Top 5 Features To Look For In A GOOD Checking Account

We want to spend lots of time on our craft… not on banking, so it’s important to have a checking account that gives us the ability to do everything we want, whenever we want.

The problem is, most of us have had the same bank account for a long time and have no idea what’s widely available.

Banking has changed significantly in the last five years. Banks are worried less about branches and now focus on online services… Well, at least the   Continue reading this post >

Four Apps To Kick Start Your Savings

SavingsI often hear stories from creative professionals about their difficulties saving money. I completely understand. When faced with a project today for our art versus some far off goal, it’s hard to put away a dollar that could help right now.

Yet, I also know that the only way to financial independence is to save for the future. Every dollar we spend now is a dollar that could have secured our dreams   Continue reading this post >

How to Create an Investment Portfolio

How to Create an Investment Portfolio

Remember when you started the journey toward becoming an actor, singer, writer, painter, or whatever type of artist you may be? You probably didn’t know much about many of the technical aspects of your craft.

Well, it’s similar with investing.

The first question I’m often asked when someone is ready to begin his or her investing journey is, “Where do I start?” That’s always a difficult question to answer because it could mean a number of things:

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Non-Conformists Are Born to Be Better Investors

Remember high school? Were you a person who wore what everyone else wore or did you stand apart?

I’ll bet you didn’t follow the crowd. That’s rarely the artist’s way.

Why do I bring this up? I only mention it because it turns out that creative people – those who are willing to go against the grain – should be great investors. Consider this: a financial company (Blackrock) sent out an email recently discussing the fact that many investors chase “negative returns.”   Continue reading this post >

Giving Your Money the Gift of Momentum

Remember setting up domino chains when you were a kid?:

 

I think artistic people understand more than others what these falling dominoes can represent. One positive result leads to another: an artist is shown in a gallery in Los Angeles, and a dealer in New York sees the show. That leads to a second show in Manhattan. An actor scores a part in a play that’s attended by a big producer. The actor’s next role is   Continue reading this post >

Start. Saving. Now.

In our last post I discussed (among other things) setting up an automatic savings plan. I’ve received some questions about why this works. If you’ve found that you have trouble starting your automatic savings plan, today’s piece is for you.

I’ve found something awful happens when a dollar appears in my wallet.

I spend it.

Maybe this doesn’t sound like a special revelation, but over the course of the last week I asked a few friends if money disappears from their wallets. It   Continue reading this post >

7 Great Money Moves to Sprint Into September

What is it about September? People walk a little more quickly. Long evenings under the stars with friends become nights at home in front of the computer. Kids go back to school. Client work picks up. Projects roll. The world shifts into gear again.

This is a time for productivity. It’s a time to set up a successful move for your art. If you’re going to celebrate a great 2012, this is the time to clean up your financial picture so   Continue reading this post >

5 Lessons from 2011

This time of year I like to look back over the last twelve months and reflect. For me, life is about making mistakes–mentors have told me that if you don’t make any mistakes, you aren’t moving fast enough. This year has been a whirlwind, so I must have made some real doozies!

While it certainly can be difficult, I try not to dwell on my missteps as long as I learn from them. At this time of year, I also like   Continue reading this post >

Build Your Financial House of Brick

Remember the three little pigs? Sure you do. The moral of the nursery rhyme was simple:  build your house right the first time and it won’t be blown over.

In the arts, we’ve all heard this advice before. It’s the quality of our work that brings people back. We’ve watched suspiciously as performers with gimmicks shoot to the heights of fame for a few brief moments; but it’s only quality work that helps ensure a long, prosperous career.

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Using Online Bank Accounts

So you’ve finally checked your bank statement to discover that you’re getting nearly no interest from your savings account. Should you check out online bank accounts or are those risky?

Internet banking isn’t for everyone. I could never tell my mother to open an online account because she wouldn’t know how to withdraw funds and would worry that she couldn’t run down to the corner to take it out. That said, usually your best interest rates are going to be found   Continue reading this post >