Musicians joke all the time about having no money for food after spending their earnings on filling up the van, buying a new set of strings or hitting the bar — but that’s not NO money. If you’ve got NO money, and can’t even afford these luxuries because of debts or lack of earnings, it’s going to be incredibly difficult to justify continuing.
The phrase “don’t quit your day job” is often thrown around as an insult — granted, it would be amazing if you could give up the nine to five completely and sustain yourself purely with your passion — but in the increasingly cutthroat and competitive music industry, you need a backup plan.
If you place all your eggs in your band’s basket, they’ll all be thrown to the floor and smashed if you suddenly can’t get a gig or sell any more merch. These things can happen, and if they happen to you, you’re either going to fall back on your job and go back to playing on weekends or withdraw entirely from the harsh flames of failure.
You simply can’t function on no money. Sooner or later the handouts from the parents are going to dry up, and you’re going to have to take a long look in the mirror and ask yourself if you can actually make this work.
Solution: Don’t quit your day job immediately after your first paid gig. It seems crazy, but most bands spend a good few years working by day and gigging by night, sacrificing much of their private time and social life in the process. Squirrel away every penny so you can fund the things you want to do, like a tour or a press package.
Consider a sideline of private tuition or start a function band as a way of funding your passion. There are thousands of musicians who escape the nine to five and make a perfectly good living from performing.