Wednesday, August 31, 2011

Sustainable Artistic Pursuits with Astute Financial Management.

Today I just to share my ideas on pursuing one's interest in the Arts.

There are quite a lot of friends around me who want to be artists. Many want to publish a book of fiction, some like to draw, others want to pursue photography. A common grouse is that Singapore as a society does not respect the Arts and someone's dreams cannot be fulfilled because of other Singaporeans and their pragmatism.

We're currently in the middle of dividends season, and I just had an insight that I am probably closer to living a life of a writer than many of my peers.

Passive income is a "no-brainer" for artists. Steady cash flow is a welcome addition if you have a creative pursuit and may have to suffer an unpredictable cash flow if you choose to make it your primary income.

In fact, in Singapore, I may even argue that passive income is a pre-requisite for proper pursuit in the creative arts. If I do not have any fear of my family starving while I write my book or do my painting, I may be able to devote more time to my pursuits and take on bigger risks. This will buy time for me to practise and really become the best in my field.

As it stands, I have an opportunity to try something I'm really not particularly good at. I can spend my extra time to create a small piece of fiction, pay for writing lessons, pay for editing and float it into the book-stores.

It can sell zero copies, I won't be destroyed by my attempt if it fails. The next round of dividends can pay for my next version and so on...

Anyway, these are my plans I have brewing in the background. Next step is to pay for all the workshop events in the Singapore Writers festival and keep up the pressure to become a decent writer.

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