Money Maestro

Financial literacy for musicians.

Category: Retirement Page 3 of 5

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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Ep. 43: Classical musician & financial planner teaches musicians finance

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On April 19, 2020

In Podcast, Retirement, Saving, Taxes

Listen to Episode 43: iTunes – Spotify – Soundcloud

Scott Stratton is the founder and President of Good Life Wealth Management LLC, a Registered Investment Advisor in Addison, Texas. Scott began his financial planning career in 2004 after having been a faculty member at Texas Christian University and the State University of New York. Since that time, he has helped dozens of families create financial plans, and has managed over $400 million in investments. Scott takes pride in being a fiduciary and holds the CERTIFIED FINANCIAL PLANNER™ certification and Chartered Financial Analyst designation.

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Ep. 40: Nashville financial planner helps musicians thrive

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On January 29, 2020

In Debt, Estate Planning, Insurance, Podcast, Retirement, Saving

Listen to Episode 40: iTunes – Spotify – Stitcher – Soundcloud

Financial advisor and radio host David Adams is a CERTIFIED FINANCIAL PLANNER™ professional and CPA in Nashville, Tennessee. As President of David Adams Wealth Group, LLC, an Independent practice offering securities through Raymond James Financial Services, Inc., David is dedicated to helping his clients live well and retire, too. For more than 15 years, David has been committed to the financial well- being of his clients, and now more than ever, David is dedicated to changing an industry he feels is broken. His passion for the business centers around helping people restore vital balance and financial strength through life’s many transitions- selling a business, loss of a loved one, marriage, divorce, retirement, etc.

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Ep. 37: Music educator talks retirement, band directing and 50k marathons

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On September 18, 2019

In Investing, Podcast, Retirement, Saving

Listen to Episode 37: iTunes – Spotify – Stitcher – Soundcloud

Dr. Brian N. Perez is a saxophone and woodwind performer, educator, and composer. Dr. Perez is Director of Jazz Studies and woodwinds at Texas Southern University where his duties include directing the jazz ensembles, teaching jazz curriculum courses, teaching the woodwind studio and coordinating the jazz area. Under Perez’s direction the TSU Jazz Ensembles have performed for the Jazz Education Network National Conference with Kirk Whalum, the Texas Music Educators Association Conference, the HBCU Band Directors Consortium, The Houston Urban League, has hosted the Essentially Ellington Regional Competition and is currently working on releasing an album this year.

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