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

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In 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 Creatorpreneurship

Find Anna on her website here!