![]() ![]() Passive income is where your head should be focused as a creative. I call this active income because you have to do something actively to earn the money. You get that money once, you give your time away forever. You sell roughly 160 hours a month for whatever your salary is. Selling your time is what you do when you’re employed. You can sell a product or you can sell your time. Why do you have to earn your money only from book sales? If I get to spend a solid part of my day bleeding words and vomiting sentences, do I really give a fuck where my money comes from? No, no I do not. ![]() ![]() ‘Don’t be romantic about where your money comes from’Įven as I type that sentence now, my tiny little brain shatters all over again. Someone I highly respect said this to me a few months ago… Take that cheque away and I was pickled harder than 100 year old gherkins.īut that’s what so many new authors think when they come to their writing career. I was under threat of redundancy for a while and that was enough to make me realise the danger of having all my financial eggs in one basket. If you read my recent article about the journey I took to quitting my job, you’ll know it was a shit-show for a long time. But it’s rare as rainbow shit and frankly a little naive. And sure, there are some flying pigs and white unicorned writers out there for whom that is the case. They think their full-time salary should come from royalties. But the majority of authors aren’t thinking straight. I’m a magpie, I love me a shiny thing, so trust me when I say I see you out there clutching your sparkly dreams in sweaty, nervous hands. And you might find this response from the Alliance of Independent Authors interesting, they rightly so, slate the report. The problem with reports like that is it entirely failed to take into account the way Indies earn money today. How can a writer write full-time if they only earn 10,000 a year…? The result is usually overwhelm from the menagerie of craft and marketing advice, sales bombed by the latest course or stricken with horror at the latest wildly inaccurate author earnings report, like this one from the UK parliament’s All Party Writers Group (APWG) from summer 2019. But let me sweep you into my arms and tell you a thing or two.Įveryday thousands of writers come to Google full of the ‘ER-MA-GAD IM GUNA WRITE A BOOKitis’ clutching their shiny dreams of full-time writing and then they search for advice on google… I’m sure half of you are shuddering at the prospect of talking about money – especially any fellow stiff upper lipped Brits, talking about money is so crass after all. You just need multiple streams of income. The truth is, you don’t have to be a poor artist. Author earnings specifically because author earnings are surrounded by myth and lie. ![]()
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