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
Monday Feb 27, 2023
Monday Feb 27, 2023
A review of the book You Are A Badass At Making Money by Jen Sincero. Presented by lighting designer Carl Faber.
We discuss:
⭐️ Quitting a job if it’s miserable
⭐️ Treating your art like a business
⭐️ Being intentional with your energy
⭐️ Letting go of the unhelpful familiar
⭐️ Associating value with what you’re using money for
⭐️ Shifting mindset from victim mode into badass mode
⭐️ Combining manifestation and hard work to achieve goals
⭐️ The starving artist myth. You CAN create art AND make money
⭐️ When it comes to limiting beliefs, asking yourself WHY you can’t do something
Today’s show is a broadcast of the Financial Independence Book Club in collaboration with Utopia Dreamscape.
I want to thank LDG, the Lighting Design Group for providing swag for our attendance prize this week. Everyone who attended will be getting an LDG hat.
Quicklinks:
https://linktr.ee/artisticfinance
Book Club:
https://www.artisticfinance.com/bookclub
Get Good With Money - Affiliate Link:
https://bookshop.org/p/books/get-good-with-money-ten-simple-steps-to-becoming-financially-whole-tiffany-the-budgetnista-aliche/15005369?ean=9780593232743
Utopia Dreamscape & Amy D Lux:
https://utopiadreamscape.com/
https://www.instagram.com/utopiadreamscape/
Carl Faber:
https://carlfaber.com/
https://www.instagram.com/cxfaber/?hl=en
Claudia Hodgson - #TheatreFit:
https://www.instagram.com/claudia.theatrefit/
Ethan Steimel:
https://www.ethansteimel.com/artistic-finance.html
https://www.instagram.com/artisticfinance/?hl=en
LDG - The Lighting Design Group:
https://ldg.com/
https://www.instagram.com/lightingdesigngroup/?hl=en
Instagram Handles:
@cxfaber
@ethansteimel
@artisticfinance
@nicolevsteimel
@claudia.theatrefit
@utopiadreamscape
@lightingdesigngroup
Sunday Feb 19, 2023
Sunday Feb 19, 2023
A chat with insurance broker Bruce Komarow about life insurance.
Topics:
⭐️ Term
⭐️ Whole
⭐️ Universal
⭐️ Blending Types
⭐️ Health Screenings
⭐️ How insurance is regulated
⭐️ How much coverage to get
⭐️ Where and how to purchase
⭐️ Converting Term to Whole up until age 65
⭐️ Variable Universal for those trying to get a higher return
Takeaways:
⭐️ Term is the least expensive
⭐️ Whole builds cash value and guarantees a payout but is more expensive
⭐️ Universal is the least expensive way to access a whole life policy but as common as Term or Whole
⭐️ Variable Universal is for people who want to use life insurance as a vehicle to take advantage of stock market growth to get a higher value out of the asset. But, it comes with the risk that the market could take a downturn when the time arrives to redeem the policy.
⭐️ If you’re looking at term with the idea you may switch to whole, be sure to check that the company is reputable and has that option.
⭐️ Insurance is State Specific. I’m bringing this up because states like California and New York have stronger consumer protection laws. All else being equal, a company that can do business in New York might be a safer option than one that can’t operate in New York.
⭐️Hot take from Ethan … Life insurance, could be like a mortgage for people who don't "invest" in real estate. A life insurance policy is forced savings and low maintenance.
If you are looking for life insurance…
⭐️ Ask the people around you for recommendations
⭐️ Find a broker or non captive agent
⭐️ Make sure you can afford it
Bruce Komarow - LinkedIn:
https://www.linkedin.com/in/bruceallenkomarow/
How Much Life Insurance Should You Carry?
https://www.investopedia.com/articles/pf/06/insureneeds.asp
Life Insurance Calculator:
https://lifehappens.org/
Previous Episodes of Interest:
The Ultimate Guide To Finding A Financial Advisor - with Matt Kweller:
https://www.youtube.com/watch?v=iFEkgeQMYtk&ab_channel=ArtisticFinance
Part 2 - The Ultimate Guide To Finding A Financial Advisor - with Matt Kweller:
https://www.youtube.com/watch?v=ALwy55eZlTM&t=12s&ab_channel=ArtisticFinance
6k Investing Special:
https://youtu.be/nh5fwQwIOBA
Carl Faber - Be Your Own Financial Advocate:
https://www.youtube.com/watch?v=FdZI-plB6aU&ab_channel=ArtisticFinance
Book Club - A Cat's Guide To Money by Lillian Karabaic:
https://www.youtube.com/watch?v=EtNmDVtJ6hM&t=707s&ab_channel=ArtisticFinance
...
Become a patron:
www.patreon.com/artisticfinance
Interview by Ethan Steimel
Instagram handles:
@ethansteimel
@artisticfinance
Sunday Feb 12, 2023
Sunday Feb 12, 2023
An update on the Artistic Finance 6k--the $6,000 of investments we made in May of 2021. We’re joined by two lighting designers, a bond investment CEO, and a data analyst to review how our investments compare to the S&P 500.
Links & Resources:
Katie Buhrman:
https://www.linkedin.com/in/katherinebuhrman/
https://brokercheck.finra.org/individual/summary/6520240
Maithreyi Gopalakrishnan:
https://www.linkedin.com/in/maithreyi-gopalakrishnan/
https://www.liquidificorp.com/
Ebony Madry:
https://www.instagram.com/ebmadry/?hl=en
https://www.linkedin.com/in/ebony-madry-6a9651139/
Amy D Lux:
https://www.linkedin.com/in/amy-d-lux-953a7318a/
https://utopiadreamscape.com/author/luvlogica/
Ethan Steimel
https://www.linkedin.com/in/ethansteimel/
https://www.instagram.com/artisticfinance/?hl=en
Previous Episodes of Interest:
Cryptocurrency with Najah Roberts:
https://www.artisticfinance.com/episode/JM5QCXLUhsqOfRDC8Dd2/Cryptocurrency-Bitcoin-with-Najah-Roberts
Bond Investing - with Maithreyi Gopalakrishnan:
https://www.artisticfinance.com/episode/Ls2svcghok0FemQVcNBp/Bond-Investing-with-Maithreyi-Gopalakrishnan
Wine Investing with Anthony Zhang:
https://www.artisticfinance.com/episode/G7sKrzcmEwJeor6iAy4t/Wine-Investing-with-Anthony-Zhang
The 6k Investments:
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
VICI - Experiential Real Estate - Previously MGM Properties
STAG - STAG Industrial
Art:
Bret Slater - Artist
https://www.bretslater.com/
Photos of the Painting:
https://www.patreon.com/posts/64295618
Affiliate links:
M1 Finance - Good for Long Term / Buy and Hold Investors - I don't think there is a sign up incentive:
m1finance.8bxp97.net/XxYPZg
Coinbase - Cryptocurrency Exchange - $10 of Bitcoin:
https://www.coinbase.com/join/steime_0
Vinovest - Wine Investing - 3 months of free wine storage:
https://app.vinovest.co?grsf=2p0wk3
Robinhood - Stock Trading - Intuitive and easy to use - Free Stock On Signup:
https://join.robinhood.com/ethans21
We Bull - Free Stock Trading - Design for Traders - I find it difficult to navigate - 5 Free Stocks on Signup:
https://act.webull.com/pm/do1QnByzkAhA/a3j/inviteUs/main
...
Become a patron:
www.patreon.com/artisticfinance
Interview by Ethan Steimel
Instagram handles:
@ebmadry
@liquidifi
@ktbuhr
@utopiadreamscape
@ethansteimel
@artisticfinance
Sunday Feb 05, 2023
Sunday Feb 05, 2023
Part 2 of our interview with Broadway costume designer Gregg Barnes.
We discuss:
⭐️ Royalties for designers of Broadway shows
⭐️ Agents versus lawyers for negotiating contracts
⭐️ The importance of archiving your work as a designer
⭐️ Leading a simple life and a life energized by collaboration
⭐️ Designers spending their own money to improve their design
⭐️ Paying off a mortgage early without increasing your monthly payment
⭐️ Royalties for shows by big corporations like the Rockettes and Disney
Quick Links:
PATREON
BOOK CLUB
NEWSLETTER
Gregg Barnes - Instagram @gbarnesdesign:
https://www.instagram.com/gbarnesdesign/?hl=en
Gregg Barnes - Wikipedia:
https://en.wikipedia.org/wiki/Gregg_Barnes
Natasha Katz - Lighting Designer:
https://en.wikipedia.org/wiki/Natasha_Katz
John Lee Beatty - Set Designer:
https://en.wikipedia.org/wiki/John_Lee_Beatty
Tony Walton - Set Designer:
https://en.wikipedia.org/wiki/Tony_Walton
David Agress:
https://www.linkedin.com/in/david-agress-2317579/
Monday Jan 30, 2023
Monday Jan 30, 2023
A broadcast of the Financial Independence Book Club in collaboration with Utopia Dreamscape.
We discuss A Cat’s Guide To Money by Lillian Karabaic with live audience participation.
We discuss:
⭐️ Bad debt versus good debt
⭐️ Household debt in the USA versus the UK
⭐️ A debit card that can be used to build credit
⭐️ Treat yourself as a bill to pay off certain items
⭐️ For credit scores keeping the utilization under 1%
⭐️ Tax credit for taxpayers making less than $60 using VITA
⭐️ Being added as a authorized user of someone with good credit
⭐️ Making money babies that will make more money babies for you
⭐️ Keeping medical debt with the original provider to avoid collection agencies
Quick Links:
BOOK CLUB SIGN UP
AF NEWSLETTER SIGN UP
ARTISTIC FINANCE PATREON
A Cat's Guide To Money:
https://shop.ohmydollar.com/products/ebook-a-cats-guide-to-money?pr_prod_strat=use_description&pr_rec_id=d07c959da&pr_rec_pid=4429230997594&pr_ref_pid=4428957745242&pr_seq=uniform
Lillian Karabaic:
https://www.ohmydollar.com/
Claudia Hodgson - #TheatreFit:
https://www.instagram.com/claudia.theatrefit/
Utopia Dreamscape & Amy D Lux:
https://utopiadreamscape.com/
Carl Faber:
https://carlfaber.com/
Ethan Steimel:
https://www.ethansteimel.com/artistic-finance.html
Extra - Debit Card That Builds Credit:
https://extra.app/
Extra Debit Card - Review
https://wallethacks.com/extra-debit-card-review/
Saver's Credit:
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit
VITA - Volunteer Income Tax Assistance:
https://irs.treasury.gov/freetaxprep/
https://www.benefits.gov/benefit/1543
Annual Credit Report:
https://www.annualcreditreport.com/index.action
Trade Line:
https://www.investopedia.com/terms/t/trade-line.asp
SPRK Lighting:
https://sprklighting.com/
Matt Cooper Episode:
https://www.youtube.com/watch?v=D-YFaMebYG4&t=357s&ab_channel=ArtisticFinance
Heather Shields Episode:
https://www.youtube.com/watch?v=NlMCJt118A4&ab_channel=ArtisticFinance
Rye Myers Episode:
https://www.youtube.com/watch?v=D0LsvGFbV5E&ab_channel=ArtisticFinance
Sunday Jan 22, 2023
Sunday Jan 22, 2023
Broadway costume designer Gregg Barnes discusses finances and career as a New York City based designer.
We discuss:
⭐️ Royalties for designers of Broadway shows
⭐️ Agents versus lawyers for negotiating contracts
⭐️ The importance of archiving your work as a designer
⭐️ Leading a simple life and a life energized by collaboration
⭐️ Designers spending their own money to improve their design
⭐️ Paying off a mortgage early without increasing your monthly payment
⭐️ Royalties for shows by big corporations like the Rockettes and Disney
Quick Links:
PATREON
BOOK CLUB
NEWSLETTER
Gregg Barnes - Instagram @gbarnesdesign:
https://www.instagram.com/gbarnesdesign/?hl=en
Gregg Barnes - Wikipedia:
https://en.wikipedia.org/wiki/Gregg_Barnes
Natasha Katz - Lighting Designer:
https://en.wikipedia.org/wiki/Natasha_Katz
John Lee Beatty - Set Designer:
https://en.wikipedia.org/wiki/John_Lee_Beatty
Tony Walton - Set Designer:
https://en.wikipedia.org/wiki/Tony_Walton
David Agress:
https://www.linkedin.com/in/david-agress-2317579/
Sunday Jan 15, 2023
Sunday Jan 15, 2023
French magician Titou discusses how he manages his finances as a French magician living and working in Las Vegas.
We discuss:
⭐️ Building credit
⭐️ Not filing French taxes
⭐️ LLCs for non USA citizens
⭐️ Green cards, O1, and H1 Visas
⭐️ Getting work by being consistent and building a work history
Patron outtakes include:
⭐️ Touring with Masters of Illusion--Live!
⭐️ Magician Farrell Dillon and his work in Las Vegas
Takeaways:
⭐️ Build credit from nothing with prepaid credit cards
⭐️ Titou has worked 12 years in the USA without citizenship
⭐️ Consistency is the key to getting work and building your network
Quick Links:
PATREON
BOOK CLUB
NEWSLETTER
A CAT'S GUIDE TO MONEY
LIABILITY INSURANCE SURVEY
Titou - Instagram @titoumagician
https://www.instagram.com/titoumagician/?hl=en
Titou Website
https://www.titoumagic.com/
Masters of Illusion – Live!
https://mastersofillusionlive.com/
Prepaid Credit Cards That Build Credit:
https://www.cardrates.com/advice/prepaid-cards-that-build-credit/
Types of Visas:
https://www.boundless.com/immigration-resources/types-of-us-work-visas/
Credit Card Rewards - with John Adcox:
https://www.artisticfinance.com/episode/3yhjl5EJSaw25HNh8lZ6/Credit-Card-Rewards-with-John-Adcox
Credit Card Advantages - with Marc Santos:
https://www.artisticfinance.com/episode/nLk98PU9fuN6iQn6VUp0/Credit-Card-Advantages-with-Marc-Santos
Credit Card Habits - with Tony Johnson:
https://www.artisticfinance.com/episode/q4rn0omyiRhlNCPQATcs/Credit-Card-Habits-with-Tony-Johnson
Credit Card Debt - with Joe Longthorne:
https://www.artisticfinance.com/episode/sHzGdIBq188DTPlNpJuq/Credit-Card-Debt-with-Joe-Longthorne
Become a patron at:www.patreon.com/artisticfinance
Interview by Ethan Steimel
Tuesday Jan 10, 2023
Tuesday Jan 10, 2023
An interview with a lighting designer for themed attractions, Matt Cooper.
We discuss:
⭐️ Fiduciaries
⭐️ CPAs and CFPs
⭐️ His company SPRK Lighting
⭐️ Complications of long term projects
⭐️ The importance of understanding cash flow and tax efficiency
⭐️ Following themed attraction projects from design to implementation
Quick Links:
PATREON OUTTAKES
BOOK CLUB SIGN UP
NEWSLETTER SIGN UP
LIABILITY INSURANCE SURVEY
Matt Cooper - LinkedIn:
https://www.linkedin.com/in/mattecooper/
SPRK Lighting - Instagram:
https://www.instagram.com/sprklighting/?hl=en
SPRK Lighting:
https://sprklighting.com/
Gusto - Payroll:
https://gusto.com/
Into The Woods - Broadway:
https://www.ibdb.com/broadway-production/into-the-woods-534783
Dollywood:
https://www.dollywood.com/resort/
Cashflow Quadrant:
https://www.richdad.com/the-cashflow-quadrant
Links From The Outtakes:
Pharos Lighting Control:
https://www.pharoscontrols.com/
Bigger Pockets:
https://www.biggerpockets.com/podcasts/real-estate
The Investors Podcast:
https://www.theinvestorspodcast.com/
Become a patron at:www.patreon.com/artisticfinance
Interview by Ethan Steimel
Tuesday Jan 03, 2023
Tuesday Jan 03, 2023
Ethan kicks off the new year with plans for Artistic Finance. And Amy D Lux announces the Financial Independence Book Club.
We discuss:
⭐️ Ethan’s retirement savings
⭐️ The Financial Independence Book Club
⭐️ And what to expect for Artistic Finance in 2023
LIABILITY INSURANCE SURVEY:
ANSWER 8 QUESTIONS
FINANCIAL INDEPENDENCE BOOK CLUB:
January 29
9a PST / 12p EST / 5p London
Presented by Claudia Hodgson
BOOK: A Cat's Guide To Money
SIGN UP HERE for the Zoom link
FREE minus the cost of the $7 e-book
BOOK LIST:
A Cat's Guide To Money: Everything You Need to Know to Master your Purrsonal Finances, Explained by Cats
You Are a Badass at Making Money by Jen Sincero
Get Good with Money: Ten Simple Steps to Becoming Financially Whole by Tiffany Aliche (The Budgetnista)
I Will Teach You To Be Rich Ramit Sethi
Financial Feminist by Tori Dunlap (Her First 100K)
What To Do With Your Money When Crisis Hits by Michelle Singletary
Perfect Credit: 7 Steps to a Great Credit Rating by Lynnette Khalfani-Cox
The Money Manual: A Practical Money Guide to Help You Succeed on Your Financial Journey by Tonya Rapley
Our Money Stories: A Six Week No B.S. Holistic Financial Wellness Plan by Eugenié George
Decolonizing Wealth Edgar Villanueva
The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns John Bogle
You’re So Money Farnoosh Torabi
The Price We Pay: What Broke American Health Care--and How to Fix It
The Whiteness of Wealth
LGBQTIA+
FORBES: Do Your Investments Support LGBTQ+ Equality?
Human Rights Campaign’s Corporate Equality Index
The Frugal Gay
Debt Free Guys
LGBQT+ FI BLOGGERS
The Transcapitalist
BIPOC
These BIPOC Influencers Want You to Retire Before Age 50
5 BIPOC Money Experts You Should Be Following
24 BIPOC Personal Finance Bloggers You Have to Follow in 2022
10 TOP PERSONAL FINANCE BOOKS BY BLACK AUTHORS
13 Personal Finance Books By Black Women
FEMME
Francis Financial
ElleVest
5 Financial Advice Books Written By Women
The 10 best personal finance books by women to read in 2022
REMINDERS:
BUY FROM LOCAL BOOKSTORES
BUY DIRECTLY FROM AN AUTHOR’S WEBSITE
BORROW FROM THE LIBRARY
BORROW AUDIOBOOKS
OVERDRIVE / LIBBY - DIGITAL LIBRARY APPS
CHIRP - DIGITAL LOWER COST BOOKSTORE
AUDIBLE - SUBSCRIPTION - FREE FIRST CREDIT
Become a patron at:www.patreon.com/artisticfinance
Sunday Dec 25, 2022
Sunday Dec 25, 2022
A discussion about different types of retirement accounts for freelancers with CPA Elton Lalaj.
Topics:
⭐ IRA
⭐ SEP IRA
⭐ SIMPLE Plan
⭐ Defined Benefit Plan
⭐ Individual, Solo, or Uni-401k
The discussion continues discussing types of legal entities and if freelancers should take the step to incorporate.
Topics:
⭐ LLCs
⭐ Sole proprietorships
⭐ S-Corps and C-Corps
⭐ DBA - Doing Business As
⭐ Multi-Member versus Single-Member
⭐ K1 tax forms and pass through entities
The episode wraps up dispelling myths about:
⭐ Artists using accountants to file taxes.
⭐ What type of retirement accounts young artists should open.
Lalaj CPA Group:
https://lalajcpagroup.com/
Elton on LinkedIn:
https://www.linkedin.com/in/elton-lalaj-4049aa79/
Best Retirement Plans For Freelancers:
https://www.forbes.com/advisor/retirement/retirement-plans-for-freelancers/
Retirement Plan Options For The Self Employeed:
https://www.nerdwallet.com/article/investing/retirement-plans-self-employed
Types of LLCs:
https://www.upcounsel.com/what-are-the-different-types-of-llc
Carl Faber - Episode 100:
https://www.youtube.com/watch?v=FdZI-plB6aU&ab_channel=ArtisticFinance
Lap Chi Chu - SIMPLE IRA - Episode 90:
https://www.youtube.com/watch?app=desktop&v=hKfIr1TEt7w&ab_channel=ArtisticFinance
...
Become a patron at:www.patreon.com/artisticfinance
Interview by Ethan Steimel