I remember when I bought my first piece of furniture. The purchase of that cute country gingham couch was so overwhelming, but I was overjoyed that I had made a grown-up investment into something that was mine and a complete reflection of my sense of style. As I grew older that couch followed me from place to place, through different relationships, and then as my style refined I had to say good-bye to that cozy gingham couch and invest again.
Just like investing in a car or buying a country gingham couch, the unfortunate but necessary financial set back from investing in your child’s career can be really overwhelming. From headshots, acting classes, self-tape equipment, gas for commuting to auditions, the list is long and there are a lot of expensive components to set your child up for success in this industry. Believe me, I get it.
My Daughter came to us when she was around 6 and said she wanted to be on T.V. We laughed, told her she was cute and changed the subject. She was so persistent that we could no longer sluff off her wants and realized that our job as her parents was to help lift her wherever her passions would take her. Lucky for us we were not unfamiliar with the industry and felt like we could successfully guide her through it. With that being said our wallets were overwhelmed by the financial commitment but made the mental adjustment to treat what lies ahead as an investment going forward.
We pow-wowed as a family, set ground rules, we made the initial investment with the understanding of whatever comes in monetarily from her career some of it must go out to enrich it. That meant she needed to understand that this chapter as a working actress was a business first and not just something fun to do on the side. Eleven years later SHE is the one who has invested. From headshots, acting classes, self-tape equipment, clothes, and so on. She has a clear understanding of her finances, a sense of pride knowing she is the decision-maker in her financial future and career. In addition, the weight on our pocketbooks has lifted.
As you move forward with your own child actor I encourage you to have an honest realistic conversation with them about how business opportunities are sometimes fleeting and the importance of creating financial preparation. Remember, your biggest investment is right in front of you. They are bit by the acting bug, fueled with the excitement for what’s to come and growing up way too fast. Hug them, talk to them, empower them, guide them, and have a sweet snuggle on your cozy couch.
Sjaan