Financial Literacy Month Q&A with Maria del Pilar Lopez
Director Maria del Pilar Lopez was recently featured in Sound Royalties's Financial Literacy Month, where seasoned industry professionals discuss different financial topics in the music industry. Check out the latest Q&A where Pilar addresses:
- What does it mean to be a business manager?
- What is the best piece of advice you could give to a creative in the music industry?
- What is a common mistake you see artists in the industry make? What could they do to prevent that?
"I like to emphasize the importance of creating a monthly budget, managing cash flow, filing tax returns in a timely manner, and saving for retirement. Income streams for entertainers can change overnight; therefore, it is crucial to do extensive tax planning, avoid unnecessary spending, and invest wisely."
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