In this series we will be highlighting burgeoning entrepreneurs in the modern era. These are folks who have taken the risk of quitting 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 focuses on actress, recording artist and musical sensation Lynn Solar. After obtaining her masters degree and teaching kindergarten, Lynn decided to jump off the beaten path and follow her passion. She maximizes her time by using the gig economy to it's fullest potential and then enjoys the freedom to set her calendar based on her needs and objectives. We talk about time management and what it feels like to jump out there on your own. She's a powerful voice for women and entrepreneurs everywhere.
Which Apps Do You Use?
I use, FB, IG , Twitter, Soundcloud, youtube, Gmail, Google drive.
Do you Remember Your First Day? What Were You Feeling?
My first day I remember feeling like a deer-in-headlights! my eyes popped up early in the morning and I thought "oh my god! did I really just do that?! did I really quit my job?! am I really "full-time me". and then I said "Okay God what are we going to do today? and I took that day or two to just chill reflect, refocus and reset for the next stage of my journey. I was both excited for this new found freedom that i created and afraid. But I had developed this phrase " I am more Faithful than afraid." and truly I was more afraid of staying in a situation that no longer fit for me than anything. So i knew it was time to take the leap.
What Were You Doing Before? What Made You Want To Try Something New?
For the past 5 years I was working in the field of Education while simultaneously building my career in music and acting. I took on this artist life 6 years ago to fulfill my need to pursue a powerful living to be happy doing what I loved to do. so while I have been thinking all of my life it wasn't until I graduated with my Master's Degree and had been a Pre-K teacher for a year that I realize that that profession would not sustain me long term. So my sorority sister, sister-friend, who is also my business manager and I got together and created a plan which was the very beginnings of my brand development.
How Do You Balance Your Time?
Ha! not very well it seems sometimes laugh out loud. I use my calendar for everything from business items to social events to even my rest time. it keeps me from getting overbooked, although I still put too many things on my calendar. but generally I make sure that I don't go too many days without taking a break schedule rest times at random times of the day sometimes whole days sometimes just five or six hours at the end of the day. I use the Do Not Disturb function on my phone so in the evenings too late mornings my phone doesn't make any noises or interruptions from text messages or phone calls. And I make sure that after a few days and so that I schedule time to spend with family and friends.
Tell Me About Your Business...
My business I am a singer-songwriter artist and actress. my brand focuses on encouraging others to be their own superhero! That they have everything they need to have the life and to Chase the dreams they desire, right now. I encourage people to live fully and partly. Solar powered is what I call it. my brand is a " power brand".
How Much Time Per Week Would You Say You Get To Dedicate To Your Craft?
Unfortunately I do not spend enough time or as much time as I would like in my craft. I'm even embarrassed to say how many hours. I have been self-employed four eight months now and I'm still trying to figure it all out. Some days I'm so excited everything is going the way i want it, i am Slaying the day. I have these Amazing Music days where I start my mornings off just the way I want it where I don't have to go anywhere and all there is is just me in my home office- the "Solverse" listening to music, doing vocal exercises, learning new songs, learning how to play the guitar, And playing around with my vocal technique. And then some days I feel like I'm failing. my business tasks and odd jobs takes up a lot of my time and by the end of those day I'm often tired and stressed. If I had it my way I spend 40 hours a week at least on my craft. I want to sleep and breathe music!
What Else Do You Like To Do With Your Free Time?
In my free time I love trying to restaurants I love cooking new recipes. I love exploring my city like a tourist, I love spending full day's binge-watching movies. I reeaaaaally love solo travel it helps me clear my mind. And I love when I can take the time to visit with friends especially those with babies! Babies make me happy they make me feel like everything is right in the world.
Any Advice For People Wanting To Follow A Similar Path?
My advice would be to take your time exploring what you truly want to do. it will be the thing that makes your heart leap and soar! make the first step now, know that you have whatever you need to start right now. ask a lot of questions, connect with others in the music industry and connect as a make friends with them, find people that share and expand your mindset & interests. share with everyone you know about what you're up to it will help you find your tribe and guide you to someone or some resource that you may need. When you get overwhelmed stop and take a break. catch a breath do something you love to do and then get back to work. And if you ever question who you are or the next step in your process, pray, ask the universe, and then meditate on it. the answers will show up for you. Most importantly do not quit.
For bookings & inquiries, please contact Lo at [email protected] or (872) 221-0077
Lynn Solar's debut single "I Am Enough" is available from her website (www.lynn-solar.com) or digital platforms where music is sold and streamed.
While it's possible to be frugal with many aspects of your lifestyle, there are certain events and possessions that will require you to spend a substantial amount of money. Thus, a wise course of action is to begin saving well ahead of time while thinking about your goals for the future. This way, you'll be able to maintain a stable financial state even when faced with those large expenses. The following are a few major life purchases that you should plan for.
Marriage is a joyous occasion that many people look forward to. However, a wedding can be quite expensive, often costing thousands of dollars. Your family and your future spouse's family will often contribute to covering this, but you should still prepare to spend a good deal of your own money on the ceremony. If you're in a serious relationship and are considering marriage, you should plan where the funds for the wedding will come from and take the necessary actions to accumulate them. It's also crucial to discuss financial matters with your partner, since your property will merge once you get married.
A New Car
Automobiles remain one of the top modes of transportation. As a result, you may want to purchase a new car at some point in your life. Although you may be fine with an old or used vehicle at present, you may one day be motivated by a desire to acquire something nice for yourself or by the practical needs that arise as you raise children. Whatever the case, obtaining a new car is a major life purchase that you should plan for.
In addition to setting aside funds to eventually put towards a vehicle, you should also aim to build you credit score. This is because your credit score will determine your available car loan options. The higher your credit score, the more you may be able to lower your interest rates on your car.
Owning your own residential property is a worthy objective that you may hope to make a reality one day. Ideally, you should save about 20 percent of the total cost of a house before you buy it. This will allow you to make a larger down payment and thereafter face less interest on your mortgage.
As with acquiring a car, the mortgage options that you'll have can change based on how strong your credit score is. You'll want to increase your score as much as possible in the years leading up to buying a house so that you can get more favorable interest rates. In addition to contemplating down payments and mortgages, you must also remember that you'll need to deal with property taxes, insurance, maintenance and repair fees, and sometimes homeowners' association charges.
It's also necessary to hire a real estate agent to help you with the buying process. There are different types of real estate professionals. You should know how to distinguish between buyer's agents and seller's agents so that you can obtain favorable prices on homes as well.
Many people live together before getting married and have begun the process of combining accounts and sharing responsibilities. However, some people wait to do this only after marriage, and others wait until they're married to live together. Whichever path you've chosen, it's still crucial to know a few tips to manage money together as newlyweds to determine where you should begin and how you can remain on the same page.
Discussing Money Motivations
As we begin to share money with our significant other, we soon find out what one person may rank as a priority regarding money and the other may not. As such, sitting down and discussing money motivations is important. Two people who cannot agree on how to handle money may cause serious issues. This should include:
- How to deal with money following payday. Is a percentage put into savings? Is that the day to splurge on dinner, drinks, and more?
- The frequency and size of payments made to debts. Some people like to pay minimums, whereas others pay in full or make double payments.
- What do you each consider money well spent? Is it a new 70" 4K television? Is it an investment? Is it paying as much debt off as possible?
- How do you go about consulting each other before making purchases over a certain amount?
Establishing Financial Goals
After you evaluate the motivations behind your money and how it should be spent, you'll need to spend time together hashing out financial goals. As newlyweds, there are certain things on your list that you're going to want to save for. How do you go about that? How much of each paycheck will you dedicate to a particular fund?
Some things in the future worth making a financial plan for include savings and paying down debts. This is the time to be honest about your current financial standing. If you're looking to buy a home, you'll want to assemble a first-time homeowner financial checklist to begin to develop topics of conversation. Some of the things to consider setting goals for are:
- Student loans
- Car loans
- Future children
- A house
- Medical bills
- Delinquencies on credit reports
- Vacation and rainy-day funds
- Emergency funds
The more honest and open you can be with each other about the money you have and now the debts you share, the better. Implementing plans for the best ways to have the things that you both desire while still taking care of existing demands is important. These can be uncomfortable things to talk about; however, these conversations are necessary.
Following these tips to manage money together as newlyweds will allow you to have a starting point for conversations that can be tough to start. The sooner you and your partner get on the same page with finances and the responsibilities that come with them, the easier the transition will be and the sooner you'll find success.
It's the dream: money you can count on to keep rolling in, even while you sleep.
Passive income isn't entirely passive, of course. You'll put in work up-front to get the profits rolling, so don't relax in your recliner just yet. But with so many potential sources of passive income available to you, picking one or several will mean that the day you can finally kick back will draw steadily closer.
Real estate is a tried-and-true wealth builder for a simple reason: people will always need somewhere to live. Research the market in a growing community until you know a good deal when you see it. You can maximize rent by fixing up a deteriorating property or upgrading a mediocre one. The key is to hire a property manager to do all the day-to-day landlord duties for you—and you'll need a good one. Smart investors put their profits in another property and repeat the process until they have a diverse portfolio.
A YouTube Channel
You can start a blog if you're more comfortable hiding behind a computer, but consumers are more likely to prefer video content. Post a series of “how-to" videos to answer questions about whatever you're an expert in.
You can put up any content you want, but if you don't want to commit to regularly updating it, focus on “evergreen" topics that will draw clicks for eternity. Ads will create your income, especially if your channel grows in popularity. Better yet, sign up for affiliate marketing. If you recommend a product and provide a link to buy it, you'll get a small percentage of those transactions.
If you don't mind vinyl-wrapping your car with an ad for a company, you can get cash just driving around and running your errands. Make sure you contact a reputable company that doesn't ask for any money from you; if they're the real deal, they'll evaluate your car, your driving habits, your area, and more. Bonus: the brighter the ad, the easier it'll be to find your vehicle in the parking lot.
What's something that people will pay for but doesn't require shipping on your part? Finding that item is what can supplement your income indefinitely. Write an e-book, charge for your cross-stitching patterns, design prints that people can digitally download, invent an app, record a “masterclass," or whatever else you want. Every time someone new discovers it, the cash register rings. With a little more effort, this is a potential source of passive income for you that can continue to grow. Once you build up a customer base, they might want more products. The good part is that it's up to you whether you wish to give it to them.