Meet David M. Torrence

We were lucky to catch up with David M. Torrence recently and have shared our conversation below.

Alright, so we’re so thrilled to have David with us today – welcome and maybe we can jump right into it with a question about one of your qualities that we most admire. How did you develop your work ethic? Where do you think you get it from?
A popular quote from Kobe Bryant says, “Sports is the greatest metaphor for life.” Growing up, I was a huge sports fan, but my favorite sport was basketball. Unlike many of my contemporaries I was not good and like all underdog stories I was chosen last in the pickup game. Despite that, my passion for the game outweighed my inadequacy and my passion became the fuel for my work ethic. At the time, I didn’t realize how much sports would teach me about routine. I became obsessed with doing the same thing repeatedly. Jab step, two dribbles between the legs, spin move, right hand layup. Rinse and repeat day after day. Sports in hindsight taught me how to work but the benefit of becoming better gave me the ethic. Therefore, I acknowledge the structure of routine through sports as the main contributor to my work ethic. The greatest part is that my work ethic manifested itself in not just me being a top high school player in my city and a collegiate prospect but more importantly a college graduate with a degree in kinesiology. To then worked for three years in sports therapy, work with USA basketball and train professional athletes. Now I have the joy of teaching my son about how to allow sports to give him an ethic that can be applied to all areas of his life.

Thanks for sharing that. So, before we get any further into our conversation, can you tell our readers a bit about yourself and what you’re working on?
I am a philanthropist, a person who seeks to promote the welfare of others through my nonprofit organization, KP Cares Foundation Inc. Through my organization I create educational resources and programs to educate communities on investing. What I feel is most special about what I do as a philanthropist is changing the psychology and relationship people have with money. Due to poverty many people have trauma relationship with money, and I am privileged in my position to aid in breaking that generational curse. I also have the opportunity to promote economic mobility and educate people on how to bridge the wealth gap by giving people the tools to build wealth and level the playing field while promoting upward mobility. This can have a transformative effect on communities that may have been historically marginalized or disadvantaged. KP Cares is happy to be expanding and launching our new initiatives. One being a premier event called L.I.T. Brunch. The acronym L.I.T is short for literacy and stands for Learning Investment Tactics. This quarterly event is a new initiative geared towards targeting creatives and artists to help them learn the knowledge and skill of investing to sustain and maintain their career. Identifying the reality of many up-and-coming creatives lacking education on traditional wealth building, we set out to help them build a portfolio outside of their art and obtain equity into the same companies they use as artist to further their mobility within today’s economy and profit for the future. Second quarter of 2023 will be our kick for the year, and we look forward to touching a new demo and being od service to the community.

Looking back, what do you think were the three qualities, skills, or areas of knowledge that were most impactful in your journey? What advice do you have for folks who are early in their journey in terms of how they can best develop or improve on these?
Three areas that were most important in my journey were understanding business, maintaining relationships, and the skill of public speaking. When it came to business, I spent a good portion of my early twenties starting businesses and not being afraid to work for another business to learn what made them successful. With the combination of trial and error and practical experience I learned revenue verticals, strategic partnerships, and compassionate capitalism thus allowing me to become a philanthropist. Also, within that veil, I learned the power of relationships. Most people look to build relationships, but my superpower has been in maintaining relationships. Through the maintenance of relationships there have been lower barrier of entries for me to enter rooms, get opportunities and build personally and professionally. In addition, public speaking has been very impactful in my journey due to me being able tell my story. I believe that the art of storytelling allows me to teach, spread awareness, and market my organization and brand. The best piece of advice I will give someone early in their journey to improve is to know your story, live it, and be able to speak it. This skill will be the catalyst to connect your vision to the masses. The best way to develop is to “be on stage”. Live, walk and advocate in and for your story so when people speak to you and see you, they will know who you are.

Thanks so much for sharing all these insights with us today. Before we go, is there a book that’s played in important role in your development?
The book that has played an important role in my development is “the science of getting rich” by Wallace Wattles.

“The Science of Getting Rich” by Wallace Wattles is a classic self-help book that offers timeless wisdom on how to achieve wealth and success. Here are some nuggets of wisdom from the book:

a) You can create wealth and abundance by following certain principles and practices. The key is to focus on what you want, rather than on what you don’t want.

b) Your thoughts and beliefs shape your reality. If you believe in lack and scarcity, you will attract more of it. If you believe in abundance and prosperity, you will attract more of that.

c) To become wealthy, you need to develop a “wealth consciousness” – a mindset that is focused on abundance, rather than scarcity.

d) One of the most important principles for creating wealth is to take action. You can’t just think about what you want – you need to take action to make it happen.

e) It’s important to focus on adding value to others. The more value you provide, the more you will be rewarded.

f) You should also be grateful for what you have and focus on the positive aspects of your life. Gratitude is a powerful tool for attracting more abundance.

g) Your environment and the people you surround yourself with can have a big impact on your success. It’s important to surround yourself with people who are positive, supportive, and aligned with your goals.

h) Finally, it’s important to remember that wealth is not just about money – it’s also about living a fulfilling and purposeful life. True wealth comes from doing what you love and making a positive difference in the world.

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