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

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Manage episode 235903520 series 2333776
Indhold leveret af Michelle Dyer. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Michelle Dyer eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

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.**



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

15 episoder

Artwork
iconDel
 
Manage episode 235903520 series 2333776
Indhold leveret af Michelle Dyer. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Michelle Dyer eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

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.**



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

15 episoder

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