Be A Wealthy Musician

Learn to Build a Budget and Forecast Future Music Earnings

What you'll learn

An understanding of music business revenue streams and how to budget accordingly.

Budgeting and expense management to set yourself up for a long-term career in the music industry.

Financial Planning

Learn to Create Career Sustainability and Financial Security with Musicians Tip Jars' Financial Scale

Requirements

No experience needed to learn how to manage your money.

Description

This is a comprehensive guide for musicians to achieve financial health and stability. It addresses the unique challenges faced by artists with irregular incomes and the necessity of financial planning in their careers. The course covers budgeting, understanding money flow, creating forecasts, and the practical application of these skills. It is designed for various music professionals, aiming to equip them with the knowledge and tools for sound financial decisions, understanding the economic aspects of the music industry, and creating a stable financial future.Musicians Tip Jar is a resource to help artists create strong financial foundations around their talents to ensure long-lasting, successful careers. It was founded with the mission to be a single resource in this effort. Musicians Tip Jar is also the name of a music business podcast hosted by music industry veterans Chris Webb, and Dave Tamkin. On the show, they interview experts in the music industry and discuss the process of earning an income as a musicianCHRIS WEBBWith over 26 years of music business experience, Chris creates music for moments and messages. He averages over 200 shows per year and is always in demand for special events and projects. Some of his accomplishments include releasing 6 albums of original material (including a record label release), composing and recording the fight song for Elgin College, composing the anthem for the Colorado Department of Public Health, making commercial placements, and touring the country, playing from city to city.Chris earned a music degree from the University of Colorado and is now on the faculty at the University of Colorado Denver. He has played with many talented musicians, from Sister Hazel to Loudon Wainwright, and to sold-out crowds at the Hard Rock Chicago to the Boulder Theater. Recently, he has begun selling his music for television and film placements.DAVE TAMKINDave combines his collaborative management style with an energetic focus on networking and developing strategic partnerships. In 2009, Dave was instrumental in founding an online marketing agency, helping marketers and advertisers gain access to cleaner online traffic and enhanced lead funnel management. Dave has played a substantial role in establishing a profitable and recognizable online brand strategy for numerous clients across the globe.In addition to his online marketing skills, Dave acquired more than twenty years of music industry experience, including networking, branding, and promotions, through touring nationally as a singer/songwriter. Dave earned a business marketing degree from DePaul University with a focus on classical guitar and contract law. This experience fueled his passion to help musicians monetize their craft.

Overview

Section 1: Be a Wealthy Musician Introduction

Lecture 1 Introduction Video

Lecture 2 Course Contents

Lecture 3 Who is Chris Webb?

Lecture 4 Who is Dave Tamkin?

Section 2: Module 1: Mastering Your Budget

Lecture 5 LESSON 1 : Why Budgeting Matters for Musicians

Lecture 6 LESSON 2 : Common Financial Mistakes Musicians Make

Lecture 7 LESSON 3 : The Psychology of Spending for Creatives

Lecture 8 LESSON 4 : Categorizing and Prioritizing Expenses

Lecture 9 List of Essential and Non-Essential Expenses

Lecture 10 Pro Tips

Lecture 11 Action Steps

Section 3: Module 2: Setting Up Your Budget.

Lecture 12 Intro to Setting Up Your Budget

Lecture 13 Download Your MTJ Forecasting Tool Here

Lecture 14 LESSON 1 : Budgeting Tools and Methods

Lecture 15 LESSON 2 : Creating a Starter Budget

Lecture 16 LESSON 3 : Adjusting Your Budget to Reflect Reality

Lecture 17 Pro Tips

Lecture 18 Action Steps

Section 4: Module 3: Understanding Your Money Flow

Lecture 19 LESSON 1 : Show Me the Money

Lecture 20 LESSON 2 : Identifying Your Income Streams

Lecture 21 LESSON 3 : The Gig Economy and Financial Stability

Lecture 22 Creative Ideas to Generate Income

Lecture 23 Protips

Lecture 24 Action Steps

Section 5: Module 4: The Role of Forecasting in Music

Lecture 25 Module 4 Intro

Lecture 26 LESSON 2 : Power of Forecasting Income

Lecture 27 The 80/20 Rule

Lecture 28 LESSON 3 : Recording Income and Expenses

Lecture 29 Protips

Lecture 30 Action Steps

Section 6: Module 5: Using All the Tools Together

Lecture 31 LESSONS 1 - 4

Lecture 32 ProTips

Lecture 33 Action Steps

This course is for emerging musicians and bands, music producers, sound engineers, managers, agents, music students, teachers, songwriters, session musicians, publicists, music journalists, independent artists and music industry entrepreneurs.