There are times I think it might be nice to have deep-pocketed limited partners to provide me with some cushion. But I enjoy having no responsibilities except to myself, financially.
Do you have an emergency fund? If not, build one - aim for three months of expenses to start, then boost it to six. It will ease your anxiety and get you out of a potential jam.
I accumulated in those years so fine a surplus in the Book of Observance that I have been drawing confidently upon it ever since.
Eliminating or substantially lowering just one major monthly expense can give you enough cushion to move into a more comfortable place financially.
Loving relatives and home-cooked meals are solid levees against a recession.
I think it was very important for me to look at starting to build a safety net so that I didn't feel the insecurity of the ups and downs of finances because I might do no film a year, or I might do six commercials, or I might do none.
Successful people save in prosperous times so they have a financial cushion in times of recession.
If we know there is enough money in there for nine or ten months, we won't worry too much. They can come back and get more-not all they want, but a large piece of it. So you always have the supplemental as a safety valve.
Raise as little as you can to get you to something that you can show - plus maybe a quarter or two so you have a little bit of cushion - and then raise some more money. Raise as little - not as much - as you can because that's the most expensive equity you're going to sell.
There were days when I was on the last $10 in my account, and I was freaking out about paying rent or buying groceries. Then you book a commercial, and you're good for another three months.
I always feel like there is some dude out there with money that I could fall back on if I needed to.
If it weren't for 'Cuckoo's Nest,' it would be very difficult for me. It gave me a cushion to live at my artistic pace and not fear I wouldn't have money to live on.
A lot of money eliminates a category of worry. If your car breaks down, you're still going to get through the day. But it doesn't make you a happy person if you weren't a happy person before.
