Artwork

Content provided by Michelle Dyer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Michelle Dyer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

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

12:23
 
Share
 

Manage episode 235903520 series 2333776
Content provided by Michelle Dyer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Michelle Dyer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://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 episodes

Artwork
iconShare
 
Manage episode 235903520 series 2333776
Content provided by Michelle Dyer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Michelle Dyer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://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 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide