Making a Living On Tour
You’ve probably heard warnings about how tough it can be pursuing a career in the arts. But have you considered how profitable going on tour can be?
Let me tell you, even if you’re not exactly raking in the big bucks, you can secure a steady job that pays around $500-$700 per week plus per diem. That’s good steady income, especially if your accommodation is sorted out on the road and you can stick to your per diem.
Now, to really make this strategy work, you need to be savvy in a few areas:
1. Minimize Home Costs
When you’re touring most of the time, you need to find ways to avoid paying rent or a mortgage back home. You could sublet your place (like many New Yorkers do, there are tons of Facebook groups and always trusty Craigslist to help with this).
If you’re lucky and get along well, living with your parents for the few weeks you’re home each year might work. If you’re respectful and help out, they’ll probably have no issue with it.
Another option is to live in a more affordable area, as long as you’re cool with driving to a nearby major airport. And if you own a house that’s often empty, consider getting a roommate. They can help with mortgage costs and deal with any home issues while you’re on tour.
2. Budget Your Expenses
No one likes the ‘B’ word, but having a budget is key. And the basic rule is simple: spend less than your per diem. You’d be surprised how easy this can be on tour, considering meals and snacks are often provided. What’s left of your paycheck can go towards paying off debts, saving, or investing.
3. Work Hard and Well
Let’s be honest, you need to be good at your job. Touring is a small world. If you are competent and reliable, your reputation will grow, and more gigs will come your way. If you often mess up…well, you can guess the rest.
The longer you can stick with this touring lifestyle, the more financial benefits you’ll reap. And remember, it’s not about having extra money to burn, it’s about redirecting what you make towards savings or investments. Make your money work for you! Now, anyone else have tips on saving smart while touring around?