At Artist Collective, we take in starry-eyed musicians with dreams of stardom and fame and we start the arduous process of demystifying while educating folks on the realities of the industry. One of the hardest topics to navigate without completely bumming folks out is FINANCIAL MANAGEMENT and BUDGETING.
I'm sure some of ya'll already went cross-eyed just reading those words in all caps, but bear with me, because I truly believe that grabbing your finances by the neck like Homer Simpson is going to be the turning point for your careers. It definitely was for mine, and now, in my best year of DIY music, I made about $88k. And if we're being honest, that's fucking amazing considering I didn't even get past Hollywood Week of American Idol XV!
So in this 4 Part Series, I'm going to teach ya'll some introductory lessons that I learned from co-hosting with Personal Finance Coach Tere Wang during our November 2020 Monthly Topic: Using A Budget To Build A Full-Time Music Career