#4 - Even Broadway stars should have a side hustle - Interview with Meredith Patterson
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Acting Successfully with Michelle Dyer
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I don't care if you ever listen to any of my other episodes... if you currently are, or one day hope to be a working actor, you need to listen to Meredith Patterson - NOW. Ok, now it would be super cool if you listened to my other episodes, too, but this one is kinda epic, because the advice I'm trying to share with 'yall is not coming from me - it's coming from Broadway Star (42nd Street, White Christmas) Meredith Patterson! Golden Gems!!
- 3:20 – 4:47 Survival Jobs – why?
- 6:28 – 7:00 Why everyone needs a side hustle
- 10:08 – 10:32 Regional Work
- 11:18 - 11:38 The Business of Show isn’t something we really think about...
- 12:03 – 12:22 Think Like an Entrepreneur – When you get to a certain point of your career...
- 13:12 - 14:07pm – Start Building something now – biggest advice to people now starting
- 14:28 – 15:09 - Testing for TV shows – emotionally what that can do to you. If you have some other type of income come in - Allowing you to still be an actor.
- 17:34 – 17:51 – I wish there was a blueprint for this business. This is how it is – let’s be real
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#15 - Finances for Actors - Part 7 (Emergency Fund), Part 8 (Retirement) & Part 9 (Debt)
Emergency Fund:
An emergency fund is money that you put into an account in case of a rainy day.
Actors – this is not money you use from one job to the next – it’s money kept for true emergencies.
I like setting up an emergency fund in a money market account (that’s liquid – aka can sell at any time) that doesn’t show up on my online banking, so it’s out of sight and I’m less tempted to spend it.
Experts recommend saving 6-12 months of expenses in your Emergency Fund.
**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.**
Retirement:
“Retirement?! Why do I need to be thinking about retirement in my 20’s? I’m just barely getting by now!”
Check outmy blog post on Compound Interest.
…and my favoriteJP Morgan Compound Interest Chart
The earlier you start saving, the better off you will be.
Your future self will thank you!
Debt:
Items Referenced:
- Book –The Total Money Makeover – Dave Ramsey
- Workshops –The Actors Fund
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#14 - Finances for Actors - Part 5 (Monthly Budget) & Part 6 (Compound Interest)
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
- Spend Less, or
- 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.**
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#13 - Finances for Actors - Part 3 (Financial Basics) & Part 4 (Finances & Feelings)
**Disclaimer: I (Michelle Dyer) am not a financial advisor, please contact one. The views in this video are strictly my own and do not reflect my employer.**
This audio is taken from a series of videos I made on YouTube called Finances for Actors - the playlist can be found here: https://www.youtube.com/playlist?list=PL7SaDpSM3GOH0lDaEuEvEvSv_VDps0bs7
https://MichelleDyer.com
https://SurvivalJobsForActors.com
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#12 - Finances for Actors - Part 1 (Intro) & Part 2 (Goals)
**Disclaimer: I (Michelle Dyer) am not a financial advisor, please contact one. The views in this podcast are strictly my own and do not reflect my employer.**
Since they don't teach the basics of a financial education in school, instead of being frustrated & just complaining, I made some YouTube videos. Well, I wanted to bring that info to the podcast. So click Here if you want to check out the Playlist on YouTube.
Like I mentioned above, I am not a financial advisor, but I did learn a lot from these authors and books listed below. If you're interested in more info, definitely check them out.
·Suze Orman – The Money Book for the Young, Fabulous & Broke
·David Bach – The Automatic Millionaire
·Tony Robbins – Unshakeable: Your Financial Freedom Playbook
Thanks for listening and be sure to rate and review the podcast to let me know what you think! Thanks so much!
~Michelle
@MichelleDyerLaT
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SurvivalJobsForActors.com
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Affiliate disclaimer - the Amazon.com links above are my Amazon Associates links. Don't have your own Amazon Associates account? Dude! You could be missing out! Check it out here ---> Amazon Associates
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#11 - Finances for Actors - An Interview with Clayton Howe
**Disclaimer: I (Michelle Dyer) am not a financial advisor, please contact one. The views in this video are strictly my own and do not reflect my employer.**
In this interview with Clayton Howe, we talk about his path in managing his finances as an actor.
For more information on Clayton Howe:
- Podcast: Entertainment x
- Social: @InClayNation
The books we discussed:
- The Automatic Millionaire - by David Bach
- Unshakeable: Your Financial Freedom Playbook - by Tony Robbins
https://MichelleDyer.com
https://SurvivalJobsForActors.com
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