Unlocking Financial Success in the Film Industry
“You borrow money when you don’t need it, because when you need it, they won’t give it to you.” –Russell Hand
In this must-listen episode of the Inner Circle Podcast, Shane and Lydia Hurlbut dive deep into the financial realities of the film industry with accountant and business manager Russell Hand. Whether you’re a seasoned filmmaker or just starting out, this episode is packed with actionable financial wisdom to help you navigate the business side of your creative endeavors.
Russell shares his expertise on the importance of incorporating as an S Corp for freelancers earning over $150,000, and how to avoid common tax pitfalls. He also provides clarity on which expenses are deductible for filmmakers and how to document them properly. Understanding the nuances between LLCs, S Corps, and C Corps is demystified, empowering you to choose the right business structure.
Even if you’re living paycheck to paycheck, Russell offers practical tips on budgeting, saving, and investing for the future. He also sheds light on the various types of insurance needed in the film industry, and how to choose the right coverage for your needs.
Tune in now to gain actionable advice and real-world examples to help you make informed decisions and build a secure financial foundation for your creative career.
Subscribe to the Inner Circle Podcast for more valuable insights and interviews with industry experts. Share this episode with fellow filmmakers and creatives who want to take control of their financial future.
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About Shane Hurlbut, ASC
Shane Hurlbut, ASC is not only a director of photography, he’s an innovator who trailblazes new technology and finds creative ways to systematize it into the filmmaking process.
Hurlbut is one of the forefathers of the digital revolution and the first to turn affordable cameras into movie-making powerhouses! More recently, he reimagined pre-production with the Insta360 camera during the tech and location scout. Not only was it an essential tool during the pandemic, but it streamlines collaboration and saves the production money. This is an absolute MUST for directors of photography.
Schedule a 1-on-1 Coaching Session with Shane Hurlbut, ASC today!
More from Shane Hurlbut, ASC for cinematographers and do-it-all filmmakers:
- Cinematography: Virtual Location Scouting with the Insta360
- Cinematography: The EL Zone System Exposure Guide
- Shane’s Gear Bag
- Shane Hurlbut’s Go-To Lighting Package
- The Modern Cinematographer – On-Set Essentials
- Shane Hurlbut’s Kit
- Cinematography Mentorship – Shane Hurlbut, ASC
- Design Your INOVATIV Cart for Film Production
About Lydia Hurlbut
Lydia Hurlbut blends wellness expertise with a passion for filmmaking. Her background in nursing and life coaching informs her approach to empowering filmmakers to prioritize their health. As a Health & Wellness mentor, she equips students with practical tools for navigating the demanding industry, ensuring they can thrive both creatively and personally. Lydia’s unique perspective solidifies Filmmakers Academy as a source of holistic support for aspiring filmmakers.
Schedule a 1-on-1 Coaching Session with Lydia Hurlbut today!
More from Lydia Hurlbut and her Leadership & Wellness Initiative:
- 4 Self-Care Tips for Filmmaking Entrepreneurs
- Plan Your Filmmaking Lifestyle for Success with Lydia Hurlbut
- Healthy Habits for the Post-Production Edit Bay
- Mental Health in the Film Industry
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SPONSORED BY
This episode is proudly lit exclusively by Nanlux-Nanlite Lights and sponsored by B&H and Hollyland.
