I am continually amazed by the amount of talent we have in our world. Designers, creators, entrepreneurs, artists, developers … These are people who push the bounds of what is possible to create a product, service, or business that revolutionizes their respective fields. While these folks might be masters of their craft, the creative class can sometimes lack the financial know-how to be masters of their money.

Enter Philip Olson and Julia Lorenz-Olson. These two talented theater majors turned dynamic financial gurus developed a company called The Art of Finance that helps the creative class become more intelligent with their money. Philip and Julia help their clients to realize that being a starving artist is just no way to live. They advise their creative clients on areas like debt elimination, budgeting and investing so they can do what they love while earning the money they deserve.

This way, the starving artist starves no more …

What are we covering today?

On the show today, Julia Lorenz-Olson, Philp Olson and I discuss:

• How and why started their company together
• The financial issues facing the creative class
• Strategies for success in avoiding the “starving artist” trap

If you’re an artist, designer or an entrepreneur that’s looking to make money and “command your finances” (as Julia points it), then listen up. This financial savvy couple knows what it takes for you to succeed.

Show Resources

Art of Finance: Philip Olson and Julia Lorenz-Olson's business website

Art of Finance YouTube Page: Totally worth checking out their videos and subscribing gang … Informative and funny.

FREE Trial of YNAB:  It sounds like this budgeting program is a Mint-crusher. I'll be trying it out as well next month. I've heard great things!

Guest Bio: Philip Olson, CFP®

Hello! I’m Philip.  I have called Austin, Texas home since 1997. I attended the University of Texas in the Department of Theater & Dance where I met Julia while we worked backstage for a children’s dance show about a baby monkey. Eighteen months later, we were married.

I spent several years as a ‘starving artist’ – waiting tables, parking cars, and making lattes. Eventually I became a theater instructor, where I fell in love with teaching and coaching my students. I led hundreds of theater productions at  ZACH Theater, KidsActing,  and more.

Eventually, I left the professional artistic world when a recruiter for a financial services firm said “This industry needs more people like you – a people person”. I was inspired to make a difference in a notoriously un-caring industry and began to study for the Series 7 exam in 2011. I’ve been in love with financial planning ever since. In 2015 I went on to pass the Certified Financial Planner™ Board Exam (the most challenging certification in the entire industry), and I now wear the ‘CFP®’ marks with pride.

Guest Bio: Julia Lorenz-Olson

Julia is a Swiss/Texan who was practically raised on the stage. She ADORES getting to use those talents to empower and inspire others to take charge of their own financial destiny. Spending several years in the mortgage industry gave her number-crunching confidence and a unique insight into Real Estate and lending. She’s also a self-professed foodie, budget-wizard, yogi, a vintage-clothing collector, and has owned several of her own successful businesses. Her excitement for teaching people, especially other young women, about financial matters is matched only by her passion for costume dramas and reading sci-fi.

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Carpe Diem Quote

“Money, like emotions, is something you must control to keep your life on the right track.”

-Natasha Munson

How are you transforming from Starving Artist to Money Master?

Please let us know in the comments below.