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#14 - Finances for Actors - Part 5 (Monthly Budget) & Part 6 (Compound Interest)

#14 - Finances for Actors - Part 5 (Monthly Budget) & Part 6 (Compound Interest)

Released Wednesday, 12th June 2019
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#14 - Finances for Actors - Part 5 (Monthly Budget) & Part 6 (Compound Interest)

#14 - Finances for Actors - Part 5 (Monthly Budget) & Part 6 (Compound Interest)

#14 - Finances for Actors - Part 5 (Monthly Budget) & Part 6 (Compound Interest)

#14 - Finances for Actors - Part 5 (Monthly Budget) & Part 6 (Compound Interest)

Wednesday, 12th June 2019
Good episode? Give it some love!
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The dreaded “B” word.


Budget:


For some reason I shrivel up at the word budget.


I associate it with restriction, which I associate with losing weight – it’s just not a pleasant thing for me.

But, we do need to know where we are, before we achieve where we’re going.


So – here are my tips on discovering how much goes in and out each month (yes, even on an inconsistent actors’ salary).


If you have more money going out than in each month there are only two solutions

  1. Spend Less, or
  2. Make More


Which one works best for you?



Compound Interest:


Check.


Out.


This.


Chart.


*This* is why I do what I do.


https://www.businessinsider.com/compound-interest-chart-march-2016-2016-3



**Disclaimer: I (Michelle Dyer) am not a financial advisor, please contact one. The views expressed are strictly my own and do not reflect my employer.**




See acast.com/privacy for privacy and opt-out information.

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