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Emotions & Finances
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🎙️ Episode 4: Facing Financial Realities & Unlocking Your Potential
So you want to make a living in the music industry, but have you ever taken a deep dive into your finances? In this transformative episode, we get real about money, gigs, and career growth in the music world. We analyze an actual artist's income, talk about taking gigs you might not want, and explore the mindset needed to elevate your career.
👉 What's Inside:
The importance of planning your income around peak and off-peak seasons.
The reality of gig income and what it really takes to make a living from music.
The psychology of refusing gigs and how that plays into your financial and career growth.
A deep-dive into real numbers and projections for a year in the life of a working musician.
The struggle between desiring fame and dealing with the responsibilities it brings.
The honest conversations you should have with your partner if you're planning to go on tour.
Key Takeaways:
Learn to plan for the off-season and how to secure your income during less busy periods.
Understand why you might be refusing gigs and how it can affect your career in the long term.
Get inspired to think about your career path, not just as a performer but as a complete artist.
Realize the importance of setting financial and career goals and actually working toward them.
Explore the emotional and mental preparation needed for a life in the music industry.
Kevin McCove, a full-time musician and mentor in the industry, takes us through the granular details of managing finances as a working artist. He brings his years of experience to the table, sharing invaluable insights on balancing passion and practicality in the quest for financial independence.
🎧 Listen & Learn:
Spotify | Apple Podcasts | Google Podcasts
Useful Links:
Artist Development Accelerator Course
Free Resources for Musicians
💡 Thought of the Day:
"Facing your financial realities is the first step towards unlocking your true potential."
Don't forget to subscribe, share, and comment! Your feedback helps us bring you the topics you want to hear about!
This episode is loaded with hard truths and practical advice. If you're an artist aiming for growth, both financially and as a professional, this is an episode you can't afford to miss.
------- Contents of this episode ----------
0:00 - Music career goals and finding joy in singing.
4:18 - Ageism in the music industry.
8:09 - Music career goals and target income.
11:51 - Music industry income and expenses.
16:57 - Musician's financial goals and budgeting.
51 episodes
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