A Candid Interview with Patricia Annino!

Patricia was recently interviewed to get her insights on women, money, and philanthropy  Here are some of Patricia’s responses.  We hope you find them helpful when considering the way you look at, manage, and gift your money.

What does money mean to me? Freedom, control, independence

What does money help me to do? Make my own choices about the way I live my life- how hard I work, what I choosework-life scale image to do with my time and what I choose to give money to.

Is money a means to an end or and end in itself? A means to an end- money is a medium- it can be used in whatever way the person who has it decides- by itself it is neutral. You can use to buy items, support a lifestyle, invest in businesses or assets and give to philanthropy you choose- what you do with money is under your power and control. It is part of the journey – not a destination

How do you think about money in connection with philanthropy?

Time, treasure and talent are all important when it comes to philanthropy. They are three legs to the stool.

The treasure, or money component is one that is typically based on the way that you have grown up with philanthropy – if you go to church every Sunday and always put a few dollars in the collection plate that started the way you think about money and philanthropy.

As life goes on in most families there is not a strategic discussion about philanthropy- it is part of the community effort or business effort of the family- and frequently an essential part of “giving back” but not an independent thought- for most families around the dinner table what to do with the treasure component of philanthropy is not a core discussion

Most of us learn the way that we view money –what is good to spend money on, what not to spend money on and how much to spend at that kitchen table. As we grow older we need to understand why we have money habits – vacations are okay, going out to dinner is not okay, going out to dinner once a week is okay, giving money to the church each Sunday is expected, giving beyond that is not etc and step back from those habits and think about why your spending patterns including your philanthropy spending pattern exists and independently evaluate it.

To me thinking about money and philanthropy is an evolutionary process- first you have to step back from your habits and then think about the extent you wish to be philanthropic with your time treasure and talent and then design a plan – as life goes on (and you understand and think about life as a movie not a snapshot) your philanthropy program should change and evolve as you do.

How often does the word “money” come into conversation when you talk with other women about philanthropy?  Because of what I do for a living – fairly frequently and because I am in my 50s fairly frequently –when I look back to earlier times of my life it was not a topic that was frequently used with my friends and that is because there were other “more pressing” topics of conversation- children, building career, husbands, relationships. As you mature and life evens out I have found that there is the mental space to think about the connection to the bigger pictures in life, what matters and broader contributions.

Patricia Annino
is a sought after speaker and nationally recognized authority on women and estate planning.  She educates and empowers women to value themselves and their contributions in order to ACCOMPLISH GREAT THINGS in the world – and in so doing PROTECT THEMSELVES, those they love, and the organizations they care about.  Annino recently released an updated version of her successful book, Women and Money: A Practical Guide to Estate Planning to include recent changes in the laws that govern how we protect our assets during and beyond our lifetime.  To download Annino’s FREE eBook, Estate Planning 101 visit, http://www.patriciaannino.com.

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