114. Are you a Financially Independent Musician : Musicians Tip Jar

Today we explore the rich world of FI or Financial Independence. We show the various strategies you can apply from this way of life to ease your stress and improve your money habits, allowing you more freedom.

THE ALLIANCE FOR LIFETIME INCOME is a non-profit educational organization based in Washington, D.C., that creates awareness and educates Americans about the value and importance of having protected lifetime income in retirement.. The Alliance provides consumers and financial professionals with educational resources, interactive tools, and actionable research and insights to use in building retirement income strategies and plans.

 The Alliance was Elton’s first and only non-profit tour partner and the sole presenting partner of his 2022 Farewell Yellow Brick Road tour in North America last year. Together, the Alliance, Elton and his husband David Furnish, CEO of Rocket Entertainment and chairman of the Elton John AIDS Foundation, heard from hundreds of thousands of fans along tour stops. The message was clear –  financial security and planning for the next phase in life are hugely important to them. The couple plans to continue working with the Alliance to have these vital conversations throughout 2023.“It’s important that we all take the steps needed to ensure financial freedom in our lives, to follow our own yellow brick road,” said Furnish. “Though Elton and I have been fortunate, the need to save, protect and plan for the future are universal principles and the same for all of us. Our continued partnership with the Alliance for Lifetime Income furthers our mission to stand for human dignity at every stage of life.” Learn more at https://www.protectedincome.org/

What if part of the problem or perhaps the biggest challenge we face as musicians isn’t the money we struggle to bring, but what's happening with the money we do have and how it can build foundations when not wasted on pickle shots and designer jeans?  What if you're putting too much energy into the wrong areas of your business? What if you could achieve a status not about making millions but simply of being financially independent?  Let's dive into this cult-culture movement and see what nuggets are there for us musicians!  Let's go.