Rich Dad Poor Dad

So this month we have been reading Rich Dad Poor Dad for my finance class.  The further I get into the book, the more I see I have the mindset of poor dad which both humors me and makes me angry.  I see how incredibly easy it is for everyone to have the mindset of poor dad which is educate yourself and work hard in a company for raises and promotions and an occasional bonus.  Living like that you may get to take one good vacation a year then you have to come back and work extra hours to make ends meet at the end of the month and if you have kids forget it.  No vacation. You may just have enough to send them to grandmas for the summer and your vacation becomes one away from them.  What type of life is that?  To those living it I’m sure great but the more I’m learning about finance the better I intend to do.  The book talks about getting a better financial IQ which is something I can now start to work on.  Now a lot of these things I have heard about or understood just never really realized what a disservice I would be doing myself if I don’t become more of a financially risky person.  Not risky in the sense of going to Vegas and betting all my savings on black but in the sense of letting my money work for me through investments and side business ventures.  I want desperately to retire early I hate people and the quicker I can get away from them the better off I’ll be.  I’m kidding of course.  Not really but ok.  Seriously though I want to live a comfortable life in which I can travel when I want without having to come back and stress myself about bills, and I want to be able to do that doing something that I love and be able to retire early.  Work should be optional not mandatory.

Finance

Since I have actually figured out just what it is that I want to do with my life I have begun to share that information with others.  While most of my family and friends are familiar with an entertainment publicist and what they do, their main concern seems to be how do they get paid!  So lets’ talk a little about that for a minute shall we?  Publicists can make money a few different ways.  They can charge by the hour, by retainer, and charge for a flat rate.  A publicist can charge for a number of things, general advice, booking appearances, promotion, and crisis control.  So you can see why it is important to have rates already figured out and categorized before I open the business.  I want to make sure I’m charging people the same prices for the same services.  Now if one project is larger than another or takes longer than pricing with be reviewed on that situation.  Ethics, morals, and being fair are things all very important to me as far as the reputation I want my company to be known for.   Something new to me were PR packages which I saw on this site .They charge weekly, monthly, and for single services, which maybe a great idea for my company starting out until I develop a fluid client base.  While looking at that site and a few others I was faced with the reality that a great deal of my clients may not yet have the type of money that I want to charge because of the fact that most of them will be developing artists the same way I will be a developing company.  So sacrifices and taking on clients that are not in my ideal client base maybe something else that I have to look into.  I’m open to that because you never know how that experience will help benefit the company and I’m always open to gaining more experience.