All posts tagged: value

Financial Stability: What is an hour of your time actually worth?

One of the biggest challenges you will face as an artist is attaining financial stability. It is very possible to find financial stability, but nobody seems to share strategies for thinking about how you go about developing a sustainable career. The Challenge I get it. I know that quite often, you find ourself taking work that is both artistically and financially beneath you, which is frustrating because it takes you away from the work in which you are most passionate. The result is that often, your art becomes uninspiring and unfulfilling. Instead of blindly taking every opportunity that comes your way, the challenge is to crunch the numbers and set some basic limits to what you will and won’t take. Let’s dig in a little on some strategies you can use as you work to establish the value of an hour of your time. Process In this world, knowledge is power. I’ve created this spreadsheet to help you out. Click on the link to create a side by side comparison of your jobs, including all artistic and non-artistic …

College Loans and Majoring in the Arts

This morning, I read this CNBC article, which discussed the fact that student loans have gone up over 150% in the last decade. The article states that “The average outstanding college loan balance is now $34,144, up 62 percent over the last 10 years.” Like most college students, arts majors (music, drama, dance, visual arts) will need to take out college loans in order to pay for their schooling. Generally, institutions of higher education don’t have a sliding scale for tuition based on projected earnings for each college major. Arts majors need need to weigh the value of the education they are receiving with the amount they will need to pay in order to earn their degree. When I coach artists, a big part of the conversation is about lowering financial risk in order to have more flexibility to pursue the things you love to do. With college becoming more expensive than ever, I encourage you to consider the impact of taking out college loans in order to pursue your art. Here is a breakdown …