Mar 06 2025 25 mins 1
Join us as Mike and Brook Reilly dive into why so many artists struggle financially. We'll explore how passion alone isn’t enough, the advantage of financial support and why understanding money is key to making a creative career sustainable. Plus, we'll break down why treating art like a business is the key to long-term success. All this and more on the Cleveland Real Estate Investor Podcast!
01:10 Mike introduces the topic of why artists struggle financially, questioning the "starving artist" cliché and why passion alone isn’t enough to succeed.
03:15 Mike references an article about how many New York residents rely on financial support from their parents or trust funds, highlighting the hidden advantages that allow some people to pursue artistic careers without financial worries.
07:45 Mike emphasizes that being an artist requires the same dedication as running any business, comparing it to the relentless work ethic of professional athletes
11:05 Mike emphasizes the importance of teaching kids the value of hard work over passion, arguing that discipline and responsibility should come before chasing interests or hobbies.
22:30 Brook and Mike conclude that artists starve because they aren't taught how to manage money or sustain themselves financially, emphasizing the need for business knowledge.
