Money, cash, moola

Todays interesting topic is money. It's a hot topic, can be a stressful topic and always has great energy around it. The trick is managing the energy...

Being an artist is one of the worst business decision one can make. Its subject to whims and moods and it's the first thing to go in a down economy, unless your in the 1% crowd.  So why be an artist......passion? Yes, but there are many reasons to not follow money as a way of life. I have many friends who are not artists, not wealthy and follow their desires rather than money. It can make cash flow tougher at times, but i think it makes for a more meaningful life. Having said that, there are practical pieces of this life puzzle that need to be put in place. We all need a base income. If our rent / mortgage and other basics are not covered then stress occurs very easily. But if the basics are covered then creativity can sore....

Heres the thing....what are the basics? What is important to you? I've decided i don't want to have a shitty job unless i have to, like really have to.......Im committed to my art career, which means i do not have the energy to have another career. So that leaves me with shitty jobs....crappy, but a reality. Ok, i can handle that. So what then is really important? Everyone needs to decide and ask these questions.....we are taught to spend from day one. We are taught a certain level of entitlement that, in my humble opinion, we should challenge within ourselves.....

I decided just because im "poor" today does not mean i have to be poor forever. I have financial goals. A savings, stocks, and an emergency account. Poverty doesn't mean bad decisions. And lets be clear, poverty in this country is actually ok.....( for a single person )

I'm recommending this book to anyone who hasn't a clue where to start. It literally was the beginning to changing my financial life. "Rich Dad Poor Dad" . $10 and i had a whole new way of looking at my life. I can get stressed about my month or week but i know my future is looking awesome!! 

So then what is really important and what do you want to spend your money on? If you buy a Starbucks coffee 3 times a week for 40 weeks of the year, thats $300......the same for lunch three times a week, at $10, thats $1200 a year. Thats $1500 a year!!! Do you wanna spend your money doing that? Or do you wanna go on a holiday? Or buy a piece of art from a local artist? Haha, had to stick that in....If i look at this basic math, with a shitty job at $15 an hour, thats 100 hours just to have coffee and lunch three times a week.......Im not doing it!! Simple.....

Some people make enough money and don't care. And if i made more money i might not care either. But its a good place to start to see where you want to spend your money. What are you working for? A life style? Clothes, eating out, a new car, a big house, maybe kids....start adding up what you spend your money on. Get a big piece of paper, put it on the wall and write down for one month, where all your hard earned money goes. You can't change it if you don't track it. Assumptions are almost always wrong. 

Having said all this there is a huge emotional component to consumerism. Well life really but were on this hot money topic.....Sometimes i just want to go out to a restaurant with friends, be seen, meet someone new, talk to the cute server, what have you, and spend some money. Sweet! But when we track our money habits, then have a hard look and see what were spending money on, we can start to change our emotional reactions to spending. Money is not just money. Challenge your assumptions. Do i need to spend $400 a week on groceries? There is enough food in the cupboard to feed a small army......why do i need more......why am i buying so much food? Maybe its a security thing. Maybe it just makes me feel good. Im going to buy a new car, should i buy this fancy Audi or a Toyota. The difference is $300  a month.  Why do i want the Audi? Because i can and its hot and i feel cool! And i have the money and a secure job i love. Sweet!!!

I have literally budgeted really tightly for a week to buy something i really wanted.....yup we all do it.....It doesn't matter what you spend your money on, the point is if you want to spend your money on something just know why your doing it and the reproductions of that decision. Make the decision you want. Be present in your life decisions. Your the driver. Drive....