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MIDCONVO

5 Investments We're Making - 079

Jun 6, 2024
Discover the power of diversification in creative endeavors, as hosts discuss their current investments. They share insights on navigating freelance journeys, transitioning from content creation to consulting, and the importance of pricing models. Learn how to identify consulting opportunities that align with personal passions. Delve into product creation with a unique dual-function charger as a case study. The conversation rounds out with vital financial strategies for creatives, stressing the importance of personal finance education and smart investments for long-term stability.
38:25

Podcast summary created with Snipd AI

Quick takeaways

  • Diversifying investments across multiple ventures enhances financial stability and fosters creativity for long-term success in the creative industry.
  • Offering structured consulting services allows creatives to monetize their expertise, transitioning from production roles to strategic partnerships that enhance income.

Deep dives

Building a Diverse Creative Portfolio

It's essential for creatives to diversify their efforts and avoid putting all their energy into one project. Focusing on multiple ventures can help maintain motivation and financial stability by allowing individuals to explore different revenue streams. The speakers discuss their own experiences in trying to build educational platforms and consulting businesses, emphasizing the importance of adapting and iterating on ideas over time. Such diversification not only mitigates risk but also fosters creativity in their work by encouraging new perspectives and approaches.

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