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Last week I wrote about getting my personal finances (and our family’s finances) in order.
I believe having personal finances under control can really help give you the room to think more intentionally about your creative finances (both income & expenses).
So if your personal finances feel overwhelming, I encourage you to check out last week's post first.
This week I’d like to share some concrete ways I approach my creative endeavors from a more entrepreneurial angle rather than what the IRS (not me) would call a “hobby”.
In particular, I'll share the way I track and manage income and expenses related to my creative endeavors.
Table of Contents
DISCLAIMER: I am NOT a financial or legal advisor. The anecdotes and recommendations below should not be taken as specific financial or legal advice for your situation. If you have financial or legal questions, you should consult professionals.
1. OVERVIEW: BUSINESS OF BEING AN AUTHOR
Step 1, as usual, was learning as much as I could.
I've consulted several sources when it came to wrapping my head around the more financial aspects of the writing life. Below are a few of my recommendations.
You can find several books on this Bookshop List, Writer Finances (Personal & Professional):
On of the standouts in this list is Jane Friedman's The Business of Being a Writer, which I highly recommend:
I also listened to several podcasts, particularly ones that focused on indie authors (who are by definition more entrepreneurial). Here are just a few good ones:
2. DAY-TO-DAY FINANCIALS:
Write Your Year
a workbook for
Writers & Creatives
by Li Yun Alvarado
Words or Water
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Disclosure: This site contains affiliate links; if you make a purchase through my links, I may earn a small commission at no additional cost to you.Thank you for supporting my work in this way!