Financial literacy for musicians.

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Ep. 78: Bassist navigates the modern music industry

Listen on: Apple – Spotify – Soundcloud

Mat Maxwell is an American musician with almost two decades of studio and touring experience, specializing in the electric bass. He has played this instrument with some of music’s biggest names, performing all over the world. Mat is also the author of “Hired Musician: A Guide to Getting and Keeping Gigs,” a book offering insights on navigating the modern music industry. Beyond his touring and session work, Mat also enjoys teaching lessons and hosting clinics… a good cigar and tasty beverages.

The music industry guide to making sound financial decisions

Money trees is the perfect place for shade.

Kendrick Lamar

Listen on: Apple – Spotify – Soundcloud

A sustainable music business requires a stable personal financial plan.

This guide will review how to make sound financial decisions including:

  • Cash flow
  • Insurance
  • Taxes
  • Investing
  • Retirement
  • Estate planning

Ep. 55: Sync licensing producer reaps the benefits of delayed gratification

Listen on: Apple – Spotify – Soundcloud

Jesse Josefsson is a 15-year TV/Film music producer that has secured over 7,500 TV/Film placements including shows such as American Idol, Keeping Up With The Kardashians, Succession and networks such as NBC, CBS, MLBN, MTV & Fox Sports.

He has composed roughly 1,000 tracks that have been distributed through various Production Libraries including Megatrax, 5 Alarm Music & Position Music. His commercial placements include national campaigns w/ Nike, Ford, Jack in the Box & Outback Steakhouse.

Jesse created ‘Sync My Music’ in 2016 to help other producers and composers follow in his footsteps and create significant income and exposure through the TV/Film Sync Licensing industry.

Married musicians talk about money

Ep. 50: Married musicians talk about money

Listen on: iTunes – Spotify – Soundcloud

Jordan Coffing is a singer songwriter, amazing dog mom and we are married!

In this episode we talk about our personal money stories, combining our finances and how we communicate about money in our marriage.

How to measure your cash flow as a professional musician

Cash rules everything around me.

wu tang clan

Listen on: iTunes – Spotify – Soundcloud

After calculating your net worth with a balance sheet the next step to understanding your financial wellness is measuring your cash flow using an income statement.

This spreadsheet will map out all of your expected income and expenses throughout the year to identify shortfalls or excess cash flow.

How to calculate net cash flow

Net cash flow is what remains after your savings, debt payments, insurance premiums, living expenses and tax obligations.

Inflows – outflows = net cash flow

What you do with extra money is up to you!

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