Whether you’re part of a union like SAG-AFTRA, Actors Equity Association (or even a guild like the WGA, DGA, or CSA) or you’re not, you will still have the same challenge – how to smartly save, invest and extend the life of your income so that you can continue to live and work for years to come.
After interviewing well over 100 industry professionals on my podcast there were two chief aspects that would keep actors (and I’m sure many artists) from pursuing this career well into old age.
These guys know their stuff
*Darren was also a co-producer on the
2 Tony Award winning Broadway show The Great Comet*
“…the truth is, you always need adequate financial savings so that you can keep doing the creative work that you want to do.”
~ Kristin Chenoweth
The first steps to taking control of your financial well being are having control over your day-to-day and month-to-month finances; knowing where you want to be in the next few years and developing a plan to get there; and preparing to absorb any sort of financial shock that could threaten to derail that plan.
Of course every person’s financial situation is different and unique. From student loans, credit card debt, medical expenses or changing day jobs, you want (in fact you need) to sit down with someone who won’t offer a one size fits all solution, but instead helps you develop the small, consistent steps that will get you towards your best version of financial health and longer term stability. That way you can kick the old, dusty idea that artists are poor, unemployed, and have no “real” future to the curb where it belongs.