Getting in the Money Mindset: A Basic Financial Plan for New Authors

Kate M. Colby

Getting in the Money Mindset

Back when I first discussed my goal of full-time authorship (and again when I reflected on my first full year as a published author), a few readers expressed interest in learning more about my plan to become a full-time author. In short, I’ve had to realize that, if I want writing to be my job, I have to think of it like a business. This mindset shift marked a huge evolution in my writing life, and I’ve done my best to outline my thinking process in the article that follows.

First, I want to make a few disclaimers:

1. I am not an accountant or financial adviser. All advice given should be taken (preferably to a professional) with a grain of salt.

2. This post is meant for authors who want to make a full-time career in independent publishing.

3. This post is written in first-person, because it is…

View original post 1,309 more words

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