are the first steps to putting some of your newfound wealth to work, for good.

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Korngold Consulting LLC assists corporations in building fully integrated, high-impact CSR strategies, including leadership development through nonprofit board service.  Korngold Consulting trains and places business executives on nonprofit boards, and consults to nonprofit boards and leaders to strengthen governance for financial and strategic success.