This week, I’m encouraging you to cozy up to your finances–to know where your money is coming from and to know where it’s going.
When you’re building a business (and, let’s face it, that’s what you’re doing when you’re trying to make a living with your art), you need capital. You need it for your art supplies, your promotions, but also to make sure you can pay rent, eat, and save for retirement.
In today’s Art Marketing Action newsletter, I ask you to patch the hole in your wallet. Where are you leaking money when you could be saving? I mention what David Bach calls The Latté Factor® in books such as Smart Women Finish Rich*. The philosophy behind it and some tools to help you with yours can be found on David Bach’s Web site. Check out his Latté Factor® Challenge Worksheet at the bottom of the page. Are you up to tracking where every penny is going?
Where is the hole in your wallet?
*Other books by David Bach: Smart Couples Finish Rich and The Automatic Millionaire. While you’re on his Web site, take a look at the free worksheets he provides to help you organize your finances. (I believe you have to register to download them, but it’s worth it.)