EPISODE 45: Creating Financial Stability for Authors: Learning the Art of Creatorpreneurship with Financial Advisor and Author Anna Orenstein-Cardona

Send us a textIn this episode of Way-Word Writers, senior literary agent Heather Cashman and authors and writing coaches Stephanie Bearce and Nicki Jacobsmeyer chat with Anna Orenstein-Cardona, a children's author and financial educator. They discuss the financial realities of the publishing industry, from advances to royalties, and offer valuable advice on diversifying income streams through the concept of creatorpreneurship. Anna shares her own strategies and insights on balancing creativity with financial health, and the importance of recognizing one's worth as a creator. Learn how to navigate the economic aspects of being a writer, from negotiating contracts to leveraging extra skills for additional income. 00:00 Welcome to Way-Word Writers 00:31 Introducing Anna Orenstein Cardona 02:55 Anna's Creative Journey 06:29 Financial Realities in Publishing 09:30 Statistics and Industry Disparities 23:16 Challenges and Strategies for Authors 31:12 Embracing Creative Entrepreneurship 33:19 Leveraging Digital Platforms for Marketing 33:47 Financial Well-being for Creatives 34:15 Diversifying Revenue Streams 36:26 The Reality of Full-time Creative Work 38:55 Creative Income Sources and Future Goals 47:47 Examples of Successful Creatives 55:41 Valuing Your Work and Overcoming Guilt 59:09 Final Thoughts and Encouragement Anna created a brief guide for you!The Writers & Illustrators Guide to CreatorpreneurshipFind Anna on her website here! This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit waywordwriters.substack.com