The word itself sends a shiver down my spine.
As an actor, I naturally know nothing about it.
Joke aside, I know plenty about it. Or rather, I know plenty about how I interact with money:
- I know that I’m scared of it.
- I know that I don’t know enough about it.
- I know what a lack of it feels like.
In essence, my formal education in Money has been through a hard-won degree attending The School of Emotions. (Perhaps I’ve seen you on campus?) And it’s no wonder that being an actor and freelancer makes us feel this way. Just look at the vocabulary used regarding money:
- Survival job
- Filthy rich
- Trust fund kid
Each of these terms are brimming with emotion. There’s a distinct feeling we get talking about money. For myself it’s mostly dread. Because I made the decision to be an actor not based on the money it would bring me, but the love I had for the craft. I didn’t rationally sit down and say this is how I will pay bills and plan for the future. Like many actors and freelancers, I jumped head first into an industry I desperately needed to pursue, consequences be damned.Personal Finance for Actors and Freelancers (The Beginning of the Journey) #acting #actorslife Click To Tweet
If you’ve read some other articles on Actor Life Hack such as the interviews with casting directors, or the mindset articles, you’ll know that I do my research and generally know what I’m going to write about and communicate.
But for this post, I want to simply say that I’m learning. I’m in the process of figuring it all out. I’m not an expert on this. Far from it. I’ve recently struggled with my own ignorance on the subject. And that’s what is propelling me forward. Like a baby asking his parents questions so he can understand the world. That’s what I’ve become. A baby. Okay, I’m getting off track.
The point is, I invite you to take a breath and think about your current relationship with money. And as Deevra Norling wrote in her fantastic Huffington Post article, Money is Not About Finances, It’s About Emotions, “what we should be striving for is to develop a healthier relationship with money.”
I believe a great first step towards having a healthier relationship with money is to become financially literate. To take a step back and admit that what we don’t know about money can hurt us. So if I commit to learning, to listening, to educating myself about how to manage and make money, I’ll be in a better position.
I plan on sharing my journey with you, and I hope you’ll comment, share, tweet, and what-have-you about your journey as well.
I’m looking into:
- Sideline jobs that can bring in more money while I’m pursuing my acting career
- Ways to make money online so that when I’m away on a gig I can still earn money
- How to pay off my student loans with inconsistent income
- How to pay off credit card debt the smart way
- Ways to reduce my expense column
- Ways to increase my asset column
- Resources that will aid me in becoming financially literate
- Mentors and people who have succeeded with their finances on a freelancer’s budget
- In general becoming aware of what I don’t know
This blog is about practical information that empowers actors. And this article is meant to begin the conversation for this particular journey. I know that it will take a paradigm shift or two to get where I want to be financially. And I’m happily embracing that. I hope you’ll join me.
And I’ll leave you with this this quote I found from financial guru Suze Orman, who has some great thoughts on this:
“People really do not have a clue at all. They think the reason they are miserable — that they are an emotional wreck — is because they have absolutely no money. They honestly think that if they had more money they would have fewer problems. The problem is that it’s not true! The reason they don’t have more money is because of how they feel about their life and who they are. Who you are determines what you have and get to keep. You define your money. You define the things around you. But money and the things around you can never truthfully define who you are.”Personal Finance for Actors and Freelancers (The Beginning of the Journey) #acting #actorslife Click To Tweet
Comment below about your own questions or challenges regarding money and your actor or freelance life.