Want money advice that you can actually understand? So much money advice ignores who we are, our background, our values, and our emotions. I’ll show you how to be in better control of your money every week, even if you’re just starting out.
🎨 Managing the feast or famine nature of creative work
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Hey pal, I’ve been thinking about this quote from Katherine May’s book Wintering. “We are told to live within our means, but there are times when, frankly, I feel that 'my means' would be a caravan on waste ground. Instead, I suspect that most of us have periods of feast and famine in our lives, and, increasingly, we spend the feast years paying off the debts of the famine. It's only money, as a friend of mine often says with a sigh.” Most of the creative professionals I’ve spoken to at the beginning of this year have told me that they spend this time looking ahead, trying to project what they think this year will look like in terms of income. And while most will earn something similar to the year before, at this point in time, they don’t seem to have any idea how things will shake out. If you’re a creative professional with an inconsistent or unpredictable income, I’d love to hear from you. How do you approach your financial life with an inconsistent or unpredictable income? From paying yourself to saving for retirement, what has worked for you and what hasn’t? Thanks in advance for sharing. As always, don’t be shy about hitting reply. Your pal, P.S. Are you looking for a financial planner to get 2024 off on the right foot? I’m partnering with Ladies Talking About Money to provide personal financial planning this year. Spots are limited; inquire here. 1. 💸 Owning Your Art, Ideas and Intellectual Property with Pamela Rosario (Weird Finance) In this episode of Weird Finance, Paco talks to Pamela Rosario (@pamelarosariolaw) about her path to becoming a self-employed intellectual property attorney, the importance of setting up your business properly, the financial implications of working for yourself, and how to navigate and understand creativity in the context of intellectual property and the law. This episode also features Loose Change, a short segment with Chris Laughter, where he walks up to random strangers on the street to ask them their thoughts, feelings, and opinions about how we relate to money and one another. From helping you get a grip on your spending to planning for retirement and tackling debt, we’re working with Ladies Talking About Money to provide personal financial planning. Our approach to money and personal finance is all about making it accessible, less scary, and meeting you where you are. We have limited spots available; fill out an inquiry form here. If you have a question you’d like me to answer on the Weird Finance podcast, you can leave me a voicemail at 1-833-ASK-PACO. You can also email me your question by replying to this email or emailing us at weirdfinancepod@gmail.com. |
The Nerdletter by Paco de Leon
Want money advice that you can actually understand? So much money advice ignores who we are, our background, our values, and our emotions. I’ll show you how to be in better control of your money every week, even if you’re just starting out.
Hi there, Last week, I learned that before Regan popularized “trickle-down economics”, it was known as the Horse and Sparrow theory: “If you feed the horse enough oats, some will pass through to the road for the sparrows.” In other words, sparrows benefit when horses are overfed since eventually, they’ll shit some undigested oats. Stumbling across this reminds me of when I learned that the phrase “pull yourself up by your bootstraps” was originally a joke because it’s absurd and physically...
Hi friend, Welcome to the 350th issue of the Nerdletter! Regardless of how long you've been reading, thank you for being part of our journey to 350 issues. The most significant insight I've gained from publishing 350 issues of this newsletter is the unpredictable yet potent force of consistency. I’ve learned that consistent, small actions, like sending a simple email, can be more impactful than inconsistent, big actions. But often, the hardest part of remaining consistent is believing that...
Hey, All of our regular habits create neural pathways in our brains. The more frequent the habit, the deeper the groove. Habits can be a thought, like “I’m just not good with money.” They can be an action, like impulse spending. And you can also be habitually avoidant of something, like investing your money. The most ingrained neural pathways are like the Grand Canyon in our brains. Changing the path is like shoveling the Grand Canyon. Changing our habits is difficult because it takes a lot...