Financial Audit Dropping Out Of School To Become An Actor Making $0
Jun 7, 2023
Camden Kump, an aspiring actor from Colorado, shares his unique journey juggling part-time retail and Spider-Man birthday gigs while pursuing his dreams. He reveals the challenges of surviving on just $1,000 a month and the risks of dropping out of college. Conversations touch on financial habits, such as not setting aside money for taxes and frequent overdrafts. Camden's passion for acting faces scrutiny as he balances his dreams with the reality of job security, exploring backup career paths while considering the daunting odds of success.
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Define 'Making It' With Dollars
- Caleb defines 'making it' as earning enough to cover living expenses so you can sustainably pursue growth.
- He urges Camden to set a clear monthly income target that justifies quitting school or full-time pursuit.
Living Off Savings Transfers
- Caleb reviews Camden's transactions and finds multiple transfers from savings to checking to avoid overdraft.
- Camden confirms many gig payments are cash or Venmo and his family sometimes converts his cash to bank transfers.
Avoid Relying On Savings Monthly
- Caleb warns that repeatedly tapping savings and maintaining low checking balances risks overdraft fees and financial collapse.
- He recommends building stable cash flow instead of relying on transfers each month.