There is no point living like a celeb when your
finance does not proclaim you one yet.
Oh! Yes, you believe in yourself. You do have faith in you and you know that you
are destined for fame. See, when you
finally become famous, you will be living like a celebrity and will not be trying
hard to. Stop putting a strain on your
finance, creative time and business/management just because you are trying to
keep up with the celeb life.
You are also a ‘business’ and you need capital to
come in, for it to keep running. You
need to begin to make profit. If you
keep running without an inflow of cash, you might die off on the road. You don’t want to end up being the typical
artiste who was famous, had a popular song or two but no financial power.
Here are a few guidelines that
will help you in your spending:
Always ask yourself, ‘Is it necessary?’
Do only that which is necessary
to the furtherance of your career and wellbeing.
Differentiate what you need from
what you don’t need. Put on your
reasoning cap.
For example:
Do you need a car for mobility or
that luxurious machine?
Set your priorities right
Do a priority list; sit with your
manager or someone who is smart in this area and check. Strike
out what’s not important no matter how urgent it might seem. Put those which are important but not urgent in
second place and put on top of the list those that are urgent and important.
You don’t have to be everywhere
or do everything that seems ok except it’s vital to your career.
Do not let people around you fool you into thinking you have
arrived.
You are not there yet. And you
know. Well, especially financially. The people who are around you are excited for
you and they will tell you exactly what comes straight to their heads. You should allow them motivate you but not
push you into a relaxation point or a spending spree.
Be sincere with yourself. Do evaluate yourself regularly. Ask, ‘where is my career now?’ ‘Is my money
smiling?’
Don’t try hard to prove a point
Yes, I know you really want to
prove a point to those who turned you down. You want to show those who didn’t
believe in you and mocked you. Some even
said you wouldn’t make it and refused to help.
But remember pay back is a
‘bitch’ and not a ‘fool’. So don’t go doing
foolish spending trying to prove a point.
Don’t do something expensive just yet. It’s not time. You are still on your way to the top. When you are there financially, then you can
pay back ...
Be practical about your money
This is how much you have now. No magic will make it more except you work at seizing
and creating opportunities for more. If
your bank account ‘figures’ upcoming, then you really should be thinking on how
to make it ‘celeb’. Keep praying and working and not daydreaming
and spending like a moneybag while you are hoping more money would walk in just
like that. It doesn’t work that way in
the real world- but only in one’s dreams.
Value attracts money. Add value to yourself.
Mind your business
Mind your own business. This
means mind your career. Mind your music. Think about how to move it forward. And work at it.
Invest
You should be thinking of investing in assets.
Assets accrue. This means they appreciate in value. For example a property (say
land or a house) is an asset. While
something that depreciates in value or does not exactly brings returns is a
liability. If you do invest in buying yourself say a land
or a house you have tied your money into something that would yield you returns.
You have something to fall back on. You
should also think of getting more assets. Talk to a financial consultant to enlighten
you more on this.
Your music and brand are also assets I believe. You could invest in them by improving on your
music while you could go the extra mile of making your brand a household name. If you talk to a marketing consultant or
brand specialist, he/she would enlighten you more on this.
You could also invest in a viable business that would
yield returns. Your service or product should
be something that meets a need. There
are a thousand and one needs to be met, though you will need good management. But above all make sure you do a feasibility
study. Talk to a business consultant first. Please don’t do like people who assume they
know what to do and just dabble into business without seeking counsel. Remember you are a music artist and whatever
it is you studied in school. Business is
an art and you need to learn about it to succeed. You could learn by skill
acquisition or by experience- which is more expensive.
Reduce your Liabilities
Cut down unreasonable spending. If it doesn’t yield returns then watch how
much you put into such ventures.
No comments:
Post a Comment