The Working Musician: Military Jobs

With the possible exception of saxophonists and euphoniumists, few musicians dream of a military career. Yet this path can provide a dependable income, solid benefits, and varied opportunities. “This is a good four year job for just about anyone. It can be a GREAT 20+ year job for many,” explains Michael Mench, Commander of the US Air Force...

Nonprofit vs. For Profit, or Both?

This year, I will begin inviting guests to contribute articles to The Savvy Musician Blog from time to time.  Today’s post comes from Melissa Snoza, flutist and Executive Director of the Chicago-based Fifth House Ensemble. By Melissa Snoza I first became acquainted with The Savvy Musician’s David Cutler when he was doing research for his...

Would You Trade 4 Hours for One Million Dollars?

“Would you trade four hours for $100,000?”  That’s a question I recently asked a class of musicians.  Most raised their hand.  A few wanted to know what they’d have to do.  “Nothing hard or illegal,” I assured.  Then the ante was upped.  “What about for a million dollars?”  Suddenly all hands were reaching high in...

Creating a Budget

How much money is going in and out of your life?  Most musicians have no idea.  One practical and helpful exercise is to create a budget. CLICK HERE FOR SAMPLE BUDGET   Click the link above for a budget template where you can calculate earnings and expenses for an average month.  Another great exercise, especially for students, is to try...

MONEY

Money.  Now there’s a word that can strike fear (or denial) in even the boldest of us!  As musicians, we often come to believe that money is a forbidden, taboo subject. That our calling to make great art takes precedence over building a healthy financial profile.  When doing a presentation for a wonderful group of musicians this past weekend,...