Artistic Finance
Artistic Finance provides theatre makers with honest, no-pretension insights into managing money in the entertainment industry. Hosted by lighting designer Ethan Steimel, this podcast delves into the personal finance challenges and business realities of show business, offering candid advice and practical tools tailored to creatives working behind the scenes. https://www.artisticfinance.com/
Listen on:
Episodes
Sunday Feb 27, 2022
Sunday Feb 27, 2022
Lighting designer Lap Chi Chu discusses career finances and the importance of paying off debt early.
We discuss:
⭐️ Taxes
⭐️ Student loans
⭐️ Getting an accountant
⭐️ Lap’s most “lucrative” job
⭐️ Incorporating as a freelancer
⭐️ Combining finances during marriage
My takeaways were:
⭐️ Use an accountant
⭐️ Work begets work so do a GOOD JOB
⭐️ Lap set up a SIMPLE IRA and uses it 30 years later
⭐️ CONSISTENT paychecks are what make ARTS jobs "lucrative"
⭐️ Debt and student loans - pay off sooner EVEN if the payments are manageable
Lap's Website:
https://lapchichu.com/
The Wolves:
https://en.wikipedia.org/wiki/The_Wolves_(play)
Like the show? Become a patron!
www.patreon.com/artisticfinance www.artisticfinance.com
Interview by Ethan Steimel
Sunday Feb 20, 2022
Sunday Feb 20, 2022
Choosing 401k investments with stage manager turned teacher Elena Sartor.
Elena just became eligible for a 401k but wasn’t sure which investments to pick. We decided to talk through all the choices.
Today we will cover:
⭐️ 401ks
⭐️ ROTH 401ks
⭐️ Volatility
⭐️ Expense ratio
⭐️ Diversification
⭐️ Options for FREELANCERS
⭐️ ROTH IRA, SEP IRA, & SIMPLE IRA
Link to the workbook:
https://www.patreon.com/posts/61906422/
ROTH 401k:
https://www.investopedia.com/terms/r/roth401k.asp
Importance of LOW FEES:
https://investor.vanguard.com/mutual-funds/low-cost
DIversification Techniques:
https://www.investopedia.com/articles/03/072303.asp
How much should you save for retirment?
https://smartasset.com/retirement/how-much-should-you-contribute-to-your-401k#:~:text=%E2%80%93%20Rule%20of%20Thumb,can%20while%20still%20living%20comfortably.
Freelancer Retirement Options:
https://www.investopedia.com/articles/personal-finance/091114/build-your-own-retirement-plan.asp
Elena's Fund Options:
MXGXX Great West Money Market Institutional
VUSTX Vanguard Long Term US Treasury Fund
VBINX Vanguard Balanced Index Inv
VWELX Vanguard Wellington Fund
VWUSX Vanguard US Growth Inv
VFIAX Vanguard 500 Index Fund - Admiral
VEXPX Vanguard Explorer Inv
VWIGX Vanguard International Growth Inv
Jim Jimirro Episode:
https://www.artisticfinance.com/episode/A94CaZrPY8pTGnk6W3fJ/Creating-Disney-with-Jim-Jimirro
Rob Schneider Episode:
https://www.artisticfinance.com/episode/ZLJNHeZFcffHpRZHp5kp/How-To-Produce-A-Cabaret-with-Rob-Schneider
Interview by Ethan Steimel
Become a patron:
www.patreon.com/artisticfinance www.artisticfinance.com
Monday Feb 14, 2022
Monday Feb 14, 2022
Happy Valentine's Day! ❤️ ❤️ ❤️
Today's show is an update on the Artistic Finance 6k--our $6,000 investment. We’ve gathered a bond investment CEO, a data analyst, and two lighting designers to compare how our investments compare to the market (aka the S&P 500).
We discuss:
⭐️ Wine investing
⭐️ Investing Strategy
⭐️ Investments vs bonds
⭐️ Investments vs S&P 500
⭐️ Financial gifts that say, "I love you."
The Artistic Finance Investment Strategy:
⭐️ Half high risk
⭐️ Half dividends
⭐️ Money that can be lost
⭐️ Picks other investors are choosing
Our superstar guest panel is:
⭐️ Maithreyi Gopalakrishnan, CEO of LidquidiFi
⭐️ Ebony Madry, lighting designer and project manager
⭐️ Katie Buhrman, a leader in data and analytics with 10+ years experience
❤️ ❤️ ❤️
Nothing says, "I love you" like becoming a patron of Artistic Finance.
www.patreon.com/artisticfinance
❤️ ❤️ ❤️
Our superstar guests:
Maithreyi Gopalakrishnan - CEO of LiquidiFi:
https://www.linkedin.com/in/maithreyi-gopalakrishnan/
maithreyi@liquidificorp.com
Ebony Madry - Lighting Designer & Project Manager:
@ebmadry on Instagram
https://www.ebmadry.com/
Katie Buhrman - Data Analyst:
@ktbuhr on Instagram
https://www.linkedin.com/in/katherinebuhrman/
https://brokercheck.finra.org/individual/summary/6520240
Affiliate links:
M1 Finance - Good for Long Term / Buy and Hold Investors:
m1finance.8bxp97.net/XxYPZg
Coinbase - Cryptocurrency Exchange:
https://www.coinbase.com/join/steime_0
Vinovest - Wine Investing - 3 months of free wine storage:
https://app.vinovest.co?grsf=2p0wk3
Robinhood - Free Stock Trading - Intuitive and easy to use:
https://join.robinhood.com/ethans21
We Bull - Free Stock Trading - Design for Traders - I find it difficult to navigate:
https://act.webull.com/pm/do1QnByzkAhA/a3j/inviteUs/main
ETF - the S&P 500 index fund we hold:
IVV - iShares Core S&P 500
Stocks:
VST - Vistra Corp
LAC - Lithium Americas
TAP - Molson Coors Beverage (owners of Blue Moon)
SKLZ- Skillz
Cryptocurrency:
Bitcoin
Wine:
We own one case through Vinovest
Vinovest
Real Estate - REITS:
UBA - Urstadt Biddle Properties
SRG - Seritage Growth Properties
MGP -MGM Growth Properties
STAG - STAG Industrial
Art:
Bret Slater - Artist
https://www.bretslater.com/
...
Interview by Ethan Steimel
Become a patron:
www.patreon.com/artisticfinance www.artisticfinance.com
Sunday Feb 06, 2022
Sunday Feb 06, 2022
Broadway Prop Supervisor Buist Bickley explains how he has managed his personal finances throughout his career.
We discuss:
⭐️ Who he uses as an accountant
⭐️ The details of his retirement plan
⭐️ The importance of low overhead
⭐️ How props supervisors are hired
⭐️ What makes a good Broadway prop supervisor
BUT THAT'S NOT ALL! For three monthly payments of $19.99 you'll also hear us discuss:
⭐️ Life insurance
⭐️ What charities Buist gives to
⭐️ Financial benefits of having a partner
⭐️ How to be a prop supervisor in New York City
(Three payments of $19.99 are totally unnecessary. You can listen for FREE!)
Links from the discussion:
Don Robinson - Tax Accountant:
https://www.drtaxguy.com/rates
Net Worth Calculator - Kiplinger:
https://www.kiplinger.com/investing/wealth-management/603443/net-worth-calculator
Net Worth Stats - WalletHacks.com:
https://wallethacks.com/average-net-worth-by-age-americans/#:~:text=The%20median%20net%20worth%20of,66.83%25%20of%20total%20net%20worth.
The Bond Project:
https://bailproject.org/mission/
Patreon Outtakes:
https://patreon.com/artisticfinance/
A FANTASTIC interview with Buist on Beyond The Lights:
https://beyondthelightspodcast.com/episodes/71vyndxlkhq96ch39olbdihyjjup4u
Interview by Ethan Steimel
Become a patron:
www.patreon.com/artisticfinance www.artisticfinance.com
Sunday Jan 30, 2022
Sunday Jan 30, 2022
A guide on bond investing with Maithreyi Gopalakrishnan, CEO of LiquidiFi, the bond education app.
We discuss:
⭐️ Tax Advantages
⭐️ Government I-Bonds and EE Bonds
⭐️ Buying directly on TreasuryDirect.gov
⭐️ Tax saving with a 529 College Savings Plan
Bonds are part of the "Fixed Income" portion of a portfolio. They are stable and guaranteed, to bring balance to the volatile stocks portion of a portfolio.
What I learned about I-Bonds:
⭐️ Offer 7.12% return
⭐️ Keep up with inflation
⭐️ Must hold for one year
⭐️ Tax free for city and state
⭐️ Purchase at TreasuryDirect.gov
⭐️ $10,000 purchase limit each year
⭐️ Free to cash in forever starting on year 5
⭐️ 3 month interest penalty to sell between years 1 to 5
Thank you patrons for supporting the show! Find the outtakes with Maithreyi over on Patreon.
Maithreyi Contact Info:
https://www.linkedin.com/in/maithreyi-gopalakrishnan/
maithreyi@liquidificorp.com
LiquidiFi:
https://www.liquidificorp.com/
TreasuryDirect.gov:
https://www.treasurydirect.gov/indiv/indiv.htm
The rule of 110:
https://www.fool.com/investing/2021/06/22/is-the-rule-of-110-becoming-obsolete-for-retiremen/
Investopedia:
https://www.investopedia.com/terms/b/bond.asp
The Balance:
https://www.thebalance.com/introduction-to-fixed-income-securities-356072
Pimco:
https://www.pimco.com/en-us/bonds
Links from the patron only episode:
Patreon outtakes:
https://www.patreon.com/posts/61533270
Grandparents Purchasing Bonds for Grandchildren:
https://finance.zacks.com/can-grandparents-buy-ee-savings-bonds-grandchilds-education-6401.html
Interview by Ethan Steimel
Become a patron:
www.patreon.com/artisticfinance www.artisticfinance.com
Tuesday Jan 25, 2022
Tuesday Jan 25, 2022
Introduction to The Bitcoin White Paper by Satoshi Nakamoto.
What is The White Paper? A short document explaining how Bitcoin works and why is is needed.
The actual title of the paper is Bitcoin: A Peer-to-Peer Electronic Cash System.
Full version:
https://www.patreon.com/posts/52486337
Link to original White Paper:
https://bitcoin.org/bitcoin.pdf
Narrated by Ethan Steimel
Become a patron:
www.patreon.com/artisticfinance www.artisticfinance.com
Sunday Jan 23, 2022
Sunday Jan 23, 2022
Crypto expert Najah Roberts educates us on cryptocurrency.
MORE than enough education to get you started!
⭐️ How to purchase and when to buy.
⭐️ Bitcoin is the ONLY crypto to invest in.
⭐️ What financial advisors say about bitcoin.
⭐️ Artistic Finance is a sitting duck for hackers.
⭐️ How Artistic Finance must protect its 0.01682 bitcoin.
Listen on any podcast app - search Artistic Finance.
Takeways:
⭐️ Invest in Bitcoin
⭐️ Dollar cost average your way in (stack)
⭐️ Buy the current dip (44,000 a coin at the time of recording)
⭐️ Buy before 2024 when coins will become more scarce
⭐️ Put crypto in a wallet and keep your key in a safe place.
The White Paper Audiobook:
https://www.patreon.com/posts/52486337/
Coinbase Referral:
https://www.coinbase.com/join/steime_0
Cash App Referral:
Code - TGKCFZM
https://cash.app/app/TGKCFZM
Bitcoin Adoption Curve
$150 is "one human's worth."
Ethan said $43 during the episode:
https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-adoption-curve-w-croesus/
Bitcoin Wallets
Najah says don't leave the crypto on the exchange:
https://www.softwaretestinghelp.com/bitcoin-hardware-wallet/
Bitcoin Exchanges:
https://www.investopedia.com/best-crypto-exchanges-5071855
The Black Wall Street - App:
https://theblackwallstreet.com/
Bitcoin explainer videos by Najah:
https://theblackwallstreet.com/video-gallery/
The White Paper Audiobook:
https://www.patreon.com/posts/52486337
Interview by Ethan Steimel
Become a patron:
www.patreon.com/artisticfinance www.artisticfinance.com
Sunday Jan 16, 2022
Sunday Jan 16, 2022
Learn the financial steps that Dave Ramsey recommends. We're joined by Greg Ludlow, who has learned the lessons of Financial Peace University, put them in practice, and subsequently has led the course.
We discuss:
⭐️ Emergency funds
⭐️ Envelope budgeting
⭐️ Snowball debt payoff
⭐️ Seven financial baby steps
Baby Steps:
⭐️ 1 Save a small emergency fund ($1,000)
⭐️ 2 Pay off all debt except your home
⭐️ 3 Save three to six months of living expenses in an emergency fund
⭐️ 4 Save for retirement (15%)
⭐️ 5 Save for children's college
⭐️ 6 Pay off your mortgage
⭐️ 7 Build wealth to live and give like no one else
Resources:
Greg Ludlow:
https://www.linkedin.com/in/greg-ludlow-a8870967/
Investment Calculator:
https://www.ramseysolutions.com/retirement/investment-calculator
How To Budget:
https://www.ramseysolutions.com/budgeting/how-to-budget
The Baby Steps:
https://tinyurl.com/yh5t8he4
Investing Philosophy:
https://www.ramseysolutions.com/retirement/daves-investing-philosophy
Miata Edoga - actor and financial coach:
https://www.youtube.com/watch?v=-kyA9xdZbDI&ab_channel=ArtisticFinance
David Martin Jacques - lighting designer:
https://www.youtube.com/watch?v=5Hrl05CBZxc&ab_channel=ArtisticFinance
Patron only episode:
Alternate View on the Dave Ramsey Method:
https://www.fool.com/the-ascent/personal-finance/articles/4-things-dave-ramsey-is-dead-wrong-about/
Total Money Makeover:
https://www.ramseysolutions.com/store/books/the-total-money-makeover-by-dave-ramsey
...
Interview by Ethan Steimel
Become a patron:
www.patreon.com/artisticfinance www.artisticfinance.com
Sunday Jan 09, 2022
Sunday Jan 09, 2022
Ghost writer JW joins Ethan to discuss her writing experience from academic papers to trashy romance novels.
The discussion includes:
⭐️ Pay rates
⭐️ Types of jobs
⭐️ How to find writing jobs
JW's work includes:
⭐️ Lyrics
⭐️ Grants
⭐️ Political articles
⭐️ Product reviews
⭐️ Website content
⭐️ Academic papers
⭐️ Trashy romance novels
Links:
How To Become A Ghost Writer:
https://ptmoney.com/become-ghostwriter/
Upwork - Writing Jobs:
https://www.upwork.com/cat/writing-translation
Pro Blogger - Writing Jobs:
https://problogger.com/jobs/
2022 Projected Budget: https://www.patreon.com/posts/60706331 2021 Budget - Artistic Finance: https://www.patreon.com/posts/60704534 2020 Budget - Artistic Finance: https://www.patreon.com/posts/60693785
Myers Briggs Personality Types:
http://www.humanmetrics.com/personality/type
INFJ - the advocate:
http://www.humanmetrics.com/personality/infj
Link from the patreon episode:
INFP - the healer:
http://www.humanmetrics.com/personality/infp
...
Interview by Ethan Steimel
Become a patron:
www.patreon.com/artisticfinance www.artisticfinance.com
Sunday Jan 02, 2022
Sunday Jan 02, 2022
An interview with talk show host and producer Rye Myers.
We discuss:
⭐️ Hiring a career coach
⭐️ Using a part time assistant
⭐️ Producing a one night cabaret
⭐️ Forming an entertainment LLC in New York
My takeaways:
⭐️ Life is easier with an accountant
⭐️ You can open an LLC on your own
⭐️ Paying for coaching and assistance is necessary to grow
⭐️ A one night cabaret, that pays all participants, can be produced for 2,000 or less
Rye Myers is a talk show Host, Producer, and “Your Broadway & Entertainment BFF!”. Rye has produced and hosted numerous video interviews, red carpet coverage, and cabarets.
He is the Host and Exec Producer of Live with Rye & Friends on Broadway; the popular FREE Broadway-themed variety talk show at BAR 9 on Thursdays at 7:30 pm.
Be sure to follow @rye_myers on Instagram, Twitter, and TikTok.
Links:
Rye The News Guy - Live Show at Bar 9:
https://www.ryethenewsguy.com/ryeandfriends
Trudy Durant - accountants for Artists in NYC:
https://tcdurant.com/home.aspx
Broadway / Creatives Career Coach - Bret Shuford:
https://www.bretshuford.com/creative-life-coach
Taxes with Cory Pattak: https://www.artisticfinance.com/episode/HKLbObYHgxjuVHfSKva9
Opening an LLC in NY:
https://dos.ny.gov/forming-limited-liability-company-new-york
Virtual or In Person Assistants:
https://www.fiverr.com/
...
Interview by Ethan Steimel
Become a patron:
www.patreon.com/artisticfinance www.artisticfinance.com