Organizations are trying to save extra money. Players are trying to get extra money. That's the way it is.
My grandma told me that to be wealthy you need at least seven streams of income, so that's my goal. I have a big family. I want to take care of everybody.
Assets put money in your pocket, whether you work or not, and liabilities take money from your pocket.
I mean I get loads of money, all from different sources. You give it to your accountant. They manage it. But you pay corporation tax. If you're then taking it out and spending it on yourself, you have to pay more.
It is one thing to seek out new ways to grow your company and new potential streams of income from new services or products, but it is quite another to take on responsibilities that are far from your primary job as Entrepreneur.
In todays uncertain economy, the safest solution to be wealthy, be in total control and enjoy freedom for you and your family is to have multiple streams of income.
I had casually rented an apartment that cost $75 a month because I expected my writing to pay my way.
I'm not a millionaire. I have a high earning power, but I never did have any capital.
I sell bikinis. I sell comforters. I sell Cam'ron pillows. I sell a bunch of things off my likeness, and it all came from music, so it's definitely a blessing.
You have to pay attention, like with tours and expenses; you have to factor that all in. You want to play music for the rest of your life, you have to pay attention to all the things. You want to know what's always going on.
I make money from touring and selling merchandise, and I honestly believe if you put effort into something and you execute properly, you don't necessarily have to go through the traditional ways.
I've been chasing some paychecks. Modeling. I don't discriminate against paychecks. I've got to pay the bills.
I believe in diversification of income, because you never know what will happen. I'm a slightly paranoid person who thinks things could be ruined at any time.
Earlier, I used to charge territories instead of my fees as an actor, but I realised it was better to keep the two apart. Now, I take my fees in cash, for acting, and keep the distribution thing separate.
The only things I make money on are speeches and books.
If companies are able to have multiple revenue streams and have their hands in multiple pools of money, then why shouldn't the people who actually work for those brands be able to do the exact same thing?
How it works: it's like I have a tour, so there's, you know, some income from that. We have merchandise. There's income from that. Then on YouTube, there's ad revenue... so, you know, YouTube puts ads on the videos, and we need a little bit of that.
I think, in the past, you could buy a flat and live comfortably on theatre and touring theatre, but you can't do that anymore, which means that you have to have a certain amount of celebrity and profile to, therefore, get TV and film work.
I've been crazy lucky that I've never had a day job. I get really close to having no money, then I always wind up getting some kind of great job.
I always wanted to be as busy as possible so that if one job went away I'd still have plenty of other things to do.
When you look at your freelance career, it's really like a mall. And if you look at a mall, it's a self-contained system that has a flow and logic to it. You'll probably have one or two really bigger jobs, those are like your anchor stores.
