{"id":8274,"date":"2011-05-12T16:23:28","date_gmt":"2011-05-13T00:23:28","guid":{"rendered":"http:\/\/www.unifiedmanufacturing.com\/blog\/?p=8274"},"modified":"2019-11-05T10:40:16","modified_gmt":"2019-11-05T10:40:16","slug":"rich-musician-poor-musician","status":"publish","type":"post","link":"https:\/\/www.unifiedmanufacturing.com\/blog\/rich-musician-poor-musician\/","title":{"rendered":"Rich Musician, Poor Musician"},"content":{"rendered":"

\u201cRich Dad, Poor Dad<\/a>\u201d<\/em> by Robert Kiyosaki and asked (forced) me to read it. I’m glad she did because I learned a lot about finances and life.\u00a0The book is basically about a young man who has two fathers: the first was his biological father \u2013 the poor dad – and the other was the father of his childhood best friend \u2013 the rich dad. Both fathers taught the author how to achieve financial success but with very disparate approaches.\nWhat I love about the book is that it\u2019s not merely talking about getting rich. I realized that we can apply Kiyosaki\u2019s principles of achieving financial success to our artistic pursuits and everything else.\nAre you a musician with a day job? Chances are you\u2019re more devoted to your day job than making and promoting your music because although you love your music more than anything in the world, you need money<\/a>. I bet that, like myself, you spend 8-10 hours a day working for some person or company and only do “music stuff” on your spare time . You\u2019d even work overtime for your day job. Lucky day job for a loyal worker like you!\nMaybe you’re a bit pissed and you want to say:\nBut it pays the bills, you hypocrite! Don\u2019t you know how hard it is to live in this economy? How can I give it #1 priority when I can\u2019t pay the rent and I’m already going crazy doing the music-work-life juggle?<\/em>\nYou should. Life is no excuse for not making art and pursuing one’s dreams.\nAnd, trust me. I know how hard it is to even exist in this economy. \u00a0Furthermore, I know how hard it is to do what you want because of financial constraints. That\u2019s want to follow Rich Dad\u2019s advice.\nI realized that we should not wait for things to get easy and comfortable so we can start making \u00a0art or doing something that we love. Things will never get easier. It is part of the challenge and we have to do something about it and not use \u2018real life\u2019 as an excuse. Not anymore! I\u2019ve used that excuse a million times already and boy it doesn\u2019t get cuter now that I\u2019m getting older.\nYes, it\u2019s a lot different when we\u2019re talking about making a CAREER in music. Making a career out of the things we love to do is a different story. Making a career means selling our stuff, working our way up so someday it becomes our full-time non-job. This kind of path requires a LOT of time, effort, money, and determination to get more things done in a day\u00a0so we can cover all bases.\nApparently, creating art is just the first step.\n\"industry-news-cashflow-quadrant-with-arrow\"<\/a>\nKiyosaki gave four financial quadrants. First is E (Employee). That\u2019s where most of us are. Those in the E quadrant are people who are working for other people. The next quadrant is S (Self Employed). This quadrant includes people that work for themselves, people who OWN a job. This includes skilled workers, sportsmen, and artists. Then there\u2019s the B quadrant which stands for Business Owner and I which stands for Investor.\nKiyosaki suggests that we work on the I and S quadrant but that’s overwhelming. Right now, let\u2019s focus on shifting from E to S. The process is not easy but changing our mindset is a very big step. If you are not so fulfilled making somebody else rich and receiving a meager salary, if you know in yourself that you want a career in music, if you do not want to grow old with resentment, then it\u2019s time to shift your mindset.\nFirst, we should treat our day job as our second priority and our music career as our #1 priority! We have lots of options to do this. We can work same number of hours on our day job but devote more time to our music (get ready for sleepless nights). We can work lesser number of hours on our day job so we would have more time for our career. We can hire someone to do our \u201cmusic stuff\u201d while we try to slowly work our way out of the day job. While waiting for the shift, it is a must that we try to\u00a0incorporate\u00a0creativity to our daily life in order to nurture our passionate side.\nTip: Kiyosaki is not a fan of frugality and living below the means but that\u2019s my number one tip for those who are in the transition phase. Be careful of how you handle your money and time while you\u2019re still in transition phase. Every cent and every second matters a lot in this phase. It\u2019s tough but there\u2019s no other way to do it. We have to keep pushing and fight our way through.\nphoto credit: Owen Benjamin\n_________________________________________________________________________\nUnified Manufacturing<\/strong>\u00a0is an L.A. -based one-stop-shop that offers very affordable CD\/DVD\/USB replication, custom printing, promotional products, warehousing and fulfillment and many more. If you need an Instant Quote on a project and you want FREE SHIPPING, simply\u00a0CLICK HERE<\/a>.]]> \t<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cRich Dad, Poor Dad\u201d by Robert Kiyosaki and asked (forced) me to read it. I’m glad she did because I learned a lot about finances and life.\u00a0The book is basically about a young man who has two fathers: the first was his biological father \u2013 the poor dad – and the other was the father […]<\/p>\n","protected":false},"author":5,"featured_media":8278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-unified-manufacturing-news"],"yoast_head":"\nRich Musician, Poor Musician - UnifiedManufacturing<\/title>\n<meta name=\"description\" content=\"Managing finances is tough, more so if you're an indie musician. 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