In this series we will be highlighting burgeoning entrepreneurs in the modern era. These are folks who have taken the risk of quitting or working double to quit their conventional jobs in pursuit of their passions. This is a difficult road that many never find the courage to venture upon, but the rewards are so worth it, and as you know, no risk, no reward, know risk, know reward.
This episode highlights Kevin Delgado, author, illustrator and independent publisher of the renewed forward thinking comic book series "Volantis". Kevin turned his passion for drawing and his natural eye for design, fueled by a lifelong dream and is venturing out to make it all come to fruition in a major way. Kevin shares what it takes to balance time between being creative and taking care of business, being a dad and being a boss, and a turning your passion into a career.
From Volantis #2Kevin Delgado
Tell Me A Little More About What You Do And How You Got Into It
My name is Kevin Delgado and right now I am writing, illustrating, coloring, and lettering my own comic book called "Volantis". I have taken art seriously my entire life. I even went to the Art Institute of Pittsburgh and got a degree in Graphic Design, which I also do for a living. I had always wanted to draw comics, but put it on the back burner to pursue a career in music. I got back into after a near fatal incident that left me incapacitated for months. It was during that time that I really started making more art and putting it out there and getting great response.
Do you Remember Your First Day? What Were You Feeling? What Were You Doing Before? Why Made You Want To Try Something New?
Like I mentioned earlier, I had pursued a professional career in music under the stage name "Frigid Giant", both as an emcee and producer. I still make music and perform live steadily. I think all musicians are artists and vice versa, its a different way to express yourself. My artistic direction shifts constantly. If i feel like making music, I make music. If I feel like drawing, I draw. I never force myself to do either.
How Do You Balance Your Time?
The hardest part about life is time management. I try my best to eliminate needless distraction (Phone, internet, games, etc). Its hard, especially considering that i have such a lust for life and adventures. I also try to decrease my alcohol intake as much as possible, I cannot illustrate inebriated, rapping on the other hand....
Tell Me About Your Business?
Solstice Art is my publishing banner. I self produce and publish comic books. I am also open for commissioned Illustration and graphic design. I also provide print services.
How Much Time Per Week Would You Say You Dedicate To Your Work?
I do graphic design 40 hours a week, I probably put an additional 30 hours or so into commissioned work and the comic book series.
What Else Do You Like To Do With Your Free Time?
Travel. I have kids that I am raising as well and a fiance. I really don't have free time. I am constantly working. I love the hustle.
What's Next For You?
This comic book is no joke, I have pretty much set it up to be my life's work. I want to keep making it and hopefully have it adapted for television / movies. I am also interested in real estate, I am in the process of buying some property as we speak.
Any Advice For People Wanting To Follow A Similar Path?
I would say to make sure you are ready to dedicate your life to it. If you are not completely obsessed with it, don't go for it. Don't waste your time or anybody elses. I am still very far from where I want to be, but I HAVE to put the leg work in now. All I can hope for is that a publisher sees my dedication and work ethic and decides to pick me up, whether it be for my book or someone elses. That and don't give up, not much success comes over night.
To learn more about Volantis, Kevin, and how to grab your copy, click here...
When you take out a loan for a car, charge something to your credit card, or get a personal line of credit, there is going to be an interest rate that applies to your loan.
A lot of different factors go into what you will be charged, including your own personal credit score. But even those with flawless credit still see a minimum charge that they can't get around. That all goes back to the Federal Funds Rate.
One thing consumers rarely realize is that all of our banks are lending money to each other every night. Banks are legally required to maintain a certain percentage of their deposits in non-interest-bearing accounts at the Federal Reserve to ensure they have enough money to cover any withdrawals that may unexpectedly come up. However, deposits can fluctuate and it's very common for some banks to exceed the requirement on certain days while some fall short. In cases like this, banks actually lend each other money to ensure they meet the minimum balance. It's a bit hard to imagine these multibillion-dollar financial institutions needing to borrow money to tide them over for a bit, but it happens every single night at the Federal Reserve. It's also a nice deal for those with balances above the reserve balance requirement to earn a bit of money with cash that would normally just be sitting there.
The Federal Reserve
The exact interest rate the banks will charge each other is a matter of negotiation between them, but the Federal Open Market Committee (FOMC) (the arm of the Federal Reserve that sets monetary policy) meets eight times a year to set a target rate. They evaluate a multitude of economic indicators including unemployment, inflation, and consumer confidence to decide the best rate to keep the country in business. The weighted average of all interest rates across these interbank loans is the effective federal funds rate.
This rate has a huge impact on the economy overall as well as your personal finances. The federal funds rate is essentially the cheapest money available to a bank and that feeds into all of the other loans they make. Banks will add a slight upcharge to the rate set by the Fed to determine what is the lowest interest that they will announce for their most creditworthy customers, also known as the prime rate. If you have a variable interest rate loan (very common with credit cards and some student loans), it's likely that the interest rate you pay is a set percentage on top of that prime rate that your lender is paying. That's why in times of low interest rates (it was set at 0% during the Great Recession), a lot of borrowers should go for fixed interest rate loans that won't increase. However, if the federal funds rate was relatively high (it went up to 20% in the early 1980's), a variable interest rate loan may be a better decision as you would be charged less interest should the rate drop without the need to refinance.
The federal funds rate also has a major impact on your investment portfolio. The stock market reacts very strongly to any changes in interest rates from the Federal Reserve, as a lower rate makes it cheaper for companies to borrow and reinvest while a higher rate may restrict capital and slow short-term growth. If you have a significant portion of your investments in equities, a small change in the federal funds rate can have a large impact on your net worth.
Whether you're leaving a job involuntarily, departing for something new, or just want to prepare for the unknown, it is smart to understand all your options regarding your 401k.
Frugal gifting often gets a bad reputation. However, this shopping method does not make you cheap — it makes you practical. Frugal gifts often avoid waste and overspending and can be just as meaningful (if not more so) as any other present.
With the National Retail Federation predicting each consumer this holiday season to spend upwards of $1,000 on holiday gifts amidst an economic recession —this year might be the perfect time to reconsider your spending budget. We've formulated the ultimate list of frugal gift-giving ideas to get you started.