Avoiding Budget Buster Moments

Blocks Spelling Budget Falling Over As Symbol for Spending And BusinessWe’ve all had them: everything’s humming along fine with our craft and then there’s a special trip that “everyone else is going on.” Suddenly you’re spending money like a half-crazed couponer at a going out of business sale.

We call it the “budget buster” moment.

What is a budget buster moment? It’s when you’ve been a good saver for a long time and   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 >

Hope For Rainbows But Plan For Rain

When I first begin a new relationship with someone ready to begin building their financial house, I find one scenario repeats itself over and over: most have experienced some severe money problems that don’t seem to let up.

It’s like a nightmare where a tornado goes through town, followed by a hurricane, and then the overdue tax bill (that you didn’t know you owed!) arrives.

The truth is that it can sometimes be that bad in real life. Recently, I worked with   Continue reading this post >

Your Budget and You: Changing Buying Habits

Your Budget and You: Changing Buying Habits

Even though I’m an actor myself, when I watch a film, play or television show, it still fascinates me how the best performers draw me in. For those two hours or so, I believe they’re the character instead of the same person I saw three months earlier playing someone completely different. They make it look effortless. Of course, because of the years many of us spend studying our craft, we know how difficult it   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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Fighting the Summer Spending Spree

Fighting the Summer Spending Spree

Let’s admit it: summer is the time of year when the pocketbook opens a little easier. It’s nice outside. If you have children, they’re wandering around the house a little bored. Friends send invitations to parties out on the deck or maybe at the beach. Amusement and water parks seem to call out to you…and once they lure you in with pretty lights   Continue reading this post >

Masterminds, Mentorship and Success

Masterminds, Mentorship and Success

You’ve probably heard the saying, “We are the product of our friends.” This is so very true. It shouldn’t surprise you that nice people who are knee deep in debt often have friends who are also debt-ridden. Perhaps they share feel good lines like, “I don’t need money when I have love.” While love won’t bring you more money, the two don’t have to be mutually exclusive.

On the flip side, some of my most creative friends also   Continue reading this post >

Plugging Money Leaks

Plugging Money Leaks

Our bathroom faucet drips all day if you don’t turn the faucet hard enough. I learned that the hard way, noticing the dripping only after a whole weekend away. Sigh. My only thoughts as I twisted the handle as hard as I could, were about all the money I’d let drip down the drain.

I’ll bet I’m not alone, though. How many parts of your budget are you   Continue reading this post >

Fighting Past “I Can’t Afford It”

How often have you caught yourself saying: “I Can’t Afford It”?  That’s one of the most disempowering phrases we can use in our creative lives. “I can’t afford it” is the financial equivalent of “I don’t deserve it” or “I’m not ready for it.” Of course you deserve it, and of course, you’re ready.

You just have to tell yourself that you are ready, you deserve it, and all you need   Continue reading this post >

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 >