Episode 10

Don't Inhale the Burnout

We must remember, whether we signed up for this reality or not, if we are to pursue greatness in our art we must simultaneously accept that we must create a financial plan that will allow us to sustain such a noble cause. Just as muscles burn during your 116th push up, as you reach humbling milestones in your life; whether it be your 3th album, 30th birthday or 300th wedding performance, dreams too can burn.

0:00:01.7 S1: Welcome to the show that explores the methods and strategies on rock on the financial side of your music business with over 40 years combined experience. Here are your host, Chris Webb and Dave tampico to musician tip jar. When

0:00:18.6 S2: We talk about musicians and money, a place where we all have exaggerated stories about band aids and we discuss how to do self-checks, now what's burning to keep the spin doctor away. I'm your host, Chris web, joined by my co-host, the honorary doctor himself, Dave Taman. Thanks for having me back. Press, I didn't go to medical school for 10 years. I did it. Not even a doctor. That's where it ends. We must remember whether we signed up for this reality or not, if we are to pursue greatness in our art, we must simultaneously accept that we must create a financial plan that will allow us to sustain such a noble cause, just as muscles burn. During your 116th push up, as we re-tumbling milestones in your lives, whether it be our third album, 30th birthday or 30th wedding performance. They too can burn... We all risk burn out when the going gets tough and pursuing what we truly desire, today we are going to address keeping focus on what it is you really want and how to avoid burning out before you get there. So hang in there, giddy will be right back.

0:01:34.8 S2: Today's episode is brought to you by stone cottage studios. To believe that music and visual heart is transcending, has no borders, represents everyone and has the ability to live the heart and soul. We believe that music has the power to unite and light, motivate and inspire storage studios provides a venue for musicians to reach their fans through video and audio production right here in Boulder, Colorado, check out their interview-based artist sessions, live stream events and filming and recording projects, at Stone Cotati dot com. Welcome back, everybody. This week, I wanted to bring your attention to Music Cares from the Recording Academy established in 1989 by the National Academy of recording arts and sciences. Music Cares was created to eight musicians who may feel that they have nowhere to turn to when confronted with a financial, personal or medical crisis. He, it cares consistently partners with other outstanding artists and organizations like the Family Medical Clinic, actors, Pema Foundation, and many more to help them provide the most thorough assistance possible to check out more, Music Cares. Check out Grammy dot com for this week's core of the week. We're going straight to the daily himself.

0:02:53.8 S2: He once said, If you feel burning, settling in... Alright, let's try the skin, if you feel burn out, setting in, if you feel demoralized and exhausted, it is best for the sake of everyone to withdrawal and restore yourself. The point is to have a long-term perspective... Second quarter I've got is from Elinor Roosevelt. She said, I am who I am today because of the choices I made yesterday. And if you wanna make a great choice today, you should go ahead and comment and subscribe to whatever podcast you listen to US Am. It really does help us out, burnout, both financially and emotionally is a very real thing, and it can happen at any area of your life, personal or financial or professional... The best thing to do when going gets tough, it's not look away, but instead narrow your focus on the long-term goals and find short-term solutions to renew your resolve. Today we're gonna talk about three things trusting your budget, keeping your focus and leaning on your community, let's divert into trusting your budget and your plan. A budget does not have emotion, there is no risk of burnout with numbers, they do not lie, they do not exaggerate, and if you keep track of them, you cannot lose them.

0:04:36.9 S2: These are all reasons why a budget is important to have set and to keep track of by trusting your budget, you must know the top and the bottom line of everything that comes in and out, and creating assets out of thin air and will often not look good in your budget for a while. So having your budget keep you afloat doing the short-term income sources such as teaching will allow you to keep your focus on your long-term goals, so let's move towards keeping your focus. You must remember what it is you're trying to create and why you believed it was a prosperous effort, both spiritually and financially speaking, you have to repeat your elevator pitch to yourself every day. I know people that screaming in the shower when they're getting ready in the morning, I know people that write it on a piece of paper and keep it in their pocket so that they can look at it all the time, keeping your focus means knowing exactly where you're headed, no matter of what the situation is that you're dealing with that day, do you know anyone who says it on elevators... The person that we all move away from when we're little...

0:05:57.8 S2: I think the easiest one to practice or at least start thinking about would be if someone comes up to you and say, asks What is your music sound like... I mean, how many years have you been asked that? And I still don't think I have a good answer. It throws me off every single time, so that's gonna be making... I know of that. So next time we talk, I think in Episode 11, I will have my elevator pitch for you in the UK judgment, Chris, everyone else can, to having that one focus, that ultimate goal is really at the top of your whole entire plan, but it's a way to keep yourself doing, the other things that are creating those short-term incomes in your budget and justifying sometimes when you're on your 12th lesson of the day and you're just tired, but you remember you pull out that piece of paper that has that ultimate goal written on it, and you keep that focus and it gives you that bit of burst of energy, so there's just so much working there when you can kinda keep these two together, both your budget and your focus.

0:07:16.9 S2: I think we talked about this before, the HBO documentary, The Defiant Ones. And you said you were still going to watch it and get back to me on that one, but there was one producer, Jamie has a comment that just stuck with me, he's like, I'm like a race horse, I have my blinders on and I'm looking straight ahead on the price, I'm not looking at what's the left to the right of me? I'm not paying attention to other horses, I just have my eye on the prize, and I don't know why that stuck with me, Every musician, every entrepreneur should definitely check out that documentary, to take short breaks does not mean that you're broken... Another thing, you're mentioning short breaks, and something that I don't think I learned to later in life was taking those short breaks and I was working all morning all afternoon and then playing shows at night and starting again the next day, and there's this book called The Artist's Way... And it's about being kind of like a creative funk, and I think that's important because I think it's important for you to be able to show up creatively every day to make sure that your business is functioning properly, not only are you taking care of your finances and watching your expenses and making sure they're all getting paid, but you leave room and space in your life to create music and to practice your instrument, and a few things that I just got out of that book was like, pay attention to who you're hanging out with, and if they are supporting you, or if they're bringing you down, what does your community look like? If you work on your art, you're working on your life, so take yourself on a creative date, go out to the museum, read a new book, listen to new music, buying space and time for yourself, not just the work, make time for music just for the sake of music, not the outcome of it, because that has to happen.

0:09:14.4 S2: The outcome is to be able to financially support yourself, but if you're not getting better and practicing your craft, that's gonna get stagnant to... And believe me, I spent years being stagnant, which I wish I had you around to talk to on a weekly basis, getting me out of that, make the art for the sake of the art, and what you were really meant to do. And I guess the last thing just to bring back to Jemima is like, Don't compare your journey to others, make it your own, take those tiny steps to get your life, your finances, your relationships in line with what brings you happiness, so the music has space to lead your life... Sustainability is key in all of this, and the key to sustainability is balance, so just make sure that you're always paying attention to how you're feeling, giving yourself as the devil Lama says, some space to balance yourself back out, and the third way that we believe... And perhaps the most critical of the three ways to really keep yourself from burning out is leaning on your community, there's no question that we cannot do this alone, community also represents resources and connections and motivation, reconnecting with the music and the art and your message.

0:10:34.9 S2: We need each other to remind ourselves of these things we've said, and these things that we've done, these are great achievements that we've probably all already made, and leaning back on what motivated us from the beginning can re-inspire us and renew our efforts in something as simple as listening to your favorite artists for a little while will remind you of the passion that perhaps was being burned away, reminding yourself why you write, to write for your friends and your family, to share an emotion, to express things, remembering what the origin of your inspiration is. And if you need someone to write for look up Frank from the sound, I dread something. Music toast, I think accountability with other musicians do it was a good thing to plan out... They need you as much as you need them. Each week, my friend Brian and I try to send each other what we've been working on, a short audio recording or a video, it doesn't have to be much, just a little bit of inspiration to keep each other going. This has helped me to show up in a way to not only look at how I run my business, but why I show up to my business and the quality of the people I get to share it with.

0:11:48.5 S2: I mean, people who don't know what a genuine nice guy you are on a regular basis, Christy, just don't show up every podcast. And sound is nice. So I think musically, we can do that for each other as well, and we do this podcast pretty late at night for maybe us for how early we get up in the morning, but I take care of myself a Monday, Tuesday, in a different way than I used to if I didn't have something like this plan, especially during a pandemic, when I had gigs, I get enough sleep beforehand, I drink enough water, I tried to eat the best I could to have enough energy to get throughout that day, and just being able to discuss that with other musicians is pretty important, and if anybody wants to reach out to us and connect with us and use us as part of their community, or give us some tips to put on the show, any other ideas that they might have and the questions they might want a answer. What's the best way to contact us? You can reach us at musicians dot com, we're send us an email at musicians to jar at gmail.

0:12:57.4 S2: And of course, to remind you again, if you haven't already, please do subscribe and comment, let others know about this community so that we can spread the word, it really does help us out as always, thanks for joining us and remember, there is already enough for everyone just need to know how to get it. Until next time, on behalf of Dave Hankins and myself, Chris web, please stay safe. Stay healthy and take care of each other. What we choose to neglect eventually ends, so take care of what it's important to you. This is musicians tip.

0:13:31.2 S1: Nothing on this show should be considered specific personal or professional advice, please consult an appropriate tax legal business, the financial professional for individualized advice. Individual results are not guaranteed, and all discs strategies at the potential for profit or loss, those are operating on behalf of musicians till C. Exclusively.

0:13:53.3 S2: You talked a lot about burning in this episode, so I'm not sure if what we choose to neglect eventually ends 'cause if it's burning, but I look into that, you certainly don't want what's burning to be in your hand

0:14:08.6 S1: Next week.