Are You Writing or Are You Creating Assets?

Are you merely writing, or are you creating assets? To be honest, I never really thought about it, which may explain why financially it has been a struggle writing full time these past five months. I did what I’ve always done, I wrote, and rewrote, and occasionally I blogged. I also sent out my work to various editors, publishers and agents. The usual stuff.

Then while trying to turn myself into a savvy investor—it all starts with self-education—I picked up Robert Kyosaki’s Guide to Investing and while discussing assets, he said, “…there are many ways you can create assets inside an asset column without buying them. Inventors do it by inventing something of great value. Artists paint paintings that are priceless. Authors write books that pay them royalties for years…”

Assets. Never looked at it this way. I'm not just writing, I'm creating assets that I can sell! Creating something from nothing, just like the ancient alchemists were trying to do by searching for that magic formula of turning lead into gold. Today writers have the power to turn nothing but their ideas into not only assets, but a living, a fortune, or even a commercial empire. Just ask J.K. Rowling. It all began with an idea, about boy named Harry, and then following through with that idea, that creative vision, book after book, movie after movie, merchandizing deal after merchandizing deal. Amazing!

As a writer, you can turn your ideas into blogs, into articles, into short stories, into books (hard cover and ebooks), into plays and screenplays. These are all assets. Blogs can be turned into a series of articles or compiled into a book – it’s been done by plenty of other people. Articles and short stories can be sold and published; their rights can be sold again and again to non-competing markets, or they can be adapted or expanded into other articles or longer pieces, even books. Books can sell for years, and they, like plays and screenplays, can also be turned into movies, TV series, and musicals. It all begins with an idea.

As a writer, it’s nice to know that you don’t need money to create assets. You do need money to live on, to support yourself, but what you truly need is the time to write. Talent helps, too. But time, as I’ve discovered in the past five months, is not enough. You need the discipline to get to your computer and stay there (and not let yourself become sidetracked by everything that the Internet represents—the world at your disposal with a click of your mouse and your time taken away from you forever).

You also need the wisdom to write effectively, the focus to stay with a project to see it through to completion, and the perseverance (and the self-confidence) to sell what you write, and not be discouraged by the inevitable rejections. Play the salesman, and keep knocking on those doors!

Of course, not all assets created by you are equal, and time is mutually exclusive -- you can't do everything at the same time! So don’t spend all of your writing time on blogs if what you really want to write are novels and screenplays. Find the balance in your writing life, and choose the assets that you wish to create carefully, so at the end of the day, end of the week, end of the month, end of the year, end of your writing days, you can look back on all the assets that you created and feel a sense of accomplishment. Hopefully you’ll have plenty of money to invest for your family, too.

So what new assets, other than a few blogs, have you created lately? I’m asking myself that very question as I post this blog. What have I gained, what have I lost? More importantly, how can I turn this and other blogs into a bigger, better asset? Last night I overhauled my previous blog "Validation from Readers", reslanted it, and submitted it as an article to a paying market. If you ask yourself the right questions, answers will start to follow. Then all you need is the discipline to follow through...Good luck!

As an update, the short stories that I wrote over twenty years ago and published as Lovers and Strangers (Heinemann Asia 1993) and Lovers and Strangers Revisited (MPH 2005) have been published 80 times in 12 countries, and now the collection is being translated into French.
                            -Robert Raymer, Borneo Expat Writer

Here are links to some of my author-to-author interviews of first novelists:

Ivy Ngeow author of Cry of the Flying Rhino, winner of the 2016 Proverse Prize.

Golda Mowe author of Iban Dream and Iban Journey.

Preeta Samarasan author of Evening is the Whole Day. 

Chuah Guat Eng,  author of Echoes of Silence and Days of Change. 

Plus:

Five part Maugham and Me series

Beheaded on Road to Nationhood: Sarawak Reclaimed—Part I 

The Art of Finishing: Write for Yourself First

I just finished the first draft of a new screenplay, about 130 pages long. It’s always nice when you finish something. Finish, by the way, is a relative term. For writers, the key word/s is first draft. Until that first draft is completed what you have is an uncompleted piece of work. Once that first draft is done, now you can really get down to work because you have some­thing to work on. Then draft after draft of rewriting, revising, rearranging you can take your story closer to finishing a final draft.

Chances are, though, this will merely be the first final draft. Later, after the newness has worn off, after there’s been a cooling off period, after it failed to create the huge impact on the world as you had hoped, you’ll take another look at it. Hopefully, you’ve got some feedback along the way, so now you can see it with fresh eyes and start rewriting, revising, rearranging. You may add more stuff, delete some stuff, change the title, change some character’s names or make it clearer what drives them, perhaps by adding some back story or adding a new scene to dramatize some action that solidifies their character. You may rewrite the beginning a dozen more times, or the ending, too, while you’re add it, to create the desired effect.

Of course this all comes later, but first you must actually finish that first draft! Whether it’s an article, short story, screenplay, novel makes no difference. Finishing is finishing.

How do you finish anything? It’s a lot like, how do you save money? Pay yourself first –that’s what I always hear and it seems to be working! Before you spend any money or pay any bills, put part of your income (starting small if necessary) into the bank or into some safe investment. You do this automatically. To make sure it actually gets done, have it automatically deducted from your paycheck!

Unfortunately, when it comes to writing, you can’t automatically write your novel, but you can use the same principle, write for yourself first. Instead of writing for everyone else, which includes replying emails, blog comments, and checking out everyone else’s blogs and adding your own replies, and then cruising the Internet to see what everyone else on the planet is doing, you commit your time – maybe your first one or two hours to what you want to write (and want to finish).

Once you get that first hour in under your belt, you may want to keep on writing. Momentum is everything! And that’s great! Use it! If you need a quick break, or really do need to catch up on your emails and blog comments, then by all means do that, but please make it quick, or the four hours you had planned to write that Sunday afternoon will quickly evaporate.

Like saving money, writing comes down to discipline, but if you make a commitment to yourself, to the writer you wish to become, to the author of the books you wish to write, and if you stick to your plan (and don’t take a quick peek at your email before that first hour or two of writing is done) you may actually get something written.

Because if you do take a quick peek at your inbox (all of them!), you may think, I can clear a few of these in a couple of minutes (and while you’re at it a few more, and few more – a few minutes add up to a few hours, by the way) or you just may stumble upon an interesting, ongoing saga/problem/miscommunication from a dear (or even a long lost) friend. In comparison, even when sorting out a potential email headache, this may seem a lot more interesting than staring at that blank screen to write what you really want to write but lack in discipline to start, let along seeing it through until that first draft gets completed.

I’ve been there, done that, in both squandering precious writing time (I only had two hours to write and it all went to email - which prompted this blog!) or the other extreme of ignoring emails until they balloon to 200. Yeah, I feel really guilty about taking weeks to reply friends, but feel really good because I’ve taken a back burner project from a year ago (my screenplay idea), to seeing it completed, even if it’s merely a first draft. Feels great!

First drafts, no matter how crappy they really are, are, in fact, great! Finally, you got it done! You took it that far, too, and by applying the same discipline of writing for yourself first each day (or each writing opportunity), you’ll soon have a second draft, a third draft. Then it’ll be ready to be sent out into the world. Sure it may come right back, but that’s writing, and as a writer you keep at it until you do get it right and that’s how articles, short stories, screenplays, and books get written and published.

So always write for yourself first! While you’re at it, save some of money, too. You may need it to celebrate that breakthrough sale that sets you on your way to publishing success. Good luck.

Here are links to some of my author-to-author interviews of first novelists:

Ivy Ngeow author of Cry of the Flying Rhino, winner of the 2016 Proverse Prize.

Golda Mowe author of Iban Dream and Iban Journey.

Preeta Samarasan author of Evening is the Whole Day. 

Chuah Guat Eng,  author of Echoes of Silence and Days of Change. 

Plus:

Five part Maugham and Me series

Beheaded on Road to Nationhood: Sarawak Reclaimed—Part I