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BiggerPockets Money Podcast

499: How to Make Money as an Artist

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.62.9K Ratings

🗓️ 2 February 2024

⏱️ 48 minutes

🧾️ Download transcript

Summary

Most people pursuing financial independence own businesses or have stable jobs, working as hard as they can to make any extra dollar, throwing their money into the stock market or real estate, and betting on the economy to take them to higher and higher levels of wealth. But what about those who AREN’T chasing every dollar or dedicating their lives to the pursuit of passive income? Can creatives, musicians, writers, or anyone wondering how to make money as an artist still find FIRE? Today, we’re talking to Paco de Leon, business owner, musician, podcast host, and author of Finance for the People: Getting a Grip on Your Finances. Paco’s world involves working with other creatives who rarely speak or think about money, helping them link their creative work with cash flow so they can continue doing what they love while building wealth for the future. Paco knows the system we live in isn’t perfect but recognizes that simply not participating isn’t an option. So, she serves as a voice for those who want to make a difference in the world, go against the grain, or care more about people than profit. In today’s episode, she’ll share the common money mistakes most creatives make that end up hurting them in the long run and why making money and building wealth is something ANYONE can accomplish, no matter your life’s passion! In This Episode We Cover Common money problems for creatives and how to build wealth without selling out The two ways you’ll get rich and how you can “create” your own financial independence Why your good “idea” isn’t enough, and what you MUST do to make money off of it Living in an imperfect world and the “dark side” of capitalism many people ignore Why making money and making art are NOT mutually exclusive (and how to do both!) And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Codie Sanchez: These “Boring Businesses” Will Make You Rich Alex Hormozi on The “Weak Links” That Will Make Anyone a Millionaire What Playing in a Band Taught Me About Making Money Click here to check the full show notes: https://www.biggerpockets.com/blog/money-499 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello my dear listeners and welcome to the Bigger Pocket Money Podcast. My name is Mindy Jensen and with me as always is my

0:07.2

weird in his own way co-host Scott T. Thanks Mindy I guess I'm I certainly am interested in creative finance.

0:14.4

Hi Mindy, we're here to make financial independence less scary, less just for somebody else,

0:18.0

to introduce you to every money story because we truly believe financial freedom is attainable for everyone, no matter when or where you're starting.

0:24.7

Today we talked to Paco de Leon, author of Finance for the People and host of the podcast, Weird Finance,

0:31.2

Paco's work centers and artists, creatives and freelancers, and on

0:35.0

today's episode she's going to share with us her insight and tips on how

0:38.2

artists and creatives of all types can shed the belief systems that have kept them behind and build new practices and work a system

0:46.4

to get them financial success.

0:47.8

Paco really gives insight into the mindset shift it takes for creatives to make in order to be able to reach

0:54.4

financial success and this episode is not just for people who view themselves as

0:58.5

creatives but also for anyone who is a freelancer, anyone who does not want the 9 to 5 work model or really anyone who has limiting

1:06.3

beliefs around money that have kept them behind.

1:08.9

Yeah, and a lot of these creatives, it seems, struggled with two fundamental problems.

1:13.5

One is the belief that pursuing wealth is a worthwhile goal.

1:19.0

There's often an aversion to some of the capitalist constructs

1:23.0

that we take for granted here

1:23.9

on the BiggerPockets Money Podcast.

1:25.6

And then second, once we've overcome that limiting belief

1:28.8

or aversion to building wealth,

1:30.9

there's a playbook that creatives need to follow that's different

1:34.0

than the playbook that W-2 employees might follow because they're not receiving a steady paycheck,

...

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