Money Be What? Question #7

“I Have My Own Jewelry Business, Using The Jar System Where Would The Money For Supplies, Etc. Come From?”

-Alex Argo

Note: “The Jar System” Is A Money Management System in which you split your money up like so…55%Expenses, 5% GIVE, 10% Play, 10% EDUCATION, 10%Long Term Savings, 10% Investments (IRA/IRA Roth/401k) To Learn More Go Here

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Congrats on your Jewelry Business! I’ll have to check it out…

I like to treat a business as a completely separate entity. There are several ways to manage your money with that in mind. One way to do it is to take the money you make from your jewelry, reinvest whatever the materials and other expenses cost and whatever else you would like to take to reinvest into your business from the gross profit margin.

Then pay yourself out whatever is left. That would be the money you would then use the Jar System with. So for example. You sell earrings for $40 It costs you $10 to make them. So you reinvest $15 into your business {an extra $5 or whatever you want to use for cushion if you’d like} Pay yourself out $25. That $25 you will then split up into your JARS.

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Disclaimer: We Are Not Certified Financial Advisors. We keep it a little more down to earth and relaxed on this site;)

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Money Be What? Question#5

“I Don’t Have Health Insurance. How Can I Afford Emergencies And Doctor Visits?”

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As far as health insurance goes and other “emergencies” you can take your LONG TERM SAVINGS Jar and split it in half. So take 5% and save for a car and then take 5% and use it for a “cushion.” I truly don’t believe in saving for emergencies or rainy days. Money is another form of energy so I feel that if you are putting energy into rainy days you are going to spend a lot of time soaked and wet. So instead of manifesting emergencies, I would just give yourself what I call a “cushion.” That way you can use it for various things that have no negative or positive connotation.

If you don’t have health insurance, where do you live? “Healthy San Francisco” is amazing and for anyone who is not in SF I always recommend FDI. You get HUGE prescription discounts 10-60% off, and you have 24 access to a doctor on the phone so they can call your prescriptions in without you having to sit in the doctor’s office for something minor. You also get access to Wellness TRAX which is an herbal/homeopathic route. I live in San Francisco and I use FDI, lol. So I chose it over Healthy SF. I do have friends that like Healthy SF though, I just can’t speak from personal experience. If you have any questions about it though I can ask around for you to some of my friends who use it.

Money Be What? Question #3

“How Do You Recommend Getting A Job For Necessity When You Are Unemployable By Nature?”

-Kelly Mullen, Ontario, CANADA

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Money Be What? Question#4

“How Do I Teach My Kids To Manage Their Money At An Early Age?” -Francesca, Los Angeles

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THESE TWO Go Together. Read The Article, USE The Jar Kit…

Money Saving, PAINT YOUR OWN Jar Kit (parental supervision NEEDED)

The Artist’s Money Management System

Money Be What? Question #8

“I Am A Waitress And I Make Most Of My Money In Cash. How Do I Manage That?”

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Get Your OWN Hand Made “Paint Your Own” JAR Kit To Put Cash In At HOME

For Budgeting HELP Mint.com

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Disclaimer: I Am Not A Licensed Financial Advisor. We keep it a bit more laid back and relaxed on this site;)

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Money Be What? Question #9

“Do You Have Any Advice For Poor Struggling Artists Trying To Survive?”

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This Book REALLY Helped With My Attitudes Around Money

Secrets of the Millionaire Mind

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Discalimer: I Am Not A Certified Financial Advisor. We keep it a little more laid back and relaxed on this site;)

P.S.  Hey:) Did someone you know who could REALLY use this information pop into your head just now? Don’t hesitate! Please, choose from the following icons below and Redistribute…Thanks