Art and Money

Being an artist can be scary! Regardless of whether you’re a fine artist or a commercial artist, the stereotype of a Starving Artist can haunt you at the most unexpected times. I remember when a friend asked me back in college (I was doing a business degree), “Why didn’t you go to an art school?” I earnestly replied, “How will I eat?” He said, “You are terribly misinformed!” I shrugged it off at that time, but turned out that guy was the grandson of the country’s greatest painter!

But we artists don’t  do art just because we want to. We do it because we have to. We all know stories of great artists who created masterpieces and then died in poverty. We don’t want to end up like that, but is there any other way? Seems like there is!

I started thinking along these lines a bit more seriously and then found quite a solid amount of evidence that it doesn’t have to be that way. There have been a lot of great artists who died poor, but there are a lot who died rich too. Picasso, remember!? And then there are a lot of contemporary artists, famous or not-so-famous who are making a lot of money right now while the others are sulking about their financial situations and future outlooks.

The most important bit when it comes to financial success (regardless of how you define it for yourself) in any endeavor is mindset.

The thoughts, believes and emotions you harbor pertaining to money and finance is probably the biggest contributor to the size and health of your bank account (or wherever you choose to stash your money). And these thoughts, believes and emotions are not always very empowering and supporting. I know, since I struggled with money for a long time despite a degree in marketing and business administration.

But as an artist, we are not just storytellers, but we are business-owners too. We are entrepreneurs. We are salesmen. The sooner we realize this, the better for our financial destiny. 

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