ABSTRACT

This chapter provides valuable advice for the performing artist such as an actor, dancer, lighting guru, costumer, or stagehand, on investing, saving, and building a diversified and stable financial portfolio. It also provides unique strategies for integrating financial awareness and planning into the life as an artist, and how that can help to provide a better sense of financial security. Dealing with income taxes can be a daunting part of anyone's life. Certainly, taxes are a universally unpleasant task to endure. Tax talk describes some tax elements to keep in mind for the potential investment vehicles where applicable. Interest income is most often money that earn on the cash investments or interest paid to for bond investments. Dividends are distinctly different from interest income and therefore treated differently for tax purposes. A capital gain indicates a profit on the investment, while a capital loss indicates money lost on the investment.