{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5b1b24d67c78f2c616b56280/5d0057f1afc4c34f10829b03?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"#14 - Finances for Actors - Part 5 (Monthly Budget) & Part 6 (Compound Interest)","description":"<p>The dreaded “B” word.</p><p><br></p><p><strong><u>Budget:</u></strong></p><p><br></p><p>For some reason I shrivel up at the word budget.</p><p><br></p><p>I associate it with restriction, which I associate with losing weight – it’s just not a pleasant thing for me.</p><p>But, we do need to know where we are, before we achieve where we’re going.</p><p><br></p><p>So – here are my tips on discovering how much goes in and out each month (yes, even on an inconsistent actors’ salary).</p><p><br></p><p>If you have more money going out than in each month there are only two solutions</p><ol><li>Spend Less, or</li><li>Make More</li></ol><p><br></p><p>Which one works best for you?</p><p><br></p><p><br></p><p><strong><u>Compound Interest:</u></strong></p><p><br></p><p class=\"ql-indent-1\">Check.</p><p class=\"ql-indent-1\"><br></p><p class=\"ql-indent-1\">Out.</p><p class=\"ql-indent-1\"><br></p><p class=\"ql-indent-1\">This.</p><p class=\"ql-indent-1\"><br></p><p class=\"ql-indent-1\">Chart.</p><p class=\"ql-indent-1\"><br></p><p class=\"ql-indent-1\"><strong><em>*This*</em>&nbsp;is why I do what I do.</strong></p><p><br></p><p><a href=\"https://www.businessinsider.com/compound-interest-chart-march-2016-2016-3\" target=\"_blank\">https://www.businessinsider.com/compound-interest-chart-march-2016-2016-3</a></p><p><br></p><p><br></p><p><em>**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.**</em></p><p><br></p><p><br></p>","author_name":"Michelle Dyer"}