Financial advice for musicians, singers, actors, entrepreneurs….anyone with a dream
In this section we’re going to talk about:
What you do
Why you do it
Who you do it for
Why you’ll be successful doing it
Get out your list of goals and situational analysis because you’re gonna be using them for reference. Lets start with a brief summary of who you are and what you do. An example might read:
“John […]
Yeah yeah, cliche, the artist waiting tables.
Your parents probably used it as a put-down saying “if you keep doing your music then you’re going to end up waiting tables!” But is it really so bad? How much can they make? What are the pros and cons? This is part of a continuing series on ways to make […]
Okay so this post is just for fun…
But SERIOUS fun!
Did you know that high school is the EASIEST time to become a millionaire? You probably think I’m nuts and about to sell you some “system” that will let you in on the BIG SECRET, but no! No secret here, just good old fashioned sense, basic math, […]
“If you’re going to be a performer, have a back-up profession, something secure, like welding”
-Robin Williams
Ah the advice of well-intentioned family and friends! They just don’t get it! You tell them about your dream, hoping for some excitement or understanding, and all they can think to ask is, “How are you going to make a living […]
Before reading, make sure you’ve read and understand:
Credit 101
and
Establishing Credit
People sure do manage to screw themselves with credit and debt, don’t they? Most mainstream financial gurus decry debt outright and their methods target debt elimination as a primary objective.
Is having NO debt preferable? YES! But if most of us were asked to chose between being […]
Lots people finish school with $100,000 in student loans….
…They’re called Lawyers.
Sadly they’re also called musicians. If I had a nickel for every singer or instrumentalist who’s whined to me about paying back their student loans, I could…well…pay back MY student loans.
We musicians don’t have a monopoly on student debt issues — lots of young people are […]
You know where you want to go, but before we can figure out how to get there, you need to take a long, hard look at where you are right now. This can be especially hard for musicians and artists as we are prone to living in wishes and daydreams, finding our current reality somewhat […]
Before we jump into writing the actual plan itself, we have to know exactly where we want to go. It’s time to sit down with pen and paper and do some personal business analysis. Remember that all of this is subject to future revision and is intended mainly for your own personal use. You may write down a goal here that […]
Bad credit sucks. Bigtime. Bad credit makes you pay more for stuff, or maybe not even get that stuff at all! If you’re one of the millions of people who’ve run their credit into the ground, now is the time to take stock of your situation and find a way out. It’s not easy and […]
If you were to start a brick-and-mortar business and needed to acquire funding, every potential lender or investor would want to see your written business plan. These conform to a pretty similar structure, though some vary with differing types of business. As artists, ours will vary considerably while adhering to the same concepts.
Your typical business […]
