How To Invest In Your Music Career Like A Roth IRA

Although a retirement account and a music career may not seem to have much in common, many of the principles behind investing in a Roth IRA and cultivating a career in music are, in fact, quite similar.

In this latest how-to piece from MusicThinkTank, contributor Caleb J. Murphy explains how investing in your career like you would a Roth IRA, can pay off in a similar way.

Set a long-term plan: The first and most important step is to think long-term.The whole point of a retirement account is that you’re setting yourself up for financial security far into the future. So it is with your music career. You must know where you want to end up so you can take steps today to get there. You’re not going to be an overnight success. It will probably take you years to get to where you want to be. 

You’re in this for the long haul.

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