Personal Finance for Musicians

Young musicians often need help with personal finance, such as budgeting, carrying debt, and using investment apps. Personal Finance for Musicians is a book written by a 30-year expert in the music business and a 30-year specialist in the investment industry that provides a brief overview of everything musicians should have learned in school but didn't. It covers topics such as developing the right mind-set, paying off debt, budgeting and saving, building credit, dealing with banks, paying taxes, insuring assets, understanding investments, examining music revenue streams, learning the lingo, seeking financial help, and avoiding financial noise.

Format: Paperback / softback
Length: 262 pages
Publication date: 28 February 2023
Publisher: Rowman & Littlefield

Many young musicians lack knowledge in personal finance, struggling with budgeting their limited earnings from part-time jobs, carrying debt from credit card purchases of studio equipment they cannot afford, and being enticed by the latest investment apps that encourage them to invest their grandmother's birthday card money in investments they may not fully understand. Furthermore, when a rare musician achieves financial and career success, they often engage in a reckless spending spree, only to find themselves bankrupt ten years later. It is crucial to avoid such a fate, which is why a comprehensive and easily readable book specifically designed for musicians about personal finance is essential for understanding and success. Authored by a 30-year expert in the music business and a 30-year specialist in the investment industry, Personal Finance for Musicians offers a concise overview of the financial knowledge that should have been taught in school but was missed. The book covers topics such as cultivating the right mindset, managing debt, budgeting and saving, building credit, dealing with banks, paying taxes, insuring assets, understanding investments, analyzing music revenue streams, acquiring financial literacy, seeking financial assistance, avoiding financial noise, and more. This book serves as an excellent introduction for musicians with limited or no knowledge of personal finance, providing a solid foundation to improve financial health and motivate further learning without overwhelming or boring readers.

Weight: 414g
Dimension: 228 x 153 x 18 (mm)
ISBN-13: 9781538163306