{"id":9802,"date":"2022-08-22T05:37:24","date_gmt":"2022-08-22T10:37:24","guid":{"rendered":"https:\/\/therealdaily.com\/?p=9802"},"modified":"2022-08-22T05:37:26","modified_gmt":"2022-08-22T10:37:26","slug":"tips-to-become-one-of-those-people-who-is-good-with-their-money","status":"publish","type":"post","link":"https:\/\/theamericangenius.com\/housing\/editorials\/tips-to-become-one-of-those-people-who-is-good-with-their-money\/","title":{"rendered":"How to be one of those people who is good with their money"},"content":{"rendered":"

I\u2019m a firm believer in making mistakes. Specifically, the all-out, crash-and-burn kind. You know those people who say \u201cown it\u201d – yeah, that\u2019s definitely me. That\u2019s the sort of high-risk, high-reward mentality that leads to really thrilling moments onstage and in life. And when the reward is that intense, so is the loss. It’s the same with money.<\/em>\"bar\"
\nMy formal background is as a professional opera singer. The level of training for a full-time career in the field includes Olympic-level physical, emotional, and intellectual training. Opera singers don\u2019t use microphones, which means they must use their bodies in a perfect, practiced physiological balance to become a human megaphone.<\/p>\n

They learn several languages, with enough facility to jump into rehearsals with colleagues who are relative strangers, singing about passionate love, and infuriating politics while maintaining that physical balance in a foreign tongue.<\/p>\n

Unlike the Olympics, regular opera singers don\u2019t get endorsement deals. (Okay, famous tenor Pl\u00e1cido Domingo is sponsored by Rolex, but that\u2019s a particularly singular example.) So despite its extreme training, opera is a medium that requires its artists to manage themselves as freelancers. Freelancers and be-your-own-boss types, I know you feel me:<\/p>\n

It\u2019s difficult to anticipate which years will be the busy ones and which will be eerily empty.<\/p><\/blockquote>\n

Preparing for financial uncertainty<\/strong><\/p>\n

So how do you manage finances with so much up and down?<\/p>\n

Invest time instead of money.<\/strong> I rethink how I\u2019m approaching my everyday needs. I\u2019m talking about what methods of transportation I use and how often; I\u2019m talking about regular doctor\u2019s visits or self-care; I\u2019m talking about any payments that you owe regularly. Is there any way to reassess seemingly non-negotiable expenses? Can you refinance a mortgage? Can you drop the gym altogether and commit to really learning and developing an exercise routine? Find something convenient you can replace with a free education; the Internet is an insanely abundant resource and should be milked for information.<\/p>\n

Develop multiple interests and invest in them<\/strong>. I am a professional singer, but I also love to cook and am serious about it. I write frequently and across a wide spectrum of interests. I read avidly. When you invest in other ideas and interests, you make yourself a more powerful candidate for the workforce, and you give yourself more able to seize opportunities. Who knows \u2013 you might find yourself pivoting careers.<\/p>\n

Design a financial contingency plan before you need it (but go broke at least once)<\/strong>. Do you have a place to crash if you can\u2019t afford your own place? How much money do you really need to get through the month? How far can you stretch $50? If you can\u2019t define your limits, you\u2019ll never be able to develop a plan with thoughtful security.<\/p>\n

What’s life without risk?<\/strong><\/p>\n

The freelancers who truly succeed are the ones who failed. It\u2019s that Oscar Wilde quote, right? \u201cExperience is merely the name men give to their mistakes.\u201d And so have I before, and so will I again. The only way forward is up. I\u2019m going to take my experience along with me for the next chapter. I hope mine will help color yours a little, even if with a passing thought. Dare to lose it all \u2014 and see where it leads.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In real estate, it\u2019s difficult to anticipate which years will be the busy ones and which will be eerily empty. So how do you manage money?<\/p>\n","protected":false},"author":337681,"featured_media":19409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"wds_primary_category":0,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[254],"tags":[1309,927,557,1286,1310,1234],"class_list":["post-9802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editorials","tag-budget","tag-career","tag-finances","tag-freelance","tag-plan","tag-real-estate-news"],"jetpack_featured_media_url":"https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2022\/04\/Person-holding-money.jpg","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/9802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/users\/337681"}],"replies":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/comments?post=9802"}],"version-history":[{"count":11,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/9802\/revisions"}],"predecessor-version":[{"id":19443,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/9802\/revisions\/19443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media\/19409"}],"wp:attachment":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media?parent=9802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/categories?post=9802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/tags?post=9802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}