Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Sunday, June 2, 2013

Sometimes The Answer Is No

I was inspired to write more about kids today. We all want our kids to have a better life than we had and for them to have every advantage possible. However, I think we need to be more realistic about what our kids actually NEED as opposed to WANT.

Our kids need our love, supervision, food, shelter, clothing and education. Those are very basic needs. I will even say that our kids need entertainment and friends. What is the point of working hard at school if they cannot also enjoy what life has to offer.

Then there are the wants and as a parent to 3 kids (2 of them teens), I can tell you, there is a LONG list of wants. Almost daily I hear from at least one of my kids, "Mom can you get me _________?" Fill in the blank with the latest toy, electronic or coolest clothing item.

As parents who love our kids, we don't want to see them denied the things they want but sometimes you have to say no.  For whatever reason, sometimes financial, sometimes to make our kids understand that they have to earn things or whatever your reason is, you have to reject their request.

I believe it is very good to say no to our kids when they ask for things. Especially if the item they want will cost more than $10. To some, $10 may not seem like much, to others it's a lot because they might be struggling financially. With the average American income being just over $47,000 a year, $10 here and there, adds up quickly. It might not even be a THING they want but it could be an outing that will cost more than $10. For those of various means, feel free to set the dollar amount at what is right for your family.

In saying no to something, a child will usually ask why. Take this opportunity to educate your children. Educate them on the costs of items and living expenses. It is easier to explain living expenses to older children but for the younger ones, use this chance to teach them about money and that just because you have a plastic card to slide through a machine, doesn't mean things are free.

Sometimes, you can deny your kid the latest gadget but give them a way to earn it. For the older kids, maybe something along the lines of... if I were to pay you $8 an hour (above the federal minimum wage of $7.25), how long would you have to work to earn what you want? For younger kids who wouldn't understand about minimum wage, you can tell them they have to do X to earn what they want (earn being the key word there).

In this way, you not only teach your kids about money and responsibility, you also give them a way that they can feel proud about earning what they want. It's very important to give kids the sense of self satisfaction of knowing they can do things and earn rewards.

Being a parent, I see kids all the time that have a huge sense of entitlement. They think that just because they exist that they deserve to be given what they want. I'm not saying this all lies in the hands of the parents, it also has to do with marketing to kids from companies.

What I would love to see is parents finding more ways to entertain kids for free or inexpensively.  Often there are community events that cost nothing or little to go to. Museums often have days that are free for city residents.

So I'm challenging you, if you have kids, to go right now and do some searching online or in the local newspaper to find things you can do with your kids that cost very little. In the end, it's not how much money we spend on the kids, it's how much love and time we can give them.

Monday, July 9, 2012

Supporting Independent Musicians Or Big Labels?



I saw this quote today on Facebook in one of my friend's feed. I did share it on my page as well and it really got me thinking.

Do I want to support a big label musician buying a new Mercedes or would I rather put my money back into the independent music community?

As someone who manages and works with indie musicians, I would rather support the struggling indie musicians.

If it is a Second Life indie artist or a real life indie artist, the chances are that my dollar will be going to help feed and house them, not buy their next line of coke or pay for their big house and the BMW in the drive.

When I go to see a Second Life performer, I always tip them. On average I tip 200L$ - 300L$ or more if they are a close friend or someone I particularly enjoy. In SL 250L$ equals approximately ONE DOLLAR. It is absolutely worth $1 to get an hour of live music streamed to the comfort of my home. I also will always tip the venue about the same amount because the venue is paying the performer and usually relies on venue tips to recoup at least part of that expense. They cannot sell booze and the only way a cover charge will work is for most venues to get on board. There are tips only venues in Second Life, a plethora of them actually, those venues I might tip a little less because I know their expenses do not include paying the performer but mostly I do frequent the venues I know are paying the musicians at least something.

Another way to support indie musicians is to buy their music. Sometimes musicians in Second Life will have SL CD's you can purchase and often those CD's can be listened to in SL or downloaded to your computer as MP3s and typically it is less expensive than purchasing them on the web. However, if your favorite musician doesn't have a SL CD, go buy the music online.

Just because a musician is popular or books for a higher fee does not mean they are wealthy. They may be struggling financially, like most are these days. Forgetting everything else, what they are offering you is their heart and soul in the music they have worked long and hard to write and perform and that deserves respect. Musicians do like to hear nice things about their music but they also have to put food on the table, clothing on their children and make repairs to their homes. Unless a musician shares their financial situation, we don't know what's going on in their lives.

I understand that it is hard sometimes to tip because you might be struggling as well in real life and cannot afford to buy L$. One possible and fun solution might be to get an enjoyable job in Second Life which will also help you make some tip money. Especially for live music fans. There are more venues in SL than you can shake a stick at. Maybe apply for a venue hosting job, then you get to listen to and support the musicians and make some extra money as well. I know that if I went out in real life to the local pub to listen to my favorite local band,  I will have to take time to get dressed up, do my hair, maybe grab a bite to eat, buy expensive gas, pay a cover of  $5- $20, depending on the pub and performer, buy a couple drinks, tip the bartender, pay a babysitter.... we are talking an easy $100 for one night out.

Going to live music in Second Life saves a LOT of money. I can sit here in my PJ's while my kids are sleeping and go see a couple musicians, grab a snack from my fridge and enjoy myself and at the same time, support an indie musician and venue with just a few dollars of tip money.

I can almost guarantee you that all the musicians in Second Life are not getting rich by performing. What they are getting is a way to help them make more music to share with you.

Thursday, March 8, 2012

Can I Make Money Performing In Second Life?

Mankind Tracer/Seth Regan @ The Rose Theatre
I was looking at the stats on my blog and it tells me where the traffic comes from. One thing I noticed was was a key word search about "do live musicians get paid in Second Life". I thought this would make for a good blog post.

The truthful answer to that question is... it depends on a lot of factors.

If you are just coming in to perform to have fun and not worried about money, then this post is not about you.

There are musicians who make money in Second Life (SL)... should you quit your day job and start performing exclusively in SL? ... no, absolutely not. If you are a talented musician, and I will emphasis IF, then you could make some supplemental income by performing in Second Life and expand your fan base to a global audience.

There are some key questions you should ask yourself before considering performing in Second Life as a money making venture:

  • Are you talented?
Be realistic, do not listen to your mother, she will likely love anything you do and do not listen to your close friends because they will not always be the most honest either. 

  • How much money do you expect to spend and make in SL performing?
There are some costs to getting started performing in SL. You will need clothes, skin, hair, an instrument or hand mic of you don't play an instrument. You will need to rent a stream to broadcast your performance. You will need real life equipment like a good performance grade mic, a mixer and a monitor or headset to be able to hear yourself. 

When you are first starting out performing in SL, you will likely need to play at some tips only venues until you build up a fan base. Just like in real life, no one will pay you unless you can bring an audience with you. So plan to make only tips for the first several months.

  • How much time do you plan on spending just learning the ropes?
When you are new to SL you will need to learn things like where to get a tip jar, how to get dressed, how to adjust your equipment, how to create landmarks, how to talk to people locally and privately. If you are lucky you can find a friend or a mentor that will give you a crash course in these things and other basics.

  • Do you need management in SL?
Unless you plan to put in hours of leg work getting to know the various ways of promoting yourself with in SL and networking with venue owners, then you need a manager who already knows people and how to promote you. You need someone you can trust with your reputation and someone who is willing to commit to developing your SL career.

What this all boils down to is expect to invest in a Second Life music career like you would a real life music career. There is time and money to consider and if you do and are talented then you can make some supplemental income. Second Life is not a game, it is a 3D social network and you can use it to help build a fan base globally and help sell some CDs as long as you are realistic about it.

If you are interested in performing in Second Life and need some guidance, please feel free to email me. When you email, please include you tube links so I can get a feel for your music, a phone number or skype name and any other info you wish to include: brandy@maltasmanagement.com