- Paperback: 200 pages
- Publisher: Clemens Kownatzki (April 6 2011)
- Language: English
- ISBN-10: 9780615431499
- ISBN-13: 978-0615431499
- ASIN: 0615431496
- Product Dimensions: 17.8 x 1.2 x 25.4 cm
- Shipping Weight: 454 g
- Average Customer Review: Be the first to review this item
- Amazon Bestsellers Rank: #2,755,710 in Books (See Top 100 in Books)
Money Music 101: Essential Finance Skills for Musicians, Artists & Creative Entrepreneurs Paperback – Apr 6 2011
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About the Author
Clemens Kownatzki is founder and CEO of FX Investment Strategies, a Registered Investment Advisor. In addition to running his investment advisory firm, he is a contributing author at SeekingAlpha.com and BusinessInsider.com. He also publishes the popular investment blog www.fxinvestmentstrategies.com along with a weekly news-letter. In 2010, he joined Pepperdine University as an adjunct professor of finance. Prior to starting his own business, Clemens has been in charge of the operations and risk management of two international foreign exchange and commodities brokerage firms in London and Singapore. Clemens earned his M.B.A. degree from the Graziadio School of Business at Pepperdine University. He is also an experienced and passionate musician of many years. He graduated from Musician’s Institute, Los Angeles in 1987 and was nominated Outstanding Guitar Player of the Year Award Winner. He currently lives in California with his wife and two children.
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Most helpful customer reviews on Amazon.com
And in the same way that we know-it-alls think we can operate a DAW on a plug-and-play basis without bothering to find out what the book might say about the red button and what it might actually be for, we bungle our way through our finances dead sure that eventually we will get the royalty check or sell enough of our old gear or hear of the right great aunt's passing that will finally turn our careers into a profitable life-choice.
We can all do ourselves a big favor, save valuable time and actually get some creative work done if we would just read the book before pushing buttons haphazardly. Music Money 101 taken daily with our without food, while not being a guarantee for artistic success, will provide the minimum daily requirement of sanity if taken in sufficient dosages.
Filled with easy to understand examples on important topics like budgeting and investing, the author shows how simple it can be to begin taking charge of personal finances. Especially useful are all the practical money management tips such as how to avoid excessive fees and the real truth of convenience checks.
An important and recurring theme throughout the book is the concept of the time value of money. Again, the author offers simple, yet powerful examples of how setting up a money management system can pay off (literally!) in the long run.
Following the recommendations outlined in Money Music 101, readers will soon find that words like budget, insurance, interest, and savings goals are music to their ears.
I enjoyed reading this book. It gets straight to the point and it does not waste time promising miraculous results or promoting itself. It offers a great overview of money matters in the US. As a foreigner who recently moved to the States, this book was a huge help. I also like that the majority of the book deals with every day issues.
The title is a little off, as it is not a book for musicians in particular. So if you are looking for financial advice specially geared toward musicians, this is not the right book. This is a financial 101 for everyone. It uses music as examples, but to explain universal finance.