The thirty minutes I spent debating music industry outlook and income streams on Music Think Tank last week reminded me that I never plan to utter the phrase “there’s no money in that” to my four kids as they grow up.
There are cycles to every job, industry and career. Things that look bleak today (after some adaptation) are tomorrow’s growth and revenue engines; conversely, what’s up today, seems to always come down tomorrow.
Here are a few things that I will tell my kids:
The road to money is a meandering path.
Do what you love.
Don’t spend more than you make. It’s that simple.
Don’t make adjustments out of desperation.
The journey is the reward.