It doesn’t do good to put your music career on the line for some spending. True, there may be situations when you have to do emergency spending and use your credit card, like when you have broken your strings and have no cash to buy replacements, and the show starts in ten minutes, or when you don’t have enough gas to get you to the venue. These situations, however, are more like exceptions than the rule, and even then they are not completely acceptable as contexts.
In other words, you should think twice, maybe thrice before you use your credit to cover big expenses. These expenses include recording, pressing and promoting. The reason is that you may be spending much on a portion of your valuable career even if you don’t have anything left to keep the other parts running in shape. You may have spent too much on recording, but maybe you should ask yourself if you still have some means left to promote the record you came up with. The idea holds true in almost any situation, like going on a tour and spending too much for it even if you can’t promote the tour itself because you are broke.
Maybe you can consider other funding sources aside from your vinyl cards (which are, by the way, very hard to keep up with). Bottom line is you shouldn’y charge your music career in it, or you’ll be way down the drain even before you know it.
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I really relate to this post. Although I am not really in the music industry myself, I have friends that are and one or two of them have been given a break in the industry and one of them inparticular, as soon as they got a bit of money coming in, they spent it. They didn’t realize that they fame (not that they where famous) might not last for ever and that the records company might not be so generous if their record didn’t sell, which is exactly what happened. People have to realize that lots of very talented people make it as far as making a little bit of money from their music; however, very few become millionaires from it. Invest what money you make wisely until you have so much of it that you don’t need to worry anymore.
This is great advice, Wes. Not only for those in the music industry, but anyone starting out a new business. It’s so easy to get caught up into “the dough” and thinking you are rich when you make a buck or two that you rationalize spending the money to grow, grow, grow. It IS so important to be wise, and often a person can find other ways to promote that are less expensive and even more productive — sometimes you just have to be creative!