What to Do When Your Budget Collapses

My budget stopped working a few weeks ago.

I know what you’re thinking: “But Miata, you’re perfect with money…how could YOU have budget issues?” ☺

Well trust me, even I have budget issues and this last month was a doozy!

You may know that I have two children. They had some big expenses come up…as did we.

At the same time, we were invited to several events, which we agreed to attend…none of them inexpensive. We made a huge mistake and said “yes” to   Continue reading this post >

Is a Second “Side Job” the Right Answer?

Overworked

Is a Second “Side” Job the Right Answer?

If you’ve ever thought about earning more money, you might have turned immediately to the idea of taking on a second job. But as artists we know that a side job isn’t JUST about more cash in your pocket… It is important to seriously weigh the consequences on your craft and any other income streams you already have.

The Money Crunch

Everyone’s had a time in their   Continue reading this post >

Lowering the Cost of “The American Dream” Part I

AmericanDreamA recent USA Today article caught my eye. They said that the “American Dream” now costs $130,000 a year. Wow! Even as someone who works with people on their money, I was astounded. For those wanting to focus on creative endeavors that can feel like an impossible amount.

….then I began reading.

Let’s take a look at their list of expenses and consider how we might be able to make the dream more   Continue reading this post >

What Did We Learn in 2013?

Newyear fireworksI love looking back at the prior year to find lessons I should have learned from the previous twelve months. Maybe it’s just my love of reminiscing, but even if you’re just starting out on your investing journey I think this is a good time to search for ideas to remember later. History often repeats itself, so you’ll be a better saver if you keep in mind some of the   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 >

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:

–         Continue reading this post >

Challenge Common Money Asssumptions

Yesterday I was reading a piece about retirement planning. The author, a popular money guru, was making the case that before anything you should save toward retirement. I laughed when I read it because as an artist who also works with artists, I’ve learned to challenge assumptions. Most of the creative people I work with would like to retire, but they’re also into living a balanced life: they aren’t going to give up their art today to put a few   Continue reading this post >

5 Great Uses for a Tax Refund

In the 1986 classic movie Wall Street, Bud Fox (played by Charlie Sheen) is a young up-and-coming stockbroker who’s trying to make his mark in the world of finance. As he’s adjusting his tie before a big meeting with the titan Gordon Gekko, he says, “Life is made up of a few big moments. This is one of them.”

Well believe it or not, if you expect to receive a tax   Continue reading this post >

Doing Something vs. Doing the Right Thing

Finance is often as much about planning as it is about doing. I know that sentiment isn’t popular. We live in a ready, fire, aim world. Remember the phrase “The early bird gets the worm?” Society values the first mover. While speed and making decisions are certainly important factors in your success, it’s as important to focus on the right task as it is to be performing a task at all.

Here’s a story about two women I’ve met recently:

  Continue reading this post >

5 Tales of Financial Horror

I know Halloween was last week, but let’s keep the fun alive with some financial horror stories. Didn’t you love horror stories as a kid? I liked them…until I tried to sleep. Then, more often then not, I spent the night staring at the ceiling, sure that at any minute some disconfigured arm would grab me from under the bed.

 

The bad news is that we all have friends who have   Continue reading this post >