Ramsey’s logic trades the long-term leverage of intellectual property for the safety of a retirement fund, treating a creative legacy like a simple savings account. It is a pragmatic exit strategy for the risk-averse that ignores the compounding value of cultural influence.
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Sell His Music Catalog for $4,000,000?本站添加:
I'm a independent songwriter and music producer. Um so my income is very inconsistent. So me and my wife have been okay with that kind of inconsistency in the income until last year in December, our baby had to be delivered extremely prematurely and at the same time my wife was diagnosed with lupus. With all of this kind of medical uncertainty basically that we're we're going into with this. I have the option to do something called a catalog sale, which in music is is kind of like selling a business is just getting a lump sum for all of the songs that I've made and I'm kind of wondering if it's a smart move to just take the sale and invest that money and live off of the the interest or if I should just keep working and try to maybe find a way to make my income a little more consistent.
Nate, I'm sorry you guys are going through this. It rocks your world when the baby's sick. And when mama's sick too, it's double.
That's a tough tough thing and it and it and when you're an artist, it particularly is rocky. So what are they offering you for the catalog?
>> It would be around 4 million. Good. Oh, you've done a great job.
Congratulations. You've had some good stuff, man. What was a good year for you? Like what are you normally making in a year?
>> My last year was my best year and I I made just about a million and that's why I'm a little bit not sure because if I do a a deal with an LTM deal which is the last 12 months, I would get like a about a times four on my catalog sale. I'm also not sure like if I continue to write, maybe I can make that number go up and then my catalog sale could be worth Well, there's nothing to say you couldn't sell another catalog. That's true. What I would say is if you project that you're going to make a fourth of this in the coming 12 off of this catalog, I'm probably keeping that. Okay. Because you're going to get a million of the 4 million right now and so we're only got a $3 million swing and what have you got $3 million for?
You're going to get that 3 million in the next 5 years. The question is do you what do you want and it sounds like with your family situation that you can restart your career fresh with $4 million in an investment, which if you put it in a good investment will make you $400,000 a year. Right.
Forever. And that's without you Forever.
>> producing future income.
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