Money Conversation with Patrick

Patrick is an actor, and filmmaker who talks about his transition from being a 9-5er to a creative entrepreneur.

Money Conversation with Patrick

What do you do?

I am an actor, filmmaker, writer, and creative entrepreneur.

You are obviously an entrepreneur, but have you ever worked a 9-5?

Yes, I used to.

Did you like it?

No, I didn't. I'm not cut out to be working a 9-5. Back then, I worked in the media department and I found that the managers and chairman of my previous company were not innovative enough, which I didn't like. I prefer being an entrepreneur.

Okay. What's the most interesting part of your job?

There are a lot of things I like about my job. I like meeting new people, creating ideas and adapting them to film, and making new friends.

If you had to choose out of your many jobs, which one do you like the most that you wouldn’t even mind doing for free?

It's hard to choose but it will most likely be filmmaking and acting because I never get tired when I am doing those.

Do you think that you earn enough for your current lifestyle?

No I don't, mostly because of the Nigerian creative industry and how it is set up. I’m looking to pivot into the international industry soon.

Okay, how much do you think you should be earning?

At least 2-3 million dollars a year.

What is your money personality- there's the investor, the saver, spender, debtor, or the avoider?

I’m a saver.

How does this play out in the way you manage money?

As I have grown older, I've cut my expenses down drastically. Now I mostly only do essentials. I find comfort at home in my free time so I no longer stay out as much anymore.

Do you find that you spend time at home because of the nature of your job?

Well, because of the intensity of my work, when there’s an opportunity to be alone, I cherish that time.

What are the three things you spend money on the most monthly?

Data, transportation, and black tax.

So I've been doing these interviews for a while now and one recurring expense I've seen so far among Lagosians is transportation. I'm curious, is yours Uber or a personal car?

It’s Uber.

Between using an Uber and a personal car, which option do you think is more cost-efficient?

If you factor in fuel, and maintenance costs, a personal car might cost more, however, it's the more convenient option. I also don't move about as much anymore and my commute is usually within the same axis, so I don't really spend a crazy amount on transportation.

Let’s say you are trying to cut down on your expenses in a month, what's the first thing you are more willing to cut out?

Reduce the amount I spend on Data.

Hmmm, how much do you spend on data in a month?

See, I don't even bother to keep track anymore.

Generally, do you think you should be managing your money better?

Yes, I could be spending less on data.

Lol. Which app consumes your data the most?

Instagram and Youtube and this is because of the nature of my job.

What do you think will help you manage your money better?

Investing more, especially in forex. I have a friend who converts her salary to forex, I'd like to imbibe that type of habit.

What does money mean to you?

Money is a means to an end. At the end of the day, it's just paper dependent on the value that we attach to it. So it's just a means to an end.

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