money

Back at the height of the War on the Northern Front, I speculated about how the involvement of key leaders at the two largest banks in the Twin Cities might be making things worse: …there is no third party willing to wade in and lean on the Minnesota Orchestra board to abandon an approach which […]

There was an unusual amount of feedback on my post last week about the pay disparity between full-time musicians and subs in Minnesota and how that might have come about. Some of the feedback confirmed my suspicions that the root of the problem was a “new model” mindset on the part of some board members. […]

According to Norman Lebrecht and Terry Teachout, the unions did: (Lebrecht) [Gelb]demanded 16-17% cuts from the orchestra and chorus and settled for 3.5 percent now, 3.5 percent later. No huge pain for the musicians, but huge gain. They have won the right to be party to major spending decisions, limiting Gelb’s powers as manager and […]

Most readers of this blog have already heard of the events of last Monday here in Milwaukee. If you haven’t, the New York Times has a good summary: It should have been one of those nights musicians live for. Frank Almond, the concertmaster of the Milwaukee Symphony Orchestra for nearly two decades, had just closed […]

It’s common for the general public, and even musicians to dwell on the negatives when speaking about the current state of orchestra affairs. Of course it’s not all gloom and doom. Here’s a positive. Pittsburgh Symphony settles contract with musicians a year early By Sally Kalson and Andrew Druckenbrod / Pittsburgh Post-Gazette At a time when major […]

My previous blog referenced Grammy-winning composer Maria Schneider. In talking with her further, she had an interesting take on the stereotypical starving artist.  She theorizes that part of the reason record companies are able to make huge profits while the artists often make so little is because many musicians have the idea that being a […]

My previous blog referenced Grammy-winning composer Maria Schneider. In talking with her further, she had an interesting take on the stereotypical starving artist.  She theorizes that part of the reason record companies are able to make huge profits while the artists often make so little is because many musicians have the idea that being a […]

Some musicians feel that they must dumb-down their music in order to be “successful.” I once had a conversation with Maria Schneider in which she made an interesting observation: many musicians who are focused solely on making money underestimate their audiences.  She commented that some musicians seem to think that if they write or present […]

This is part 3 on a series devoted to Portfolio Careers. Now it’s time to do the math and determine your Portfolio Career Plan (PCP). As you’ll see, this process is quite logical. All you need is a pencil, paper, calculator, and a little creativity.

If you have money to invest, any financial advisor worthy of their corner office will suggest you diversify the portfolio. In other words, don’t put all your eggs in one basket. The same logic can be applied to multiple-stream careers. This post outl…