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

Kate M. Colby's avatarKate 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, Iโ€™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 Iโ€™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 isโ€ฆ

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About The Owl Lady

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Viv Drewa is a Michigan native who has enjoyed reading and writing since 1963. Though she studied medicinal chemistry at the University of Michigan, her passion has always been writing. She had been awarded third place for her nonfiction short story about her grandfather's escape from Poland. Later, she rewrote this story and was published in the "Polish American Journal" as "From the Pages of Grandfather's Life" and has republished it on Amazon.com as a short story. Viv took creative and journalism courses to help in her transition to fulfill her dream of becoming a writer. She worked as an intern for Port Huron's 'The Times Herald", and also wrote, edited and did the layout or the Blue Water Multiple Sclerosis newsletter "Thumb Prints." She also has a business promoting authors. Owl and Pussycat Book Promotions. Viv, her husband Bob and their cat Princess, live in Port Huron, Michigan.

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