Saturday, March 17, 2012

The Cost of Following Your Dreams

The hard part about hiring yourself is, every paycheck is different.

Some are big, some are small, and in lean times, some are not existent.

But we asked for this. It’s all part of the job description. The minute we go out on our own, we forego financial stability. We trade in consistent and predictable compensation for the freedom to follow our dreams without looking over our shoulder.

And in return, we have to get good at coping with and thriving in that environment.

First, by strategically building a support system of colleagues who know what it’s like to not know where the money is coming from. These people are especially helpful when you’re trying to change the world and pay the mortgage at the same time. Eek.

Second, by constantly sweeping our radars for passive income and savings opportunities. These diversification options are abundant and practical, and with a little research, can be the difference between a real career and an expensive hobby. Phew.

Third, by carefully monitoring and documenting our spending habits. These rituals keep make us as moneysmart as possible, reminding us that we all have to wear the accountant hat, no matter how creative we are. Dang it.

Fourth, by honestly appraising our professional history. This reflection fuels our instinct for the future and enables us to make smarter, faster and better decisions, and not make the same mistakes twice. Thank god.

Personally, this is my least favorite part of the job.

I’m not a manager. I’m not a businessperson. I’m an artist. I just want to make stuff.

But I’m also a realist. And I know that if I want to underwrite my addictions and support my lifestyle, I don’t have much of a choice.

What is the cost of following your dreams?

For the list called, "79 Questions Every Manager Needs to Ask," send an email to me, and you win the list for free!

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Scott Ginsberg
That Guy with the Nametag
Writing, Publishing, Performing, Consulting

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