The Power of Prosperity
Financial Tips E-Zine
For Actors, Artists & Creative Professionals
From Abundance Bound Miata Edoga
 

May 1, 2008
Vol. IV, Issue 5 

Please pass on The Power of Prosperity to your network.  To leave list or change email address, scroll to bottom.  

Word count for this issue:  1502
Approximate time to read:  Just under 6 minutes
 

This Week's Hot Links

Get this week's issue in full color on the web: http://www.abundancebound.com/prosperity050108.html 

The Power of Prosperity - Free Introductory Seminar         http://www.abundancebound.com/teleseminarschedule.htm

Monthly Money Management for Actors & Artists          http://www.monthlymoneymanagementforactors.com 

The Artists' Prosperity Boot Camp
Starts May 5th!
http://www.abundanceboundbootcamp.com 

A Note from Miata

It's so hard to believe it's already May!  Here in Los Angeles, we've already experienced our first little heat wave -- which is certainly making me nervous about the kinds of temperatures this summer may bring . . .

I hope you got your taxes filed and that it wasn't too painful for you. :)  If there is a good thing about the deadline of April 15th it's that it generally forces us to do at least a basic level of financial organization.  You have to pull together your earnings for the year and go through your expenditures looking for those valuable business deductions.

Unfortunately, waiting until tax time to gain some financial clarity may be costing you big money every single year.  Take a few minutes to read through the suggestions provided in this month's article.  Putting some time now into figuring out exactly where your money is going and making any necessary adjustments will allow you to approach your finances with a confidence that will extend far beyond just tax season.

Until next time - to your prosperity! 

Miata
 

What You Don't Know IS Hurting You

We're all familiar with the phrase, "What you don't know can't hurt you."  Unfortunately, especially when it comes to money, it's completely wrong.  What we don't know about money can lead to extremely painful and expensive mistakes.

What we want to achieve with this article is nothing grand.  No big concepts or sweeping statements.  Our goal is to provide just a few simple, practical things you can implement right away that can save anywhere from a few, to a few hundred, dollars a month.

The first step to getting a handle on your finances is completing a Chart of Expenses (mailto:info@abundancebound.com with "Chart of Expenses" in the subject line and we will send you this Excel spreadsheet).  This document will guide you in determining (in extreme detail) exactly how you are spending your money on a monthly basis.  It also allows you to determine your average monthly earnings.  Completing this chart can be a tedious process, but is a crucial part of really understanding your financial situation.

Something fascinating happens when you start to really look at your finances.  All of these things on which you didn't realize you were spending money will suddenly surface.  It is amazing (and frightening) to discover how much is disappearing through financial leaks we don't even know are there.

Some examples:

Where do you bank?  How much are you paying just to have your account?  Are you charged extra if you actually go into the bank and make deposits or withdrawals from a teller?  We had one student who had never realized she was spending $30 per month in "bank charges."  Explore what options exist for free checking, free savings, etc. -- then shift away from whoever you are currently banking with that is over charging you for this stuff.

What credit card do you use?  Another student had a "great deal" with American Express.  He was getting all kinds of special stuff . . . and was paying around $350 per year for it.  Once he looked into the services that were actually important to him, it turned out that there was a free option that provided everything he needed.  He had been paying that extra money every year for nothing.

Do you carry credit card "insurance?"  We have all been guilty of this one.  You know, the telemarketer who signs us up for a free 30-day trial of some service, offering a free credit report or something similar.  All we have to do is call and cancel if we don't want to continue . . . and it seems such an easy thing to do at the time . . . and yet somehow we never do!  Then three years later we find out we have been spending $40 per month for something we never used or cared about . . . you get the picture.

The point is that with just a little bit of effort, all of us can probably find an extra $25 - $100 or even more -- just by taking the time to really figure out where our money is going.  This is money that can start going to paying down debt, building investment accounts and actually creating a prosperous future.  This month, make a commitment to find and plug your money leaks.

Putting it off will just make it more expensive.
 

Take Action Around Your Finances

Need some help and support in clearly assessing your current financial situation and developing a strong plan for the future?

What I recommend to all artists is that you start with our Free TeleSeminar/Webcast:

The Power of Prosperity

If you're an artist who is tired of always struggling financially, join us for this 75-minute FREE class where you will gain an understanding of the steps that will allow you to take control of your money.  Learn about Abundance Bound and the ways we will support you on your journey towards financial stability. 

*** Please register even if you are unable to attend the call live.  We will send a recording of the seminar to your email address that you can listen to at your convenience. ***

Sign up here

Then consider one of the following programs:

Monthly Money Management for Artists

With this program, twice each month you'll receive a 30-minute audio recording designed to give you specific tips and tools that will allow you to develop the financial skills critical to your life as an artist.  Every month, we will focus on a particular topic of personal finance - from organization, to passive income generation, to investing - and give PRACTICAL, EASY TO APPLY advice on that subject:  the kind of thing that you can put into action in your life right away! 

Link here for complete details 
 

If you want more individualized guidance you're ready for:

The Artists' Prosperity Boot Camp

The "Artists' Prosperity Boot Camp" doesn't just dump tons of information on you, putting you into complete "overload."

This is a 10-week intensive program (taught by tele-seminar), where, with the help of a highly-skilled coach, participants learn AND implement each step of the Artists' Prosperity System.  Students will get financially organized, improve their money mindset, create debt plans, start developing passive income, and much more!

Link here for more info including graduate testimonials

For artists who want the accelerated growth that comes with extremely personalized attention:

Artists' Prosperity Boot Camp ELITE

We've taken our popular 10-week Boot Camp program and added weekly private coaching session - during which participants receive one-on-one support in the achievement of personal financial goals.  In addition to learning and implementing each step of the Artists' Prosperity System, students will get extremely "hands on" guidance on all of their financial projects, such as business building, debt management, passive income generation and investment education.

Limited to only 6 students per class!

Details here
 

About This Ezine and Your Subscription

©2008 Miata Edoga, All rights reserved.  You are free to use material from the Power of Prosperity E-Zine in whole or in part, as long as you include complete attribution, including live web site link.  Please also notify me where the material will appear.  The attribution should read:

"By Miata Edoga of Abundance Bound.  Please visit Miata's website at www.abundancebound.com for additional articles and financial tips for actors, artists & creative professionals." (Make sure the link is live if placed in an E-Zine or in a website.)  

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All the best,  

Miata Edoga   -   Abundance Bound  

Financial Education for Actors, Artists & Creative Professionals
P.O. Box 46517
Los Angeles, CA 90046
800-768-0281