Many people want to have more money – OK everyone
does. However, most people don’t know how to go about
building wealth, even if they are high income earners.
Their money often just sits in their bank account,
because they really don’t know what to do with it or they
are too afraid to take a risk. When it comes to us, the
actors and artists, we also don’t want to risk losing the
scant amount of money we have earned because we
need that to make ends meet while we pursue our
artistic careers. What you have to seriously ask yourself
is, with the scant amount of money and what you have
to do to earn it, do you really have the time and energy
to pursue your artistic career?
That is the dream isn’t it? The dream of every actor,
artist, and creative professional. To be able to pursue
our artistic dreams and passions stress free. To be able
to follow the artistic path without worrying where next
months rent is coming from. To be able to be free from
the pressure of finding artistic work and just let it
happen.
In our Artist’s Prosperity System we have our clients set
up and build a “wealth account”. This is the money they
can then use to invest however they wish. Yes, I said
invest. No, don’t run. I know that word send shivers
down most people’s spines, but that is because most
people really do not understand investing or what their
options are. It is just too risky, too unknown.
The key to achieving our artistic freedom is to accelerate
our financial wealth by investing regularly. Investing is
the way to get your money working for you instead of
you having to work for your money. In time, your
investments will generate more than enough income for
you to live off of – allowing you to focus your time on
what you really want.
Investing is a funny thing because it is something that so
many people talk about doing, but never actually do.
They don’t do it because they are not educated about it
and they are not financially prepared for it, which makes
it too much of a risk, too scary. Well, most of our
clients are not in a position to invest when they first
start with us. However, when they make the
commitment to pay themselves first (building a wealth
account), getting financially right side up, and following
the other steps of our system, often in six months or
sooner they are ready to make their first investment.
Investing does not mean parking your money in a mutual
fund and hoping for the best. It means taking advantage
of one or more of the many huge investment
opportunities available that can generate solid returns
without much risk. It also means you need to do your
homework. In our seminars, we educate our students
with regards to the many types of investment
opportunities that exist. We suggest that you start
allotting some of your time to investigate what
investment opportunities might be of particular interest
to you. This is important. Investing can actually
become fun when you choose vehicles that you enjoy.
What types of opportunities are available? One example
is the stock market. This requires a small initial
investment and there is potential for dramatic and quick
increases. Of course the downside is you are not able to
leverage your money. In other words, if you buy $5,000
worth of stock then you control exactly $5,000 worth of
stock.
There is also real estate, with which you have the ability
to really leverage your money. In other words, a $5,000
down payment might purchase a $50,000 property. Also,
owning real estate allows significant tax savings and the
possibility for passive income. Of course, you have to
deal with tenants, etc., but this may be right for you.
There are numerous other investment arenas to learn
about: Index funds, vending machines/video games,
laundromats, health clubs, restaurants, land contracts,
tax liens. Browse through books at Barnes & Nobles and
attend seminars (many of these are free – just don’t buy
a bunch of stuff at the end until you have really decided
what you want to do).
It is extremely important to start your research before
you are financially ready to invest. First of all, this fuels
the fire of desire and helps keep you moving forward. It
also means that when the time comes, when you have
the money in place, you will be ready to go. We suggest
to our clients that they use the time between when they
first come to us and when they are ready to invest as a
valuable and stress-free time to begin investigating all of
the possibilities so they know what interests them.
So take action now. Help yourself to get out of financial
despair and find your true artistic freedom. This means
start researching and start building your “wealth
account” so you can live life on your terms.
