The Crisis
people just don't seem to spend so much money on music (concerts, private parties, etc.) when the budget gets tight.
anyway i hope we will not loose to many gigs because of this.
but in one way or another it is probably going to cost the average man a lot of money.(tax raise etc.)
There are 3 comments, leave a comment.
i have placed all my eggs into the teaching basket, and have only recently begun to feel a steady decline in enrollment. however i still get calls to play gigs, so if i decide to return to the balance of teaching and playing, i might be okay. (if i can stand it:)
the main problem musicians face is money management. it's easy to make a huge amount on a project or two and then be mislead into thinking we have achieved a new income level. we need to consider our annual incomes and track trends in fluctuations. for example, i used to make 25% of my annual income in december and maybe less than 1% in january. what is interesting though is that i usually earned a consistent annual income.
when you can better guestimate what you're annual earnings are, you must than make a commitment to saving. how much you save is much more important than how much you make. (much easier said than done)
now that i'm dealing with a drop in enrollment, i have a few beans put away help me through it. what happens if and when i run out of beans is anyone's guess. i'm thinking of robbing a bank. if the bank actually has money, i'll either get to keep it, or i'll be sent to jail where all my financial needs will be met - room, board, food. healthcare, etc
let's just enjoy the ride:)
sid
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