Let’s talk about philanthropy. This is where the real power and true joy resides.
I first realized this when I interviewed smart women for my first book, Prince Charming Isn’t Coming: How Women Get Smart About Money. I thought the whole purpose of taking the financial reins was to have more money in the bank.
But these women were telling me there’s more. Knowing how to invest wisely is merely the first part of taking fiscal responsibility. The other part, equally important, is recognizing you have the power to effect change.
I’m convinced this as an inevitable, evolutionary process. Once a woman becomes financially secure, there’s a natural progression from needing to get a grip on her money to wanting to extend her reach in the world.
As we stop waiting to be saved, we start wanting to serve. As we figure out how to invest for the highest returns, we start wondering where we can invest to achieve the most impact.
Yet philanthropy is usually the least thought out, most disorganized, part of our financial activities. We give more thought to buying a pair of shoes than which causes we donate to.