Once I got a call about performing at a winery for a local event. During the booking they mentioned that they couldn’t pay me monetarily, but they could pay me in wine. I love wine, so I think, “OK, I’ll be getting at least a case”.
Money
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First and biggest mistake of all songwriters/bands is going into the studio without a producer. You will need to have enough songs to pick from, I say 30 per record.
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Insurance is a guarantee against loss or harm and secures compensation in the case of loss, damage, or death. Having insurance of any kind covers the what-ifs in life, offers peace-of-mind, and you just have to have it.
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It’s not always how good you are, it’s about who you know, how many people you bring and how many people you will bring in the future.
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Most successful songwriters I know have some degree of natural talent, but in my experience, the ones who really shine have invested a fair amount into their musical education.
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If you’re like me, part of being a musician means I’m not the best at math (I know that doesn’t hold true for all you math rockers out there!). The first year I quit my job, and when out on my own freelancing was terrifying. Making ends meet, budgeting, paying the bill. It adds up to quite a bit of calculation.