Jonathan Torrens is a successful actor, writer, producer, and entrepreneur. Since his early days on the children’s consumer awareness show
Street Cents, Jonathan has been learning all about money.
In this episode, Richard and Jonathan discuss the financial challenges of a freelance career, the importance of entrepreneurship for actors, and the often overlooked business aspects of the entertainment industry. Jonathan shares insights into contract negotiations, managing finances without a consistent paycheck, and the importance of diversification. He also touches on the value of financial literacy, and the changing landscape of social media influence.
Key Takeaways:- The Reality of Being an Actor. Jonathan discusses the challenge of identifying solely as an "actor" and how many actors have to diversify to make a living.
- Financial Challenges and Contract Negotiations. There’s a big issue with the financial instability of an acting career, with unpredictable income and long gaps between gigs. Jonathan discusses his approach to negotiating contracts directly, he also explains how in the Canadian market, it is often more financially viable to negotiate his own contracts.
- Financial Literacy and Social Media Influence. Jonathan reflects on his experience on Street Cents and the importance of financial education. He also touches on the change of what is important to younger generations, from trying to keep up with the Joneses, to trying to keep up with the Kardashians.
Street Cents is back, teaching the next generation how to be money- and consumer-savvy!
Subscribe to Generations of Wealth and Contact Richard at
rlandzaat@summafinancial.ca or
richard@portaviamgt.comGenerations of Wealth is produced by Story Studio Network.
