Ep. 7: Ten Income Sources For Musicians

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Multiple. Streams. Of. Income.

Ever hear those magical words? Musicians, artists and freelancers who diversify their income increase their sense of job security and freedom of choice. There are many sources of active and passive income in the music industry to choose from. Let’s start with 10.

1. Performing Live

This might include restaurants, bars, clubs, stadiums, music festivals, house concerts, retirement homes,...

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Ep. 6: A Professional Saxophonist Becomes A Computer Scientist

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Jason St. George is a musician, educator, computer scientist, and machine learning engineer, currently completing his Master’s degree at Rochester Institute of Technology.  After a rural, quintessentially American upbringing in Upstate New York, Jason completed his Bachelor of Music Performance and Music Theory from University of North Texas in 2013, going on to a career as a musician and educator in the Dallas,...

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Ep. 5: How To Set Your Rates As A Freelance Musician

 

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So you’re a musician who’s ready to start working and live your lifelong dream. Let’s skip the finding work part for now and cut to the phone call from your friend or stranger: “Hey, my restaurant manager thought it would be snazzy to have a saxophone and accordion serenade our guests for 5 hours next week and I immediately thought of you.” (No mention of compensation.)

Now what?

When it...

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Ep. 4: A Pit Orchestra Musician Pays Off Her Student Debt

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A native of the Black Hills of South Dakota, Kelsey Mire is an experienced musical theatre musician based in Washington, DC. She plays 16 woodwinds including bassoon, saxophones, clarinets, and flutes. Kelsey can be heard regularly at Ford’s Theatre, Signature Theatre, and Arena Stage. Prior to moving to the DC metro area she played Nashville recording projects with MTI Broadway Junior and Garth...

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Ep. 3: Three Common Tax Deductions For Musicians

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Think of tax deductions like music scales. Once you are familiar with major scales you can move onto minor, diminished, augmented, whole tone, harmonic, egyptian, you name it. Let’s build a foundation with 3 of the most common tax deductions for musicians.

Before we begin, I must disclaim that the major overhaul in the tax code this year will affect some or all deductions for musicians. For instance, if you earn income...

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Ep. 2: A Trumpet Professor Leaves Her Music Career Behind For A Better Life

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Miranda George is a writer and speaker about the social elements that create and sustain performance anxiety in musicians, including shame, instability, and adrenaline. She also writes about performance problems regarding those who have struggled with trauma, mental illness, addiction, and disability.

In addition to the 60+ articles she has written for her blogs, Miranda has also written for Classical Music Indy, SmartMusic,...

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Ep. 1: What is a Thriving Musician?

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Welcome to the very first episode of The Thriving Musician podcast, I’m thrilled you’re here and I can’t wait to dive into all of the important topics and interviews that lie ahead. First, I want to share my story with you, how I drastically changed my life through financial education and awareness and why I’ve made it my mission to share what I’ve learned with the music community.

I was born...

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3 Common Tax Deductions for Musicians

taxes thriving musician Oct 15, 2018

 

Few of us ever test our powers of deduction, except when filling out an income tax form.

- Laurence J. Peter

Think of tax deductions like music scales. Once you are familiar with major scales you can move onto minor, diminished, augmented, whole tone, harmonic, egyptian, you name it. Let’s build a foundation with 3 of the most common tax deductions for musicians. At the end of this post I will share a link to download a much longer list of tax deductions to dive into.

Before we...

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Contracts: Don't Play A Note Without One

Until the contract is signed, nothing is real. - Glenn Danzig

As intimidating as a contract sounds, it can be quite relieving and lead to healthier personal and business relationships. A simple way to lighten the mood is to use the word “agreement” instead of “contract.” This implies both parties are equal in negotiations and “agree” to the terms at hand.

Agreements protect both parties in the event one or more terms are violated and come in many forms....

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Do Musicians Need Insurance?

YES, YES, YES, YES, YES, YES and maybe...

Many studies over the decades have concluded that over 40% of musicians do not have health insurance. Many of my colleagues and clients are in the same boat. With that in mind, how many musicians do you think have home, liability, disability or life insurance?

Insurance defined:

  1. A practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment...
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DO YOU WANT TO REDUCE YOUR TAXABLE INCOME?

Download my Ultimate List of Tax Deductions for Musicians for FREE!