Money Maestro

Financial literacy for musicians.

Category: Investing Page 2 of 4

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

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On January 8, 2024

In Financial Literacy, Investing, Music Business, Podcast, Saving, Spending

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.

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Ep. 53: Financial planner helps creatives realize their artistic dreams

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On December 18, 2023

In Cash Flow, Estate Planning, Insurance, Investing, Podcast, Retirement, Taxes

Listen on: Apple – Spotify – Soundcloud

Lindy Venustus is a CERTIFIED FINANCIAL PLANNER™ helping creatives with financial planning. She founded Create Financial Planning in 2020. She is a fiduciary fee-only trusted advisor that you can come to for honest advice, and not worry about commission sales.

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Artistic freedom: The best retirement accounts for musicians

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On October 19, 2023

In Investing, Podcast, Retirement, Saving, Taxes

I never had the sense that there was an end: that there was a retirement or that there was a jackpot.

Leonard Cohen

Listen on: iTunes – Spotify – Soundcloud

Retirement is a strange word for musicians.

Financial freedom – working because you want to, not because you have to – doesn’t work either. Most musicians want to “work” as long as possible.

So what future state are musicians saving towards?

Artistic freedom

Complete control of your creative endeavors.

Imagine making art free of financial, contractual, or commercial obligations.

Does that sound like a way of life worth saving for?

These are the accounts (in no particular order) best suited to achieve artistic freedom as a self-employed musician.

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The musician’s guide to managing sudden wealth

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On April 2, 2023

In Cash Flow, Debt, Investing, Music Business, Retirement, Saving, Spending, Taxes

The windfall of great riches can, if mismanaged, make things worse, not better, for the recipients.

Michael Mandelbaum

Listen on: iTunes – Spotify – Soundcloud

You spent an entire life and career working towards your musical goals and living a certain lifestyle. Then, in a blink of an eye, you experience a financial windfall. The possibilities are endless.

Feelings start to arise.
Joy, pride, guilt, grief, fear, overwhelm, etc.
Perhaps all at once?

Now comes the most difficult part. The decision…

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Maximizing your 15 minutes of fame: How to secure your long-term financial future

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On February 2, 2023

In Debt, Estate Planning, Insurance, Investing, Music Business, Retirement, Saving

“In the future, everyone will be world-famous for 15 minutes.”

Andy warhol

In today’s entertainment industry, the fame game has become more fast-paced and unpredictable than ever. With the rise of social media platforms and the growing popularity of reality TV shows, it’s easier than ever for artists to experience a sudden surge in popularity. However, while this sudden fame can bring a rush of excitement, it’s also important to recognize that it’s not always a permanent thing. Most “one-hit wonders” eventually fade into obscurity, leaving many artists scrambling to make sense of what to do next.

So, how can you make the most of your 15 minutes of fame and ensure your long-term financial future? Here are some tips to consider that will help you maximize your moment in the spotlight and secure your financial well-being for years to come.

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