Originally Posted By: Lucm
Finally someone mentions streaming. What took it so long? :-)

Streaming is the same as nothing. Even big celebrities can't make any money with streaming. I don't intend to get rich, just make enough to live, and streaming won't cut it.


To give it to you bluntly, it's because EVERYBODY knows including you it's a complete waste of time. AND, selling CD's is also a complete waste of time ESPECIALLY since you're saying you're not a performer and not interested in touring. You just cut yourself off at the knees because gigging is about the ONLY way you even have a chance of selling enough CD's to matter.

I don't know of you've read Rogers comments in the copyright and streaming threads. All I can say is he's a total pro, he's been fighting for years to get streaming rates drastically increased. He actually knows and speaks to members of Congress and the Senate. He's at that serious of a level with this stuff and knows what he's talking about.

I'm the last person to tell someone to not follow their dreams because that's exactly what I did for about 15 years but it was all gigging and touring. I managed to make a "living" meaning I paid my rent, car payments and equipment but that's it. Zero benefits, zero savings, no retirement plan and it cost me big time in the long run.

All my musician friends bailed out a good ten years before I did, got college degrees, went into regular professional careers, bought houses and all retired about ten years ago with assets and a good income. Me, I'm the same age as them but I just retired two years ago with some savings, managed to buy a small house in a retirement community 120 miles outside of LA because it's affordable but still, I have a fraction of what they have.

After knocking around different jobs mainly selling cars I finally landed at a CPA firm doing taxes about 25 years ago. When I was a full time player the last thing I would have ever seen myself doing was taxes. How uncool is that? Turns out I liked it, took a lot of serious high level courses in it and made some good money. The thing is from a strictly financial pov, I should have done that 35 years ago, not 25. Those ten years makes a huge difference. Looking back on it would I have bailed out early too? Honestly no, I'm happy with what I did and if you feel the same way then go for it.

Try to do your thing and I seriously mean that. Give it a really good solid try but if you're concerned about your long term financial health then don't let yourself fall too far behind what is needed to have a good life, some good investments and be able to have a comfortable retirement when that time comes.

Bob

Last edited by jazzmammal; 08/31/19 04:24 PM.
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