Rethinking wealth: from accumulation to redistribution - Patrick Knodel, Innovation for Impact

About this episode

Julia S speaks with Patrick Knodel about questioning privilege and the purpose of wealth in the context of impact investing and philanthropy.

In the latest episode of The Money Reckoning series, I speak with a next-gen wealth holder about the uncomfortable journey of questioning privilege and purpose. THE IMPACT. Patrick Knodel: Is the founder of impact investing fund Innovation for Impact Is the CEO of the philanthropic Chancemaker Foundation THE JOURNEY. In our conversation, we explore: Working for purpose and not for money. "I want to feel useful for the world, not just for myself. Let's be honest, in the current system, the best paid jobs are the ones that ruin the world. That's a systemic problem at the moment." Next gen wealth. "The baseline is always how can you keep the wealth in your family over generations? That's the bottom line. The standard is: can we accumulate and keep it? There's not even a question whether that's a good thing to do. That's just a given." "I only have one life. There is an exchange between time and additional accumulation of money. " The inner fight. "How much do I wanna accumulate, to provide a safety net for my own family. And to what extent do I just wanna spend my time working so that it doesn't happen." Planning for the future. "You can…

People in this episode

Guest: Patrick Knodel

Topics covered

• wealth redistribution
• impact investing
• philanthropy
• privilege
• purpose

Keywords

• next-gen wealth
• systemic problems
• safety net
• future planning

Mentioned in this episode

Products: Innovation for Impact, Chancemaker Foundation

Books & works: The Money Reckoning

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• Spiritual Strategy for Systems Change - Erin Selover · May 22, 2026 · 25 min
• Confronting Complicity in Capitalism, Week 8: Work Anarchy · May 14, 2026 · 12 min
• Confronting Complicity in Capitalism, Week 6: Beyond All-or-Nothing · April 30, 2026 · 13 min