ART INSIGHTS Creating Wealth as a Successful Artist - John Dahlsen

Responsible Financial ManagementArtists need to organize their money andprotect and save their wealth. I have metmany artists who were simply overwhelmedby financial planning. Most often they areresponsible for the problem by not takingsufficient interest in their finances, and itis often necessary to twist an arm in orderto persuade an artist to audit their incomeand take control. Some artists take controlby seeking advice from good accountingfirms and business managers.The problem can be solved with a newmindset that places a premium on wealthcreation and disciplined spending thatplaces an emphasis on the formulation oflong-term financial goals and discouragesshort-term wants. Such a strategy canbe developed with the help of financialadvisors and professional investmenthelp, but wealth creation and disciplinedspending begins with a personal decisionmade by an artist that he or she will liveaccording to a set of values and principles95