Tag: Financial Planning
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How to Succeed with Financial Resolutions
If you want to succeed with your Financial New Year’s Resolutions, you need more than just a Goal. Focus on the actions required to accomplish your goal. If your goal is to have $1 million in your 401(k) at retirement, what action does that require? At an 8% return, that works out to $1,100 a…
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Your Goals for 2019
Welcome to 2019! A new year brings a fresh chance to accomplish your goals. No one becomes a musician for the paycheck, but at the end of the day, musicians have the same financial goals as most people: to become a home owner, pay off your student loans, get married, raise a family, plan for…
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7 Financial Tips for Professional Musicians
Just like a career in music, achieving prosperity is the product of years of planning, deliberate work, and making sound choices. Being a professional musician is different from other traditional careers and can pose a unique set of financial challenges. Here are seven ways professional musicians can improve their financial future: Think like an entrepreneur.…
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12 Tips to Prepare for an Orchestra Lockout
If you’re a musician in an orchestra, a lockout may be among your worst fears. In 2012, the Minnesota Orchestra musicians were without pay for a devastating 15 months. Only after accepting a 15% pay cut did the orchestra return to work. Today, musicians in the Fort Worth Symphony are facing a stalemate in which…
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Introducing Finance For Musicians!
No one becomes a professional musician for the money. It’s a labor of love. But we all have responsibilities: mortgages to pay, families to feed, and important goals like financial security and retirement. I’m a trombonist who has been a Financial Planner since 2004. Over that time, I’ve worked with hundreds of families, including quite…
