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From Wall Street Workaholic to Foster Care Reformer: Paul Blavin's Mission

Our American Stories / Lee Habeeb
The Truth Network Radio
April 30, 2026 3:03 am

From Wall Street Workaholic to Foster Care Reformer: Paul Blavin's Mission

Our American Stories / Lee Habeeb

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April 30, 2026 3:03 am

Paul Blavin, a former Wall Street workaholic, shares his transformation from success to significance and real purpose. He founded the Blavin Scholars Program to support foster care youth, and his son Joseph, a Blavin scholar, is working on a novel approach for the early detection of cancer. Paul's story highlights the importance of connection, community, and support in helping foster care youth thrive and achieve their goals.

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That's washable sofas.com. Offers are subject to change and certain restrictions may apply. This is Lee Habib, and this is Our American Stories, the show where America is the star and the American people. And we love your stories, our listeners' stories. Please send them to ouramericanstories.com.

Click the Your Stories tab. You're about to hear from Paul Blavin, a man who had a cause put on his heart. and who wasted no time responding to it. You'll hear the story of how he went from workaholism on Wall Street. to retiring to do the kind of work that he felt could could truly make a difference.

Here's Paul. Yeah. I grew up in Southfield, Michigan, which is a suburb right outside of Detroit. My community was a middle class, predominantly Jewish community that was very focused on education and careers. We were on the lower socioeconomic side of our community.

My father struggled with mental illness, which manifested in. criminal behavior, and he was actually arrested. for the first time when I was 11 and I was the Paperboy, I delivered newspapers in my community, and it was on the front page of the paper I delivered.

So it was really traumatic. And it also had a big impact, obviously, on our family in terms of finances.

So the impact it had on me was that I decided that I really wanted to be. Independent, that I didn't want to be a burden on my mother, and that I wanted to establish myself as a. Reputable accomplished person. You know, I'm sure my thoughts were a little different at the age of 11, but that was. the direction I put myself on.

So that was highly motivating and you know I was driven a lot by fear. I got my first job delivering newspapers when I was about 11 and then started my first business when I was 15. And then my first real business where I had a business card and was entering into contracts with corporations and things like that when I was 16. And that was renting out movie theaters and promoting midnight movie shows. I wasn't going to go to college, but through guilt and logic, my mom convinced me that that would be an important step.

And so I decided to go to college. I applied only to one university, the University of Michigan in Ann Arbor, and fortunately was granted admission. I treated that like a job. I was, my friends still make fun of me. I mean, I was in the library all the time.

In my mind, I could either be working and being productive in that way, or I could be focused on my studies and performing there. And so, you know, I ended up towards the top of my class there at Michigan, near perfect grades, and was fortunate to get an opportunity because of that, I think, to work on Wall Street. And so I was able to go to Wall Street. Right out of the University of Michigan, and I was an investment banker. And that changed the trajectory of my life in a significant way.

Like many things in my life, like the most important things in my life, in hindsight, it wasn't my will.

So, what I mean by that is, I was a workaholic. I had my own business and was still very driven to succeed on behalf of my investors and myself. And I was on a business trip, and uncharacteristically, I decided to read a pleasure book. And the pleasure book I picked up was a book called A Child Called It. an autobiography written by Dave Pelzer.

And it's his life story. from the age of zero to about twelve. And in the book, it is harrowing to read about. The incredible abuse that he endured at the hands of his mother, who was mentally ill and also an alcoholic, and I was just. floored by it and it you know it it opened my eyes to child abuse and gratefully and it opened my eyes to How grateful I am that I was blessed to have two loving parents.

imperfect as we all are. but and loving. And I was never abused, and I was never abused verbally or physically. I came to realize after reading Dave's story how lucky I was. And there, by the grace of God, you know, go I.

And what really. you know, broke me up reading the book was when Dave said that You know, the best day of his childhood is when he went to school, and the police were there, and the principal told him, you don't have to go home anymore. You're being placed into foster care. And I just couldn't. handle that.

It was just struck me to the core and I ended up finishing the book, arriving back home from that business trip, and in the newspaper, we were living in Phoenix at the time. In the Arizona Republic, was a story about a kid just like Dave Pelzer. He was. 12 years old, and he was in foster care because his mother had kept him locked in a closet. Abused him and he was 80 pounds, and he was in foster care.

And it said: if you want to help kids like this that are in foster care. Here's the local organization, and here's their phone number.

So. I immediately called that number and within a couple of weeks I was Officially on the board of the Arizona Friends, a Foster Children Foundation. And in that organization, we would give out small grants, on average, about $200, $250 for. Things that my children Took for granted, like karate lessons or tutoring or a trip to Disney or A first bicycle. Things like that.

After about six months on the board, I realized. Yeah. The foundation also had a scholarship fund for college. and I started looking more closely at that fund. And came to see that Very, very, very few of those scholarship recipients were actually graduating college.

And that's what opened my eyes to the whole need for a more comprehensive program.

So that's where how the seeds for the Blavan Schowers. program were planted And you've been listening to Paul Blavin share his story, his early life.

some early traumas. His father being arrested, his entrepreneurial spirit tapped early. Independence is what he wanted. His success at the University of Michigan and at Wall Street, but this is his one book, what he thought was a pleasure book. but was a transformational book.

When we come back, more of Paul Blavin's story here. on our American stories. Yeah. Lee Habib here, and I'd like to encourage you to subscribe to Our American Stories on Apple Podcasts, the iHeartRadio app, Spotify, or wherever you get our podcasts. Any story you missed or want to hear again can be found there daily.

Again, please subscribe to the Our American Stories podcast on Apple Podcasts, the iHeartRadio app, or anywhere you get your podcasts. It helps us keep these great American stories coming. Is your Jesus shaped more by culture than scripture? In our instant world, we've made Jesus a life coach, a therapist, a political ally. The Missing Messiah, a new book by Kyle Eidelman and Mark Moore, helps us understand how Western culture has gradually reshaped Jesus into our image and recognizes the difference between a personalized savior and revolutionary king.

If you believe there's a more dangerous, more majestic Messiah than the one you've inherited, visit missingmessiah.com to learn more today. Support for the show comes from Public, the investing platform for those who take it seriously. On Public, you can build a multi-asset portfolio of stocks, bonds, options, crypto, and now generated assets, which allow you to turn any idea into an investable index with AI. It all starts with your prompt. From renewable energy companies with high-free cash flow to semiconductor suppliers growing revenue over 20% year over year, you can literally type any prompt and put the AI to work.

It screens thousands of stocks, builds a one-of-a-kind index, and lets you backtest it against the SP 500. Then you can invest in a few clicks. Generated assets are like ETFs with infinite possibilities, completely customizable and based on your thesis, not someone else's. Go to public.com/slash podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com/slash podcast.

Paid for by Public Investing. Brokerage Services by Open to the Public Investing Inc., member FINRA, and SIPC. Advisory Services by Public Advisors LLC, SEC Registered Advisor. Generated Assets is an interactive analysis tool. Output is for informational purposes only and is not an investment recommendation or advice.

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And we return to Our American Stories and to Paul Blavin, founder of the Blavin Scholars Program, which all started because of a book Paul read about a child in foster care. Let's return to Paul. with more of his story. I was really fortunate to connect with leaders in the field of foster care and post-secondary education, including an amazing man named Ron Davis, who I think is one of the first people in the country to establish a holistic support program for youth who had experienced foster care. To pursue post-secondary education.

And Ron had started something called the Guardian Scholars. which started out at Cal State Fullerton. And he was kind enough to spend a lot of time with me telling me what needed to happen to be successful in this area. I took Ron's advice and his inspiration and proposed such a program at my alma mater, the University of Michigan. And then we began.

It's shocking how Poorly, we treat youth who are the most vulnerable, that are in families that are not functioning in a manner that's healthy for their children.

So as a society, we have made a decision that we're going to intervene for the protection of these children, and the system is called foster care. And in the United States, This year I I I would estimate That close to a million children will be touched by this system we call foster care. And at any given time, about half of those children, close to 500,000, are in the system.

So that means that they've been removed from their home in some way. and placed in the custody of the state. Our system Oftentimes fails these children, and when I Measure failure, what I'm speaking about is providing these children with an opportunity to thrive as adults, to have nurturing, functional childhoods. And I'm not I'm not making the statement that that happens to all children in the system. What I am saying, however, is that when you look at the statistics of what happens to children once they age out of this system.

The statistics are shockingly poor. core. Less than 4% of youth who age out of foster care here in the United States end up getting a four-year college degree. 75%, roughly, of the women are pregnant by the age of 21. A quarter experience homelessness within two years of aging out of the system.

And if you do a survey, which have been done in many states, of the incarcerated population, you're going to find that a very disproportionate percentage of those who are currently incarcerated in the United States have been touched by this foster care system. In the state of Michigan, close to 50% of those who are incarcerated have been touched by the foster care system at any given time. really sad. And when my wife and I found out about this system, we decided we wanted to try our best to try to make a difference in the lives of kids who were exposed to the system. Uh You know, we have good days and we have growth days, and I realize that now.

And all of my growth has come through challenges, not from happy times. When I first met my wife, and as we got serious, I had told her. that business and career was my thing. And if we were blessed to have children, that was going to be her thing. And that's the depth of my tunnel vision, imbalance.

Fear of failure. you know, is kind of all manifested in that one statement. And interestingly, our first child was pretty easy. And so, therefore, you know, I thought I could actually continue to operate in that manner. The second child was a lot more challenging.

And it was those challenges that led me to eventually realize how ridiculous that statement was. Gratefully, I realized that, and that began a journey of change in my life. which really came about in a significant way through intensive psychotherapy.

So once I started really Opening up and looking at, I guess, from a more Broad perspective at my life and my priorities and my behaviors, that really. Had a big impact on me, and I realized. that I needed to change, that I wanted to change, that I was on a too narrow of a path. And if I continued to c do what I was doing, which was quote unquote successful. in terms of you know my career in my business it wouldn't lead to success.

in you know being a father, a husband. And really a loving and light-filled human being, member of society.

So Yeah, that was 2000 and In nine. when I you know came to that realization and that changed my life because I actually Decided that I was going to retire from the career that I had. And return all of the money that I was managing for my investors. and focus on my family, focus on being a human being rather than a human doing. I um had no idea what Incredible things would come out of that.

I didn't, there was no plan other than. Two. Change and not focus on business like I had been.

So many things happened as a result of that that I could never have anticipated, all good. And that includes the Blaven Scholars Program because Up to that point, I while we had the program, I hadn't been very involved in it, meaning I wasn't developing relationships with our scholars and so on. The Blaven Scholars program is holistic. From the moment a scholar is accepted into our program, we go to work, beginning with moving in essentials.

So oftentimes our Scholars come to campus without parental support to move in, without. Funding and belongings, really, that you need to live as a college student.

So We, as a program, help them move in, help them with the move-in essentials. And we actually have a wonderful church group that provides move-in essentials for each of our scholars. And we have a food pantry at the Blavin Scholars office in Inn Arbor for food when it's running low. And then we have a program director and coaches that are full-time with our program. Who connect one-on-one and are there 24-7 for each of our scholars?

uh when they're in need. And they're there for them the entire time that our scholars are enrolled in school, and even after, you know, because they come back as alums. And then we have programming throughout the year for our scholars, whether it's financial literacy, career, programming. programming and internships. Helping them find internships, helping our scholars write resumes, cover letters, how to network.

And this is an area of increasing focus for us. Tutoring. uh psychological counseling We provide emergency funding, so if the scholar is facing some financial hardship, we can help soften that blow and bridge that gap. We have twice as many faculty mentors that have volunteered to be mentors of our scholars as we have scholars. You know, oftentimes our scholars do not have places to go during the holidays.

when every when the campus is emptying out And our program helps, it does provide For year-round housing. And so, you know, money and scholarship is not the secret sauce by any measure. What is the secret sauce is connection and community and support. And you've been listening to a remarkable story by Paul Blavan, moving from success and workaholism to significance and real purpose. And my goodness, foster care kids, when they come out, the statistics are so grim.

We've been there, my wife and I, on many occasions with such kids, and they need so much. Actually, they need what all kids need. And I always ask people, imagine what your life would be like without parents who helped you with all of these things. And that's where Paul's scholarship program comes in. It's not just money for school, it's money for life and the building of an independent and good life.

When we come back, more of Paul Blavin's remarkable life story here. on our American stories. Is your Jesus shaped more by culture than scripture? In our instant world, we've made Jesus a life coach, a therapist, a political ally. The Missing Messiah, a new book by Kyle Eidelman and Mark Moore, helps us understand how Western culture has gradually reshaped Jesus into our image and recognize the difference between a personalized savior and revolutionary king.

If you believe there's a more dangerous, more majestic Messiah than the one you've inherited, visit missingmessiah.com to learn more today. Support for the show comes from Public, the investing platform for those who take it seriously. On Public, you can build a multi-asset portfolio of stocks, bonds, options, crypto, and now generated assets, which allow you to turn any idea into an investable index with AI. It all starts with your prompt. From renewable energy companies with high-free cash flow to semiconductor suppliers growing revenue over 20% year over year, you can literally type any prompt and put the AI to work.

It screens thousands of stocks, builds a one-of-a-kind index, and lets you backtest it against the SP 500. Then you can invest in a few clicks. Generated assets are like ETFs with infinite possibilities, completely customizable and based on your thesis, not someone else's. Go to public.com/slash podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com/slash podcast.

Paid for by Public Investing. Brokerage Services by Open to the Public Investing Inc. member FINRA and SIPC. Advisory Services by Public Advisors LLC, SEC Registered Advisor. Generated Assets is an interactive analysis tool.

Output is for informational purposes only and is not an investment recommendation or advice. Complete disclosures available at public.com/slash disclosures. Mm-hmm. Life gets messy. Spills, stains, and kid chaos.

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Our modular design lets you rearrange your sofa effortlessly. Perfect for cozy apartments or spacious homes. Plus, they're earth-friendly and built to last. That's why over 200,000 happy customers have made the switch. Don't miss the Memorial Day sale.

Save up to 60% site-wide and get a sofa starting at just $699. Visit washable sofas.com now and bring home a sofa made for life. That's washable sofas.com. offers are subject to change and certain restrictions may apply. Have you heard about Klarna?

Klarna is an app designed to make everyday spending simpler and more transparent. It gives you flexibility to decide how you want to pay, whether that's paying right away, paying later, or spreading payments over time, depending on what works best for you. Everything is managed in the Klarna app, so you can keep track of purchases and stay organized. You can also discover deals and even earn cash back when you shop through the Klarna app with participating brands. It's all about flexibility and staying in control of how and when you pay.

Download the Klarna app today or visit Klarna.com to learn more. Terms apply. California resident loans made or arranged pursuant to a California finance law license, NMLS number 1353190, learn a balance account required to be eligible for cashback points. Limitations, terms, and conditions apply. And we return to Our American Stories and to Paul Blavin, former Wall Street workaholic, turned founder of the Blavin Scholars Program, which provides support and community to foster care youth who have aged out of the system.

Let's return to Paul with the rest of the story. Uh Because I had left the business world and Was more open to engaging in a hands-on way with our Blavan scholars. My wife and I have. You know, developed relationships with many of the scholars because we were on campus fairly frequently, and we get to know our scholars. And it just so happened that there were a few that we get much closer than others.

The first Blavan scholar to express interest in becoming a medical doctor. was a young man named Joseph Sedlak. who my wife and I met. 13 years ago as a freshman, And we stood in awe as Joseph went four years as a biomedical engineering major. with near perfect grades, graduating summa cum laude, sitting for the MCAT, in 2013 and scoring the hundredth percentile.

Top in the country. And this is a young man who overcame incredible obstacles, very similar to Dave Pelzer, really.

So it was a miracle that he even got to the University of Michigan, let alone performed so strongly. We got to know Joseph right away, so as a freshman. And, you know, over the subsequent years, Joseph was with us for family holidays and You know, he just... He came into our hearts. It was sort of a natural progression to want to adopt Joseph and.

You know, Joseph's been with me for many important, very important things in my life, including coming to faith. on August 7th, 2016 in Kenya. And traveled the world with our family, and we decided to formally adopt her. And Joseph, of course, is also. My business partner, that's really remarkable.

Our son Joseph came to me in April 2018 Well, he was a uh MD. PhD student at Harvard. With an idea that he thought was very compelling, and he wanted to share with me. And that idea was a novel approach. for the early detection of cancer with a blood test.

And Joseph had dedicated his academic career and his career in general to serving those with cancer and helping relieving suffering and saving lives. He had determined that in order to have the biggest impact, He believed focusing on early cancer detection when cancer can actually be cured had the greatest promise. And so Joseph had an idea for a novel approach for the early detection of cancer and He discussed it with me and I hadn't had a life science class since 10th grade. for my career I was a disciple of Warren Buffett. and Benjamin Graham and others.

who practiced Value investing and staying within a circle of competence that. in my case, definitely excluded technology, biotechnology, the exact type of thing that Joseph was proposing. But fortunately I had retired and Was different, you know, had changed. And so I encouraged Joseph to take an authorized leave of absence. if he could get it from Harvard Medical School.

to pursue this idea and And I backed him financially. Joseph was courageous enough to take the authorized leave and and go for it and Joseph and a team of two scientists Turn Joseph's literally Joseph's idea, hypothesis, into a practical test. And we now have a team of about twenty five people just outside of Boston, and we have a patented approach that is novel and is powerful for the early detection of cancer. And this really is a David versus Goliath story because Goliath in this case is there are several companies that have raised billions and billions of dollars to pursue a blood test for the early detection of cancer, and they're all using a different approach. They would not pick up enough early cancer cases.

to be clinically meaningful. And Joseph's idea was a different approach that He believed. Would be more clinically meaningful for early cancer detection, and it's proving out to be true.

So we have uh Team of 25 people outside of Boston. We just Completed our Series A financing and we raised over $41 million.

So we've raised almost close to $70 million since inception. And we think we can save lives through the blood test by detecting cancer early when it can be cured. You know, and this all came about from the Blaven Scholars Program and the miracle that is Joseph. I met Dianco, who's our son as well. And right away, there was just again there was just a connection, a strong connection.

Dianco has the distinction of being the only Blavan scholar to play football at the University of Michigan. And when I met Dianco, he was a 21-year-old transfer student. He had attended a junior college. And had transferred into the University of Michigan. And right away, he told me: my dream has always been to play football at the University of Michigan.

Now I'm here. And the athletic department is telling me I will never be academically eligible to play. And that did not sit well with me.

So it was literally within, I think, 72 hours, I was sitting in a room with. Dianco and The head of student life, an amazing woman named Royster Harper. And We came up with a plan. It was a very hard plan for Dianco to get through because it required. Tremendous amount of progress, of studying, of academic achievement.

It was really like threading a needle, but you know, Dianco was determined and By God, he did it. Checked every box and Dianco had the opportunity to try out, and he made the team, and he was academically eligible. Wow, that was amazing. And so eventually, you know, again, another natural. connection that led to us adopting Dianco.

And he is our chosen son too. And then there's a third Blaven Scholar we're moving towards legal adoption right now.

So to the extent that one of our scholars wants to become part of our family, of course, we're very open to it. Each of our scholars really does have an incredibly inspiring story. My faith plays an increasingly important role in my life. You know, when I look back on my life, I see very clearly that it's really God's will. that has had the biggest impact on my life.

Not my will. You know, there are many things that look like they're just serendipity, but I don't believe in that. Everything good in my life has come from having an open heart and keeping a check on my ego. Leading with humility, leading with an open heart, and being open to God's will as opposed to my will. And you've been listening to Paul Blavin.

What a transformation in his life. from this Wall Street workaholic To a guy who ends up saying at the close of his own story, everything good in my life has come from leading with an open heart. And leading with God's will, not mine. I don't think Paul could have imagined saying that sentence when he was 21, let alone 30. And that's the beautiful thing about life if you're open to it.

I also love that he said there are good days and growth days, and that we all learn most from challenges. Notice he didn't say good days and bad days. Great way to look at life's problems as opportunity. And my goodness, the heart he has for people, he adopts not one but two, and he's on his way to three adopted children, grown children. And this we do a lot on this show: adoption, one of the most beautiful, self-sacrificial acts of love a human being can perform for another.

Paul Blavin's story, We Hope, inspires others to do the same here. on our American stories. Imagine winning game day before the whistle blows. With American Express as the official payments partner of the NFL, card members around the world can get used to that feeling and enjoy incredible experiences at select events all season long. Plus, with the American Express Platinum Card, you can get exclusive access to unique experiences at sporting events and concerts worldwide, getting you closer to the moments that matter.

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Need flexibility? Our modular design lets you rearrange your sofa effortlessly. Perfect for cozy apartments or spacious homes. Plus, they're earth-friendly and built to last. That's why over 200,000 happy customers have made the switch.

Don't miss the Memorial Day sale. Save up to 60% site-wide and get a sofa starting at just $699. Visit washablefas.com now. And bring home a sofa made for life. That's washable sofas.com.

offers are subject to change and certain restrictions may apply. Have you heard about Klarna? Klarna is an app designed to make everyday spending simpler and more transparent. It gives you flexibility to decide how you want to pay, whether that's paying right away, paying later, or spreading payments over time, depending on what works best for you. Everything is managed in the Klarna app, so you can keep track of purchases and stay organized.

You can also discover deals and even earn cash back when you shop through the Klarna app with participating brands. It's all about flexibility and staying in control of how and when you pay. Download the Klarna app today or visit Klarna.com to learn more. Terms apply. California resident loans made or arranged pursuant to a California finance law license, NMLS number 1353190, learn a balance account required to be eligible for cashback points.

Limitations, terms, and conditions apply. Mm.

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