Money Talk: Sara Fujimura on the Importance of Talking About Money

Sara Fujimura, author of Faking Reality and Every Reason We Shouldn’t, discusses the challenges and successes she’s faced with finances as she navigated her writing career. 

By

Sara Fujimura, Interviewed by
July 15, 2021

https://12weekyear.com/)  to help me cull the ideas and decide where to put my focus each “year.” That way, I don’t have a big freak out every December. The system helps me go deeper on fewer things, and that’s how progress realistically happens.

  • I use Todoist (https://todoist.com/) to park all the tasks. Granted there are days when I have 25 things on my list, but at least I know they are all captured somewhere, even if it isn’t that project’s “year” yet.
  • I take my sometimes (okay, often) unrealistic To-Do list and pull a few of the highest-value tasks into a much more manageable list in my bullet journal. There are utilitarian bullet journals and ones that are mini art masterpieces. Mine is somewhere in between. My bujo contains To-Do lists done in colored pens in nice handwriting and decorated with washi tape. I will not be taking questions on the amount of washi tape I own. *cough*
  • MG: What do you like to spend money on that some people might consider a splurge or luxury?

    Travel. I would rather live a modest retirement with thousands of stories to reminisce about than retire with a billion dollars after working non-stop until retirement age. Though I would be okay with having a billion dollars *and* going on multiple vacations around the globe each year. Netflix, call me!

    Also, cute washi tape. Moving on.

    SF: What’s the best thing you’ve bought in the last few months?

    Renting an Air B&B up in Sedona for a long weekend with my husband and two grown kids. Being outside and hiking around the gorgeous red rocks recharged my spirit more than any expensive purse or shoes could have.

    MG: What’s the biggest money mistake you’ve ever made?

    Early in my writing career, I didn’t always write with a contract. I got burned so many times. Yes, it was for only a few hundred dollars each time, but the bigger issue was that I didn’t feel confident enough to insist on a contract.

    SF: Tell me a financial rule that you never break.

    Errr…how about I tell you the rule that has continued to plague me? It is the same problem as the previous answer, only in a different form: Undervaluing my work and giving away too much of my time, energy, and expertise. Yes, I want to be generous and helpful to others, but when a male counterpart is paid more than you for the same work (or worse, subpar work but done with chutzpah), you need to reevaluate your fee schedule. I get on my female friends regularly about undercharging for their products/services. I have lost count of the number of times I have overtipped or refused a discount because a businesswoman was undervaluing herself. This is where having a community is paramount.

    You need to know what the going rate is in your area. If you have a mastermind group with other women in your field, then I challenge your group to set an agreed-upon amount so that your price becomes the area’s norm, not the exception.

    My author mastermind group recently had a frank discussion about school visit fees, where I realized that my rates were way too low. Talking about money always feels squidgy, but we need to do it!