Members bdemon Posted July 25, 2008 Members Share Posted July 25, 2008 I posted some personal finance for musician thoughts on my blog, http://keithmoore1.wordpress.com/2008/07/18/guitarists-guide-to-getting-rich/ Just musing on my experiences doing the music thing, influenced by reading too many personal finance books. Maybe you'll find something useful or maybe you'll think I need to spend more time practicing...which would be true. Link to comment Share on other sites More sharing options...
Members Will Chen Posted July 28, 2008 Members Share Posted July 28, 2008 Hey, just wanted to mention how good that article was. I share pretty much the same views as you. Link to comment Share on other sites More sharing options...
Members Screaming Stone Posted July 29, 2008 Members Share Posted July 29, 2008 Nice read - I agree with what you say about being fiscally responsible ... however, I did read it in a coffee shop having a $3 cafe au lait (albeit, it is in Santa Barbara near the beach and has wi-fi...) Link to comment Share on other sites More sharing options...
Members gtrnut Posted July 29, 2008 Members Share Posted July 29, 2008 very good read... I would like to pursue a career in the music industry. I'm glad that this forum has a music biz section, its the only forum I've ever seen that has it. Good thoughts in the article, thanks for posting! Link to comment Share on other sites More sharing options...
Members bdemon Posted July 29, 2008 Author Members Share Posted July 29, 2008 Far out...people actually read it! Cool, thanks. And hey, sometimes you need to enjoy a $5 latte. Link to comment Share on other sites More sharing options...
Members danosongs Posted July 31, 2008 Members Share Posted July 31, 2008 Great article, so important for creative types to know that no matter how much money you make - 10K, 100K or up a year - you must have a plan for saving as much of it as you can in investments that grow tax free compunding through stocks and in real estate. Any successful creative type who stays rich does this. You should automate Roth 401K payments so that it just gets put away automatically. Its not at all just for retirement. You can take out of a Roth IRA with no penalty for your first house or for you or your kids education. It also serves as a worst case emergency if your car breaks down and you have no were to turn. Sure you will pay the penalty but its better than going into debt! Link to comment Share on other sites More sharing options...
Members rockerdiva Posted July 31, 2008 Members Share Posted July 31, 2008 Great article. It is what we do. We save and invest what we can, and I take every little thing I possibly can off my taxes. Of course it helps that in our case my husband has a "real" job - but it would be even more important advice if I were the main breadwinner, or if I were single. Link to comment Share on other sites More sharing options...
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