Creatives, it’s time to master your money and your finances. This week, Henry Gibson share with us financial advice, tips, and tricks to maximize our financial savings. This is not a sponsored episode – Henry is a friend and actor who offered up his time to provide advice. We are back with the second episode in the series of creative side hustles. In our first episode, I walked you through the three steps to starting a successful side hustle. This week, we learn how to manage our money.
Who is Henry Gibson?
Henry Gibson-Garcia began his career as an actor, performing onstage in and in front of the camera for over a decade. Starting in 2019, he began using the skills he’d developed as an actor and director to provide training in Leadership, Collaboration, and Communication to medical students through Improv. Earlier this year, after years of reading and studying personal finance, he became a financial coach and investment advisor with Plan & Act, a wealth management firm seeking to provide finance advice to ordinary Americans. With a background in coaching, and with real experience of what it’s like to survive as a Creative, Henry hopes he can make a positive difference in people’s lives.
How to Master Your Finances
In a COVID, world, what advice does Henry have for creatives to master their finances?
- Don’t lose hope
- Know your worth
- Save your receipts
- Don’t fund your side hustle with your credit card
Why are side hustles good?
- Add a new skill to your resume
- Network with others through you side hustle
- Use and manage your own time
- Focus on your passion and purpose
How can you finance your side hustle?
- Business line of credit or loan
I have a job currently, but I am uncertain if I will be laid off soon. How should I prepare financially and ensure I’ve mastered my finances?
- Maximize your income
- Contribute to your 401K, at least the minimum required to get your company match
- Figure out what you are passionate about and your marketable skills
If I have a full-time job, but want to leave it to pursue my side-hustle, what should I think about financially?
- Have more cash on hand
- Be able to withstand more risk
Final pieces of advice as we start our side hustle?
- Hire help – financial planner or accountant
- Don’t be afraid of stepping out of your comfort zone. Being scared means you’re heading in the right direction.
- Charge what you are worth.
With that, go flex your creative muscle and keep winning.
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Who is Shereen Kassam?
I’m Shereen Kassam, the host of Creative Breakthrough and internationally touring speaker and comedian. If you are looking for a speaker to talk on topics including creativity, branding, or work life balance, get in touch! I am also open to being guest on your podcast, TV show, or other medium.
Email: hi @ funnybrowngirl.com