Thank you for your honesty Julianne. And thank you for your bravery to be a musician in the first place. We are forever bemoaning the fact that streaming is preventing musicians from earning a living but it sounds like it was ever thus. Perhaps it was actually more insidious back in the day - i.e. you thought you were earning a living but, in reality, you were acquiring a debt and that was only revealed when it was too late to do anything about it.
I'm really sorry to hear about it though and I do hope that you regain the confidence to play live again one day soon. I saw you several times back in the day and you were always an amazingly generous performer. Your audience will still be there I am sure.
Julianne’s honest reflection on the financial realities of a career in the arts is both eye-opening and a necessary wake-up call. Her emphasis on financial literacy, particularly in a field where passion often overshadows practicality, resonates deeply. It’s a reminder that while pursuing our dreams, we mustn’t overlook the importance of securing our future. Kudos to Julianne for sharing this crucial message—it’s one every aspiring artist should take to heart.
Being in the property industry, you'd be amazed at how little the majority of people know about personal financial and wealth management and why should they, as you mentioned, it's not a particularly interesting topic and to prepare for something that's 40-50 years down the line is something that you will rightly dismiss in your youth as well, there are better things to enjoy and worry about!
I have always been a very cautious person by nature, my dad drummed it into me from an early age that money doesn't grow on trees and earning money is hard work so always look after your finances.
I've been very fortunate in my younger years too as I've been self employed in catering most of my early to mid life that has allowed me to invest in my and my children's future as I've always been a planner, I can't function properly without security.
But I do think that educating youngsters about personal finances and understanding about planning for the future is essential.
I regularly advise many friends and people in your exact predicament about learning to remortgage and to learn to plan for the future.
As clichéd as it sounds but if you're not planning to succeed, then you're likely planning to fail, though not in all cases.
I appreciate not everyone has the structure or discipline to follow through but I do think it's absolutely essential that we all get some form of education or information with regards to planning for the future.
Thank you for your honesty Julianne. And thank you for your bravery to be a musician in the first place. We are forever bemoaning the fact that streaming is preventing musicians from earning a living but it sounds like it was ever thus. Perhaps it was actually more insidious back in the day - i.e. you thought you were earning a living but, in reality, you were acquiring a debt and that was only revealed when it was too late to do anything about it.
I'm really sorry to hear about it though and I do hope that you regain the confidence to play live again one day soon. I saw you several times back in the day and you were always an amazingly generous performer. Your audience will still be there I am sure.
Clearly, if you're not writing for a living yet, you could or should be!
Ouch… if that story were much closer to home I would be able to throw soundbites over the neighbouring wall.
Maybe I’d better get started on that book after all.
😏
Julianne’s honest reflection on the financial realities of a career in the arts is both eye-opening and a necessary wake-up call. Her emphasis on financial literacy, particularly in a field where passion often overshadows practicality, resonates deeply. It’s a reminder that while pursuing our dreams, we mustn’t overlook the importance of securing our future. Kudos to Julianne for sharing this crucial message—it’s one every aspiring artist should take to heart.
Being in the property industry, you'd be amazed at how little the majority of people know about personal financial and wealth management and why should they, as you mentioned, it's not a particularly interesting topic and to prepare for something that's 40-50 years down the line is something that you will rightly dismiss in your youth as well, there are better things to enjoy and worry about!
I have always been a very cautious person by nature, my dad drummed it into me from an early age that money doesn't grow on trees and earning money is hard work so always look after your finances.
I've been very fortunate in my younger years too as I've been self employed in catering most of my early to mid life that has allowed me to invest in my and my children's future as I've always been a planner, I can't function properly without security.
But I do think that educating youngsters about personal finances and understanding about planning for the future is essential.
I regularly advise many friends and people in your exact predicament about learning to remortgage and to learn to plan for the future.
As clichéd as it sounds but if you're not planning to succeed, then you're likely planning to fail, though not in all cases.
I appreciate not everyone has the structure or discipline to follow through but I do think it's absolutely essential that we all get some form of education or information with regards to planning for the future.
Thanks for the insight Julianne