Kamryn Minch authored today's post. She is a comedian and small business owner from the Pacific Northwest. You can find her at the weekly Peeled Bananas Comedy Night or catch her at her business "I Knew Her When" housecleaning.
When I was a sophomore in high school I read a book and then decided I wasn’t going to college, I was never going to work for someone else, and I was going to be a comedian. So far, 3 years out of high school, I’ve only worked 2 jobs that I’ve had to fill out W2 forms for, but now am fully self-employed and I am regularly doing open mics around the sound and even running one of my own here in Tacoma. That’s pretty bold, right? Just all of a sudden knowing this is the path I wanted to go down without any real world experience? Let me tell ya, it wasn’t easy, it hasn’t been easy, and I don’t suspect it’ll get any easier. But I love the challenge and the freedoms it grants me.
The idea of failure often will get in the way of you pursuing your dreams, but what most people don’t realize is that failure is just another form of success. Without failure there is no way of knowing that you didn’t know what you thought you already knew. I think that’s something you’re supposed to learn in university, I went to community college my last 2 years of high school so I feel like I’m just about as ignorant as I’m supposed be. I read a book called Rich Dad, Poor Dad the summer of my sophomore year and that book changed the course of my life.
I’m not too sure about the book now, I should go back and reread it sometime because it’s somewhat vague and possibly contains a false premise on which the author, Robert Kiyosaki, bases his entire teachings, but other than that, the book presented eye opening ideas that I was immediately on board with, not many of which I fully understood at the time but revisiting them now as a business owner I’m starting to get it.
In order to not go on for days about the lessons in the book I will first suggest that you read it for yourself, business owner or not it will ignite a spark that can’t be put out. If you have kids, let them read it too. Kiyosaki raises some great points about how it’s no longer important to go to college if you want to be successful; crazy, I know, but it’s true. What truly equals success is pursuing your dream, whatever it may be (that dream might include a degree), and gaining the financial literacy you need to make that dream pay off. Or use your financial literacy to create different business ventures to support the activities you really want to spend your time doing. It’s also emphasized in the book that money isn’t real. Money is just a concept. If you treat money like it has some sort of control over your life, then it will. Your money is an employee, not ticket out of a shit hole.
Like I said it certainly won’t be easy, but really all you’ll need to understand is the difference between an asset and a liability. Assets will make you money, liabilities will cost you money. As far as my own business model goes everything revolves around comedy; my cleaning service and future business ventures. The more cashflow I can gain through starting businesses that will eventually work for themselves (or that I can sell for a profit) the more freedom I have to pursue my passion for comedy. Plus comedy in itself is an investment; it is a great reason to travel and if I’m making money doing comedy then my travels will be tax write-offs. The message I’m trying to send is let’s work the system.
I will more than likely have a few bad ideas that will cost me money but that’s the risk you take when you want to be free from the rat race. Plus most of the time failure gives us something interesting to talk about, and being able to laugh about such things is why working for myself also works for my comedy. So I’m just going to end this with some shameless self-promotion; let me touch your toilet.