Breaking Broke

Breaking Broke

In my various social circles- young adults, New Yorkers, and actors- “broke” is a buzz word. Everybody’s saying it, doing it, and living it- and so am I.

But here’s the thing… I don’t want to be broke. That might sound super obvious, silly even, but it’s actually a fairly recent revelation.

When I graduated college I didn’t really care much about my pitiful salary or the stress that accompanied getting the bills paid in full each month. I was living my dream and if the cost was some monetary struggle, it was well worth it. For many years I operated under this mentality, fulfilling the starving artist stereotype complete with bouts of unemployment and stints as a babysitter, assistant, and coat check girl.

In the midst of pounding the pavement and working soul crushing survival jobs it occurred to me that I had accepted being broke as my personal status quo. I didn’t have a long term plan in place beyond book a Broadway show, which was neither a surefire nor a long term solution to my broke dilemma.

Broke and Beautiful Life BookIt was then that I stumbled upon the great wide world of personal finance, using information and financial fundamentals to break free of broke by maximizing each and every dollar- from getting better returns on my various bank and retirement accounts to scoring rockstar rewards through cards and cash back.

Learning to leverage my dollar to prepare for both my financial present and my financial future allowed for broke to be beautiful- a journey I’ve chronicled over the course of the last two years on this blog and now, in my book which, shameless plug, is being released TODAY!

As I look forward this New Year and beyond, my goal is to not only break free of broke by making the most of my limited income, but to leave broke in the dust by saying screw it to the starving artist stereotype and building multiple streams of diverse income to thrive artistically, financially, and every other awesome adverb there is.

I want it all, and dammit I’m going to have it all!

My wish is for all my colleagues lamenting “brokedom” as I have is to follow suit and find empowerment this year through financial literacy- starting with simple steps like learning financial fundamentals, budgeting, and tracking spending. There is no need to be limited to a stereotype, whether it’s broke Millennial, broke New Yorker, or any other type of “broke” there is.

Have a healthy and WEALTHY New Year everyone! #breakingbroke

How are you breaking broke?

 

35 responses to “Breaking Broke

  1. I also hate the broke mentality. I can never settle for being broke. It was ok when I was younger and clueless of how I was living below my privilege. Good on you. Maybe you should start a No Broke Starving Artist Organization and start changing some of your peers mentality.

  2. I love your optimism. I just listened to a podcast where a guy drew a half full/half empty hourglass and said, “To me, this glass is 100% full, all the time.” You remind me of that.

  3. This kind of mindset is also rampant in academia — and as a veteran of both an “artsy” career and of teaching, I’ve been as guilty of it as most of my peers. You’re lucky that you realized this and gave it a name while you were still very young! I always kept my bills paid but also always accepted that “I’d never have much money” without really thinking that through. I’m tired of that assumption, though.

    Congrats on the book!

  4. So proud of you for writing a book! I hope it’s a huge success and I hope 2015 is a great year for you. Love the pic!

  5. Well done with publishing the book Stefanie! I am glad you decided to go beyond living “broke” and see just how far you can push yourself to achieve what you really want out of life.

  6. Congratulations on the book – what a huge accomplishment!! I’m impressed by your tenacity to break the cycle of your brokedom. And I applaud your efforts to empower others to make those same changes! Cheers to the new year!!

  7. Congrats on the book! That’s a great accomplishment! And I completely agree about breaking the broke stereotype. I was just talking with a theatre friend about this. I have a lot of theatre friends who think that part of being an artist is being broke, and she’s trying to break out of that herself and prove that worthwhile art can happen even if you’re not starving. Haha. Cheers!

  8. Congratulations! I love your writing voice – you are so relatable. I think many people just starting out could benefit from your book – not just those in teaching or the arts. I know I would have. Many people overestimate how far their first real paycheck will go. I ‘ve heard more than one comment – I didn’t realize how much would be deducted for taxes. Looking forward to more great posts in 2015.

  9. The starving artist lifestyle isn’t what it’s cracked up to be. Having money is much more fun! Great job on the book release!

  10. Congrats on the book and on deciding to beat broke! You go girl! I too am trying to build multiple income streams so I can avoid having the problem of running out of money and being broke. I also want to quit my FT job in favor of something I actually enjoy, but I want to avoid being broke if I can, haha.

  11. You hit the nail on the head – broke is a mentality, and one we have the power to overcome. Congrats on the book and your positive outlook to 2015!!

  12. Congrats on your book release, Stefanie! You have always had solid financial advice coming out the ears, and a great style for communicating it all to others! Wishing you nothing but the best on this big release!

  13. Congratulations on the book!! So excited to see where this takes you. I’ve always loved your attitude toward finances, and this is no different. I completely agree that people need to get out of the broke mentality. It just drags you down. I have no doubt you’ll be hightailing it to building wealth this year. =)

  14. Congratulations! I checked this out from Amazon through their lending program. Loving it so far. I hate the whole Bohemian starting artist stereotype…too many artists fall into that myth…the truth is that people like the great masters were often commissioned for their work.

  15. Good way to put a positive on beating broke! Great article, full of helpful information. Looking forward to reading more articles on your blog. Keep up the good work.

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