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56. E is for Emergency Fund
Welcome to Musicians Tip Jar where we talk about musicians and money. Here we just keep repeating the message that planning for the unexpected is at the core of having a sustainable music career. I’m your host Chris Webb joined by my co-host and the guy never done with strengthening his core, Dave Tamkin.
Quote:
“Your emergency fund is not an investment, it’s insurance with one purpose - to protect you.” - Dave Ramsey
Today we discuss the value and power an emergency fund gives your art and business. This single note of the financial scale could easily make the difference of making this career a failed attempt or a lifetime of success. We outline how much you should have and how you can make it happen.
Artists at Risk Connection (ARC) safeguards the right to artistic freedom of expression and ensures that artists and cultural professionals everywhere can live and work without fear. Our ultimate goal is to address the needs of artists at risk and the organizations that serve them.
ARC primarily achieves this by:
— ASSISTING persecuted artists by connecting them to our growing global network of resources
— FACILITATING cooperation among human rights and art organizations
— AMPLIFYING the stories and work of at-risk artists as well as raising visibility of the field of artistic freedom
Learn more at artistsatriskconnection.org
We are in the bones of the financial scale now as we talk about E is for your emergency fund. This note alone could have saved so many musicians when the Pandemic took everyone's business to a record scratching stop. The idea is simple enough, have a fund of money that is never meant to do anything except be there in case of emergency. This is like a fire extinguisher. It's there for only one reason and hopefully that reason never happens but damn is it a lifesaver if something does happen.
The goal is to build 2-5 months expenses and keep it in a separate Savings account.
Ways to connect with us:
Musicians Tip Jar.com
Musicians Tip Jar@gmail
Intro & Outro Music Donated by: The Magi https://www.themagimusic.com
Intro Read by: David “DJ” Lee of The Magi
https://soundcloud.com/rockababyrock
Pictures by: Kit Chalberg https://kitchalberg.com/
Become a supporter of this podcast: https://www.spreaker.com/podcast/musicians-tip-jar--4698023/support.
Quote:
“Your emergency fund is not an investment, it’s insurance with one purpose - to protect you.” - Dave Ramsey
Today we discuss the value and power an emergency fund gives your art and business. This single note of the financial scale could easily make the difference of making this career a failed attempt or a lifetime of success. We outline how much you should have and how you can make it happen.
Artists at Risk Connection (ARC) safeguards the right to artistic freedom of expression and ensures that artists and cultural professionals everywhere can live and work without fear. Our ultimate goal is to address the needs of artists at risk and the organizations that serve them.
ARC primarily achieves this by:
— ASSISTING persecuted artists by connecting them to our growing global network of resources
— FACILITATING cooperation among human rights and art organizations
— AMPLIFYING the stories and work of at-risk artists as well as raising visibility of the field of artistic freedom
Learn more at artistsatriskconnection.org
We are in the bones of the financial scale now as we talk about E is for your emergency fund. This note alone could have saved so many musicians when the Pandemic took everyone's business to a record scratching stop. The idea is simple enough, have a fund of money that is never meant to do anything except be there in case of emergency. This is like a fire extinguisher. It's there for only one reason and hopefully that reason never happens but damn is it a lifesaver if something does happen.
The goal is to build 2-5 months expenses and keep it in a separate Savings account.
Ways to connect with us:
Musicians Tip Jar.com
Musicians Tip Jar@gmail
Intro & Outro Music Donated by: The Magi https://www.themagimusic.com
Intro Read by: David “DJ” Lee of The Magi
https://soundcloud.com/rockababyrock
Pictures by: Kit Chalberg https://kitchalberg.com/
Become a supporter of this podcast: https://www.spreaker.com/podcast/musicians-tip-jar--4698023/support.
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By Chris Webb & Dave Tamkin
5
1111 ratings
Welcome to Musicians Tip Jar where we talk about musicians and money. Here we just keep repeating the message that planning for the unexpected is at the core of having a sustainable music career. I’m your host Chris Webb joined by my co-host and the guy never done with strengthening his core, Dave Tamkin.
Quote:
“Your emergency fund is not an investment, it’s insurance with one purpose - to protect you.” - Dave Ramsey
Today we discuss the value and power an emergency fund gives your art and business. This single note of the financial scale could easily make the difference of making this career a failed attempt or a lifetime of success. We outline how much you should have and how you can make it happen.
Artists at Risk Connection (ARC) safeguards the right to artistic freedom of expression and ensures that artists and cultural professionals everywhere can live and work without fear. Our ultimate goal is to address the needs of artists at risk and the organizations that serve them.
ARC primarily achieves this by:
— ASSISTING persecuted artists by connecting them to our growing global network of resources
— FACILITATING cooperation among human rights and art organizations
— AMPLIFYING the stories and work of at-risk artists as well as raising visibility of the field of artistic freedom
Learn more at artistsatriskconnection.org
We are in the bones of the financial scale now as we talk about E is for your emergency fund. This note alone could have saved so many musicians when the Pandemic took everyone's business to a record scratching stop. The idea is simple enough, have a fund of money that is never meant to do anything except be there in case of emergency. This is like a fire extinguisher. It's there for only one reason and hopefully that reason never happens but damn is it a lifesaver if something does happen.
The goal is to build 2-5 months expenses and keep it in a separate Savings account.
Ways to connect with us:
Musicians Tip Jar.com
Musicians Tip Jar@gmail
Intro & Outro Music Donated by: The Magi https://www.themagimusic.com
Intro Read by: David “DJ” Lee of The Magi
https://soundcloud.com/rockababyrock
Pictures by: Kit Chalberg https://kitchalberg.com/
Become a supporter of this podcast: https://www.spreaker.com/podcast/musicians-tip-jar--4698023/support.
Quote:
“Your emergency fund is not an investment, it’s insurance with one purpose - to protect you.” - Dave Ramsey
Today we discuss the value and power an emergency fund gives your art and business. This single note of the financial scale could easily make the difference of making this career a failed attempt or a lifetime of success. We outline how much you should have and how you can make it happen.
Artists at Risk Connection (ARC) safeguards the right to artistic freedom of expression and ensures that artists and cultural professionals everywhere can live and work without fear. Our ultimate goal is to address the needs of artists at risk and the organizations that serve them.
ARC primarily achieves this by:
— ASSISTING persecuted artists by connecting them to our growing global network of resources
— FACILITATING cooperation among human rights and art organizations
— AMPLIFYING the stories and work of at-risk artists as well as raising visibility of the field of artistic freedom
Learn more at artistsatriskconnection.org
We are in the bones of the financial scale now as we talk about E is for your emergency fund. This note alone could have saved so many musicians when the Pandemic took everyone's business to a record scratching stop. The idea is simple enough, have a fund of money that is never meant to do anything except be there in case of emergency. This is like a fire extinguisher. It's there for only one reason and hopefully that reason never happens but damn is it a lifesaver if something does happen.
The goal is to build 2-5 months expenses and keep it in a separate Savings account.
Ways to connect with us:
Musicians Tip Jar.com
Musicians Tip Jar@gmail
Intro & Outro Music Donated by: The Magi https://www.themagimusic.com
Intro Read by: David “DJ” Lee of The Magi
https://soundcloud.com/rockababyrock
Pictures by: Kit Chalberg https://kitchalberg.com/
Become a supporter of this podcast: https://www.spreaker.com/podcast/musicians-tip-jar--4698023/support.