This is good information. There seems to be some conflicting ideas I often run into when looking at financial information for artists. The "Don't Touch It" vs. "Food on the Table" ideas seem to be at odds with each other. This seems to be more of a model for art as a "side hustle." Which is to say another stream of revenue needs to be added in order to fulfill the "Food on the Table" side of the equation. I adore your work. I would love to see a more comprehensive model which includes a more robust approach to cashflow as it applies to the acquisition of an appropriate studio space and professional grade materials. Thanks for all your effort!
On these themes a great book is "Negotiating with the Dead" which is a series of lectures Margaret Atwood gave at Cambridge on how to think about making a living as an artist. (She's a writer.) Neat to look at it from the viewpoint of a literary person as many of the helpful / unhelpful thinking patterns overlap.
What about link between the online shop and traffic to the online shop. Im pulling numbers out of air, but I would guess 25% of the population knows who Marcel Duchamp is. Maybe 10% get the joke. Maybe 5% like the image. Maybe 1% has the money for it. How do you triangulate all of those things into a sale outside of the organic growth of a multi decade career as an artist?
Just started learning art about a year and a half ago but I've been investing for about 4 years now, cannot wait for the day I drop money from a sale into my Schwab acc for the first time.
Great talk. Personally, I'm bullish on silver. We also need to ask our state representatives to change the UCC codes to prevent brokerages from taking ownership of our investments and liquidating them if they go under.
Great video, I appreciate how well you laid out and conveyed your ideas. This was helpful for me, I gotta keep this in mind going forward. Lets get this muney💸
This was extremely helpful, thank you. Where I always get stuck when planning to invest is... what to invest in. Do you have any advice? Ordering a copy of One Up On Wall Street right now, hopefully it clears some of that up for me.
My two cents. One up on Wall Street is excellent. First start with index funds. A NASDAQ index fund. Then use what you learn in one up on Wall Street to slowly put together individual stocks to augment the index funds. Don’t be afraid. Just DONT DAY TRADE OR FOLLOW INTERNET TRENDS. BUY VALUABLE MULTINATIONAL corporations. Disclaimer. This is not investment advice. I’m not a professional
No… The dividend reinvestment is how you actually build wealth overtime. Don’t touch that an rely on the “most powerful force in the universe” the magic of compound interest. Keep funding the art/design from other sources. NEVER touch the principal.
How does not touching the profits work in terms of physical product design that I need to outsource labor? I make hypothetically 100 objects, it cost me 100$ to manufacture per piece, I sell at 400$. My dilemma is taking those profits and be able to keep manufacturing more work without touching the profits?
Most companies have something called “dividends”. They pay their stock holders a portion of their profits (dividends). Also, over time - for good companies - their stock value - over time - goes up. NOT if you invest in poorly performing companies. So these two things over time have the capacity to increase your net worth (your assets).
@@StudioPractice1 thank you, i was concerned it was interest generated from lending money at interest. i think it would be immoral to take that kind of interest (usury)
These types of funds I've looked up require around $10 000 deposits each time, otherwise small deposits have large transaction fees each time which kind of defeats the purpose
@StudioPractice1 um yeah... in order to get compensated... letting money sit is one of the simplest parts of the equation if you have the money. This video isn't "how to ACTUALLY make money as an artist" as you put it. Maybe rather "what to do with the money once you have it".
too much capitalism not enough art. i know i need to hear this but it puts an ache on the soul. regardless glad you brought the real juice in the last 20 seconds. are you familiar with Ben Levin's work? th-cam.com/video/5P49jk7ebAE/w-d-xo.htmlsi=1OWcIkTxWYNHXarn
idea->art->money->dark web->drugs->street->cash->c4/guns & ammo->government building
👀🤣 well done
Best overall life advice in one TH-cam bitsize.
#GitDaMuney💰
This is good information. There seems to be some conflicting ideas I often run into when looking at financial information for artists. The "Don't Touch It" vs. "Food on the Table" ideas seem to be at odds with each other. This seems to be more of a model for art as a "side hustle." Which is to say another stream of revenue needs to be added in order to fulfill the "Food on the Table" side of the equation.
I adore your work. I would love to see a more comprehensive model which includes a more robust approach to cashflow as it applies to the acquisition of an appropriate studio space and professional grade materials. Thanks for all your effort!
Damn. Thanks for the note. I’ll think about my response.
On these themes a great book is "Negotiating with the Dead" which is a series of lectures Margaret Atwood gave at Cambridge on how to think about making a living as an artist. (She's a writer.) Neat to look at it from the viewpoint of a literary person as many of the helpful / unhelpful thinking patterns overlap.
What about link between the online shop and traffic to the online shop. Im pulling numbers out of air, but I would guess 25% of the population knows who Marcel Duchamp is. Maybe 10% get the joke. Maybe 5% like the image. Maybe 1% has the money for it. How do you triangulate all of those things into a sale outside of the organic growth of a multi decade career as an artist?
Let’s get dis muney 😂😂
Let’s do it!
Just started learning art about a year and a half ago but I've been investing for about 4 years now, cannot wait for the day I drop money from a sale into my Schwab acc for the first time.
Get dis Muney! Nice. That’s the way to go. Trust me on this one ;-)
Great talk. Personally, I'm bullish on silver. We also need to ask our state representatives to change the UCC codes to prevent brokerages from taking ownership of our investments and liquidating them if they go under.
very good, very sharp
Im baffled looking back at the fact that this simple explanation of creating & investing was never mentioned in my college design courses.
Because most college professors (NOT ALL!) are posers that don’t know shit. (NOT all)
Great video, I appreciate how well you laid out and conveyed your ideas. This was helpful for me, I gotta keep this in mind going forward.
Lets get this muney💸
Let’s get dis fuckin money doing what we want to do… no selling shit!
is that a wojack shirt lmao goes so hard
I love you man. Love the clarity of thought you have.
Let's get this money
Let’s do it!!
The fountainhead
It did help. Thank you.
thanks for the advice, but I'm going to spend all my money on meme-coins instead.
my brother in christ the principals are the same ;;; long it all and bet more
This was extremely helpful, thank you. Where I always get stuck when planning to invest is... what to invest in. Do you have any advice? Ordering a copy of One Up On Wall Street right now, hopefully it clears some of that up for me.
My two cents. One up on Wall Street is excellent. First start with index funds. A NASDAQ index fund. Then use what you learn in one up on Wall Street to slowly put together individual stocks to augment the index funds. Don’t be afraid. Just DONT DAY TRADE OR FOLLOW INTERNET TRENDS. BUY VALUABLE MULTINATIONAL corporations.
Disclaimer. This is not investment advice. I’m not a professional
The part “do no tuch ZE munuyi” it’s hard. Rock hard. Great vid.
More of these tyoe of vids!
So the dividend reinvestment doesn't go back into buying more stock but funds the materials needed to make more art?
No… The dividend reinvestment is how you actually build wealth overtime. Don’t touch that an rely on the “most powerful force in the universe” the magic of compound interest. Keep funding the art/design from other sources. NEVER touch the principal.
How does not touching the profits work in terms of physical product design that I need to outsource labor? I make hypothetically 100 objects, it cost me 100$ to manufacture per piece, I sell at 400$. My dilemma is taking those profits and be able to keep manufacturing more work without touching the profits?
Maybe a bit of labor theory of value implied in the beginning.
lez git dis munion
Right!
how is the interest generated?
Most companies have something called “dividends”. They pay their stock holders a portion of their profits (dividends). Also, over time - for good companies - their stock value - over time - goes up. NOT if you invest in poorly performing companies. So these two things over time have the capacity to increase your net worth (your assets).
@@StudioPractice1 thank you, i was concerned it was interest generated from lending money at interest. i think it would be immoral to take that kind of interest (usury)
These types of funds I've looked up require around $10 000 deposits each time, otherwise small deposits have large transaction fees each time which kind of defeats the purpose
Get real. The hardest part is getting someone to hand over money. Tf is this video lmao
That’s not the hardest part. The hardest part is getting anyone to “buy in,” To think that what you do has value
@StudioPractice1 um yeah... in order to get compensated... letting money sit is one of the simplest parts of the equation if you have the money. This video isn't "how to ACTUALLY make money as an artist" as you put it. Maybe rather "what to do with the money once you have it".
@user-sl4vt5xl8l yeah I love how it just magically converted to cash lol
getting money as a hardcore punk artist? yeah i dont think so mate
What’cu mean… dont be defeatist. Get dat Muney
too much capitalism not enough art. i know i need to hear this but it puts an ache on the soul. regardless glad you brought the real juice in the last 20 seconds.
are you familiar with Ben Levin's work?
th-cam.com/video/5P49jk7ebAE/w-d-xo.htmlsi=1OWcIkTxWYNHXarn
Thanks for writing. I’ll check it out now ❤️