In today’s episode, we will be exploring three career investments that every creative professional should be making. Todd brings a unique perspective on the topic, emphasizing the importance of making small investments now that can lead to significant dividends in the future.
The first investment he discusses is the flexibility of focus and engagement. He encourages listeners to take a broader view of their career and seek out roles that offer increasing levels of flexibility as they grow professionally. This flexibility allows them to navigate their way into work that is personally meaningful and uniquely contributive.
The second investment Todd highlights is diversity of income. He cautions against becoming overly dependent on a single source of income, especially for freelance creatives. He urges listeners to start diversifying their portfolio of income streams to protect themselves from potential disruptions in the future.
Lastly, Todd explores the connection between financial freedom and the ability to do meaningful work. He emphasizes the importance of keeping expenses low and avoiding debt, as it gives individuals the freedom to pursue work that truly matters to them.
So, whether you’re just starting your career or already well-established in your field, this episode is packed with valuable insights and practical advice to help you make these three career investments. Tune in now and take the first steps towards building a resilient and successful creative career.
Five Key Learnings From The Episode:
1. Investing in flexibility of focus and engagement is crucial for building a resilient and successful career in the creative professions. This means seeking roles that offer increasing levels of freedom and focus as you gain mastery.
2. Building a diverse portfolio of income streams is essential, especially for freelance creatives. Relying solely on one source of income can be risky, as it can disappear unexpectedly. Side hustles and non-competitive projects can serve as a hedge against future income disruption.
3. It’s important to view your career as an investment portfolio that requires long-term thinking. Just like you forgo immediate spending to save and invest for future gains, you may need to do work now that you don’t love in order to create opportunities for more fulfilling work later on.
4. Financial freedom is closely tied to the ability to do meaningful work. Avoid increasing your spending in proportion to your income growth, as it can lead to trade-offs and compromise your ability to pursue work that truly matters to you.
5. When seeking career advice, be cautious of seeking validation for decisions you’ve already made. Advice should be context-specific, and what works for one person may not work for another. It’s best to consider your individual path and make informed decisions based on your own circumstances.
[00:00:25] Three career investments for creative professionals.
[00:05:49] Diversify income streams; start a side hustle.
[00:09:09] Build equity, not just earning income.
[00:11:30] Income, location, equity – keys to flexibility.