22 Feb

Finances for Actors – Part 1

So in 2017 I wanted to get back into working on Survival Jobs for Actors, but felt that the whole conversation around it was so much bigger – it’s so much more than just finding a Survival Job.

It’s about creating your financial future.

So, I started MichelleDyer.com and the podcast Acting Successfully with Michelle Dyer, because I wanted to talk about success in this career (without talking about how to sing, dance and act).

In the midst of all this, I kept running into the fact that schools don’t give you a financial education. They teach you geometry, make you memorize facts you’ll never use again, but no one talks about the beauty of compound interest – the value of investing early, when time is on your side. So, with encouragement from MelRob from The Biz of Show, I finally got around to putting together what I think the basic financial concepts that we need to know.

Now, disclaimer time – I am NOT a financial advisor, so please go talk to one, and this two cents of mine has nothing to do with my employer.

I just geek out about this stuff and think the concepts and knowledge that I’ve learned from so many of my mentors (via their books & podcasts) are so valuable for everyone to learn about!

It’s far from perfect, but I can’t let perfection be the enemy of “done“. My next project is turning this series into an Online Course – and I’m taping myself every step of the way, so I can show you how to create YOUR own online course! Yay!

So, check out the series. Check out some of my recommended books at the library, and check out The Actor’s Fund for really great classes on this stuff.

Thanks for your time and I would love to hear from you.

All the best, Michelle

04 Dec

Temp Talk with Regina Gatti

 

In the second episode of my podcast Acting Successfully with Michelle Dyer, I talk with actress turned recruiter Regina Gatti to explore why Temp Work makes a great Survival Job and how it adds experience to your resume for your future endeavors, whatever they may be!

If you’d like to speak with Regina about future opportunities email your resume and a little bit about yourself to rgatti@greenkeyllc.com.

23 Nov

Is Passive Income Really Passive?

The ideal side hustle is finding a jobs that you can do at any time from anywhere.

The ultimate side hustle is having passive income.

Now, by definition passive income is making money while not actually doing anything. Think of owning a rental property, you make the purchase up-front, and then get income from the rent payments each month. An author writes a book once, then once the book is published, benefits from the sale of the book. An actor works on a TV show, and once it hits syndication, residual checks arrive in the mail.

But, let’s look a little more at that author example. An author usually spends hundreds of hours writing that book. Once, it’s published, the publisher goes into gear marketing the book. The author will do a publicity or book signing tour.

Same with your side hustle/passive income opportunities. A lot of the ideas I talk about are great ideas, but it’s how you execute on them. You can build the best Shopify store with the coolest widgets in the world, but if no one knows about it, who’s going to buy? Keep that in mind when you’re picking your side hustles. If you’re like me, you’ll try a few to check them out to see what you like. How you market your course, t-shirt or book is a whole other conversation (or blog post). But other than stock dividends, I really haven’t found such a thing as true – do the work once, then go sit on the beach and never work again – passive income.

20 Nov

Survival Job vs. Side Hustle

What’s the difference?

  • A Survival Job is your traditional job like a catering, temp or promo gig. When you work 5 hours you get paid for 5 hours.
  • A Side Hustle could be a type of gig where you put in 5 hours up front creating an online course, but you don’t get paid until someone purchases it. Ideally – you’re not trading time for money. The goal is to get a Side Hustle that you can do anywhere at any time to product income.
    Both are incredibly valuable.

Work your Survival Jobs while you’re in town to make money. If you work a certain amount of hours, you know you’re going to get paid for them. The catch is, you have to be in town and not at the height of audition season to be available for your temp agents. Survival Jobs are especially great to work when you book a gig and have months to go before it starts.

With most side hustles you don’t make a lot of money when you initially put in the hours. You could spend hours on an online course, and then no one buys it. Or you could spend hours designing t-shirts and have 3 sales in the next week. Those 3 sales won’t pay your rent, but it’s another stream of income – and you need to have multiple! So, start brainstorming ideas for your side hustles!