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personal finance

All photographers need to know about wealth management and financial literacy

financial literacy for photographers

Apr 19, 2023 by Bill Cramer Add Comment
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Photographers think a lot about how to make money, but saving it (or wealth management) is a different matter altogether. It’s something that presents a unique challenge for many freelance photographers who don’t collect a regular paycheck or have employer-sponsored retirement plans. Saving can be even tougher when there’s always some new piece of equipment, software, or marketing program demanding your hard-earned cash. But saving is essential for anyone interested in owning a home, sending their kids to college, or retiring someday. We discuss the ins and outs of wealth management and financial literacy for photographers to help you set your financial goals.

Saving is something that I’ve been conscious of since I was a little kid watching Wall Street Week with my dad on Friday nights. I can remember learning that some people in the world had saved enough money that they didn’t need to work anymore. They had so much money that they could live off of just the interest and dividends from their investments. I remember thinking what a great idea that was and I was going to try to do it. Though I never made big money as a photographer, I’ve always been able to save. Even when I was shooting fifty-dollar assignments for the Associated Press.

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How I Wasted $10,000 Plus What I Learned and How It Applies to Business

How I Wasted Ten Thousand Dollars What I Learned And How It Applies To Business

Jan 26, 2017 by JP Danko
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You can’t learn anything in life unless you make mistakes. Some mistakes are obvious. Some mistakes are a lot more subtle.

In this article I will share a subtle mistake that cost me over ten grand (plus a few other ongoing mistakes that are costing me money right now) and what lessons can be learned and applied to running a photography business.

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Udi Tirosh: from diyphotography.netUdi Tirosh is an entrepreneur, photography inventor, journalist, educator, and writer based in Israel. With over 25 years of experience in the photo-video industry, Udi has built and sold several photography-related brands. Udi has a double degree in mass media communications and computer science.

Alex Baker: from diyphotography.netAlex Baker is a portrait and lifestyle driven photographer based in Valencia, Spain. She works on a range of projects from commercial to fine art and has had work featured in publications such as The Daily Mail, Conde Nast Traveller and El Mundo, and has exhibited work across Europe

David Williams: from diyphotography.netDave Williams is an accomplished travel photographer, writer, and best-selling author from the UK. He is also a photography educator and published Aurora expert. Dave has traveled extensively in recent years, capturing stunning images from around the world in a modified van. His work has been featured in various publications and he has worked with notable brands such as Skoda, EE, Boeing, Huawei, Microsoft, BMW, Conde Nast, Electronic Arts, Discovery, BBC, The Guardian, ESPN, NBC, and many others.

John Aldred: from diyphotography.netJohn Aldred is a photographer with over 20 years of experience in the portrait and commercial worlds. He is based in Scotland and has been an early adopter - and occasional beta tester - of almost every digital imaging technology in that time. As well as his creative visual work, John uses 3D printing, electronics and programming to create his own photography and filmmaking tools and consults for a number of brands across the industry.

Dunja Djudjic: from diyphotography.netDunja Djudjic is a multi-talented artist based in Novi Sad, Serbia. With 15 years of experience as a photographer, she specializes in capturing the beauty of nature, travel, and fine art. In addition to her photography, Dunja also expresses her creativity through writing, embroidery, and jewelry making.

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