We are doing this podcast while not being the same room for the first time, using Zoom.
We start talking about how the pandemic and social distancing, and how that has affected us. Jimmy states that he's in the best shape of his life, and has put on like 10 lbs of muscle during the shutdown.
Today's main subject is a NYT article talking about how this pandemic economic shut down is affecting Americans. According to Pew research, for people making $50k to $59.9K per year, it would take them 2 years to save enough money to cover 4 weeks of expenses, on avg. For people making $200k/year, they could save 4 weeks of expenses in as few as 2 months.
We talk about how people making $50K per years should be more than enough, "as long as you're conservative with your money." We talk about how Gary Vee is always preaching "why are you buying $7 coffee" "why are we buying a car or house we can't afford to impress people we dont even like?" QUOTE: Better to have a friend with a bass boat than have on yourself.
We talk about horn players who need to work almost daily to keep up their embochure. I mention a friend trumpet player who stopped playing to keep up his embochure because all he loses is the high notes and the only people who care about the high notes on the trumpet are other trumpet players. Jimmy talks about his friend who started playing piano, neglecting his trumpet, and how quickly in a matter of a few weeks "lost his lip".
If a friend has a house with a pool, does that mean we need to get a house with a pool as well? or does a pool table substitute adequately?
We talk about how there are more great guitarists with incredible facility on the instrument (as seen in IG and other social media posts) than ever before, but we wonder how they can incorporate that high level of musicianship into other musical situations, or wonder if maybe being an IG influencer is the end game for them. Major Youtube stars like David Dobrek and Pew Die Pie are making $10millin plus per year.
I discuss Chris Greenwood and his excellent artist coaching (affiliate link as promised:
https://fanbaseuniversity.com/fanbaseuniversitynow?affiliate_id=2376098). According to his experience, Youtube pays much better to musicians and artists performing songs than Facebook does. We discuss if Instagram pays similarly to Facebook since they are the same corporation.
We discuss whether musicians activity will change any after this pandemic shutdown is over. Musiicians who have discovered Facebook and Youtube Live, etc, as a source of revenue, will they go back to playing live the old way, or change their behavior after this shutdown is over?
We discuss how it is possible for people making $50K/year to be struggling. I mention that in my home town an income of $20k to $30k is really adequate to live without real needs.
According to the NYT article, only 52% of low income workers are affected by the pandemic, income wise. We are both surprised its this low. We discuss how some jobs (Fed Ex, UPS, Amazon) are working overtime during this shutdown.
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