Financial Resolutions

Adam Martin

As this year comes to a close, it is important to use these next few weeks to start developing a plan as to how you will handle your finances in the New Year. This way you will be able to begin 2007 actually utilizing new strategies, rather than playing catch up all year.

We begin each of our seminars by asking participants to stand up if they truly want to change their financial picture and actually build wealth. Of course, every person is always on their feet. The next question, and the one I would ask you all to think about is: What active steps are you taking to achieve this? There are so many actors smart, talented people who make statements that reveal a lottery mentality. Well just hang in there and everything will turn out somehow. Or As soon as I land that next role, Ill be on top of things. Building wealth is absolutely no different than building an acting career. Unless youre pro-actively, consciously working according to a plan, dont count on anything turning out on its own. Success is never an accident.

Our focus at Abundance Bound is helping actors make success a surety by giving you the tools to get out of debt if necessary, and then the skills to make money, protect it and accelerate its growth in a predictable and almost automatic way.

The reality is that most actors dont become wealthy. We work day in and day out, (usually not in acting jobs) struggling to pay bills, stay out of debt and just get ahead for at least one pay period. Many of us can barely afford our rent, let alone acting classes, headshots, reels, audition clothes and all of the other things it takes to really pursue an acting career.

If this describes you, this isnt the time to get depressed: it is the time to change your game plan. The potential to build wealth is available to everyone, and that includes actors and artists. Stop using the excuse that Im too focused on my acting career to think about anything else. Nothing will thwart your acting ambitions faster than financial desperation. It is absolutely possible to create financial security, and even independence, while simultaneously and aggressively pursuing acting. Once you make the decision to absorb the specialized knowledge and master some vital skills, you can thrive.

So whats on your list of New Years resolutions? To lose weight? To exercise more? To spend less? To stop using credit cards? Why not include a resolution to increase your financial literacy ? Selecting a good book on a financial topic you need help with is an easy first step. That way you can start reconditioning yourself to see the financial possibilities in a situation, instead of the problems. Its about being assertive, self-directed, and passionate in your desire to acquire financial stability. It requires being extremely resourceful, knowing how to use all the necessary tools, and working with those who can help you.

Make a commitment to yourself to start learning about, and understanding, money. If you are reading a book or taking a seminar, do the exercises you are given and dont proceed until you understand AND implement what youve read and/or learned. Let the concepts sink in, because theyre the building blocks of your wealth knowledge. Examine how you could apply each concept to your own personal situation, and how it could work for you. Get the basics down in order to build your financial foundation. Go at your own pace, take your time and remember that youre not in a race.

Dont let this New Year pass you by without making the decision and taking action steps that will make it a turning point in your financial picture.

Adam Martin Director, Abundance Bound, Inc http://www.abundancebound.com


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