Coach Clay Banks is giving actors some financial insight in his latest video.
There are a few important money principles that all actors can benefit from. The first, is that money needs to stay in motion. “You can’t just get a hold of money and hang on to it. It needs to move,” says Coach Banks. If you listen to the language used by financial advisors to describe money, such as “liquid cash” and “cash flow” you will notice that they are flux words. This is because you have to keep it moving and flowing – money should be coming in and also going out.
When money is given out, the law of reciprocity comes into effect. Clay challenges actors to give it a try. “I want to encourage you to take a percentage of your money and give it away. To a charity or fund or tithe or organization… let the money go out. It’s like planting a seed and walking away. That money will come back and pay you multi fold. Just don’t forget to be smart about how you do it!”
Along with Acting Coaching, Coach Banks specializes in personalized Business Coaching. Want to learn more? Fill out the form below for more information on CBSI.