How Lin-Manuel Miranda Does Money

A new interview with Morgan Stanley tells all.

I just want to drop a link to this interview and say “READ IT,” but I’ll quote the first question and answer so you get an idea of what to expect:

Lin-Manuel Miranda: The Power of Financial Knowledge

With the incredible success of Hamilton, what has your journey as a writer, actor and artist taught you about the importance of financial literacy?

This experience taught me first-hand how important it is to educate yourself about the basic principles of financial planning. When you are focused on doing what you love, it can be easy to brush aside the need to understand the monetary implications of upcoming milestones. However, regardless of who you are and what you are most passionate about, everyone should master the fundamentals in order to find and fulfill your own greater purpose. For me, that means dedicating the resources I have available to me — whether it is time, effort, money, or relationships — to important organizations, causes, and passion projects.

In other words: Lin-Manuel Miranda is perfect at money, too.

But I like this answer because it acknowledges that money, milestones, and resources are all linked. You have to dedicate your resources—“time, effort, money, or relationships”—to what’s important to you. As you dedicate those resources towards what and whom you value, you might approach certain milestones that come with financial implications. (A wedding. A promotion. A Broadway show.)

And yes, these resources are finite, and yes, milestones cost. So it’s important to think about all of this in advance, and to learn how to manage both your finances and your resources, if you have the time and effort to do so.

Read the whole thing. It’s so good.

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